Sony will post a $1.1 billion dollar loss

The Huffington Post, one of the best places on the interwebs, is reporting that Sony will be seeing $1.1 billion operating loss this year. That’s 100 billion yen, for those who can’t operate in dollars. Even for a company as large and powerful as Sony that is a very sizable chunk. Add to this the fact that this is the first year since 1995 that Sony has even had an operating loss to speak of and the whole thing might have some Japanese business men looking over the edge of tall buildings contemplating their next move.

Though the article attributes much of Sony’s loss to the strong yen, which affects Sony’s massive overseas sales, it also points out that most of the loss comes from their core electronic division, which is usually insanely profitable. I have to assume that the PS3, along with Sony’s underselling televisions, falls squarely in this category. Predictions of a total loss of $200 billion for Sony are now in the air and Sony says it will be cutting down spending costs. This, of course, means less jobs, which, no matter what system you’re a fan of, is never a good thing to hear about.

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