Report: Sony expected to post US$ 1.1 billion loss

More rough times ahead for Sony. The company, which estimated a US$ 2.2 billion profit for the year, is now expected to post a loss of US$ 1.1 billion. Hopefully, this won’t affect the PlayStation division.

More rough times ahead for Sony. The company, which estimated a US$ 2.2 billion profit for the year, is now expected to post a loss of US$ 1.1 billion, according to Nikkei business daily.

This comes after a string of ever-worsening news for Sony. Last October, they already pulled down their operating profit from 475 billion down to 200 billion. This was followed by news that they will be laying off 16,000 employees.

While signs point to the PlayStation group being unaffected by the problems of their parent company, Sony might decide to take some drastic action if the boat rocks any more violently. The PSP isn’t exactly brimming with new games, and the PS3 still isn’t performing as well as expected. Hopefully though, things will start to turn in their favor as the year goes on.

Via Reuters