Sony Corp. (NYSE ADR: SNE) is facing the first consecutive annual loss of its 63-year history.
The Tokyo-based company lost $1.1 billion (98.9 billion yen) last year, and it expects to lose another $1.4 billion (120 billion yen) in its fiscal year ending March 31. That would be Sony’s first back-to-back annual loss since the company went public in 1958.
And despite renewed optimism within its ranks, Sony still faces a plethora of challenges, including a questionable direction, cost-conscious ....
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