Sony Adds $200m in Expected Losses

For the year ended March 31 2014, Sony now expects a net loss of ¥130 billion ($1.27 billion), significantly more than the ¥110 billion ($1.07 billion) it forecast in February. Pull back a little further and Sony's situation looks even more precarious: looking ahead at the end of the last fiscal year, Sony expected to make a ¥50 billion ($489 million) profit.