Tony Sagami -

Sony reports first loss in 14 years

by Tony Sagami on January 23, 2009

The global demand for electronic doodads is falling fast. So fast that Sony said it will report its first annual loss in 14 years.

And that is after laying off 8,000 of its 185,000 jobs around the world and closing 10% of its 57 factories.

The strengthening yen sure isn’t helping either.

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