23
May
2011
Sony’s Biggest Loss in 16 Years
photo credit: Michele | Mic. Agius Photography
One of the biggest technology manufacturers in today’s market, Sony, is expected to report a loss of 3.2 billion dollars for this fiscal year. Based out of Japan, the company had nine production plants that were damaged by the tsunami in March 2011. This caused massive disruption to supply chains and domestic consumption. A devastating national disaster like this could not have come at a worse time for a company like Sony. A series of hacker attacks on their online networks, a declining DVD industry, lack of a stronghold in the video gaming industry, and declining TV sales were all pre-tsunami issues that the company was dealing with. Not to mention, this will be the third consecutive year that the company is expected to lose money. It is horrible when something like this occurs, but it is never a bad idea to be prepared.
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One of the most important things you can do is be aware of your surroundings and the potential risks that you may face based on your area. If you have any questions contact us today! Call us at 877-500-6997
