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Displaying items by tag: earthquake

Sony Expects Third Consecutive Annual Loss

27 June 2011
Published in Industry News

In the wake of the 9.0-magnitude earthquake that struck Japan in March, Sony has projected that it wall end the year with a $3.2 billion dollars of loss. Sony had nine plants that either were damaged or experienced shutdowns as a result of the Japan quake.

This is the second time the consumer electronics-company has taken a drastic hit...