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Sony 'to announce big loss'

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Sony 'to announce big loss'

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Japan’s Sony is reportedly going to announce an annual operating loss of about 825 million euros due to sluggish sales across all its operations and a stronger yen.

That would be its first such loss in 14 years. Sony’s financial year runs to the end of March. Its shares tumbled almost nine percent on the report while rival Toshiba dropped more than eight percent after Japanese media said it too was headed for a big loss this financial year.