Sony's Mobile Malaise Lands It in Deep Ditch

Sony on Wednesday announced that it will post a loss of $2.14 billion for the fiscal year, far outpacing the loss it previously forecasted. It will take a quarterly write-down charge on the unit as a result. The reduction is due almost entirely to diminished growth in its mobile unit. Sony announced several changes to the unit, including adjusting its orientation away from sales to one in which risk-taking is de-emphasized in order to stabilize its earnings.

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