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Today’s top tech stories

The Guardian reports that Sony, in its fourth revision, is forecasting a £4bn net loss for the year ending March 2012. This is double an earlier forecast figure and the fourth consecutive year that Sony has posted losses. This change in fortune is attributed to companies such as Apple and Samsung taking control of some markets, and demand for consumer products like televisions dropping. The company is planning to cut 10, 000 jobs, which equates to around 6 per cent of its workforce, in the near future. Sony’s chief executive, Kazuo Hirai, has stated that he is prepared to take painful steps to revive the ailing electronics company and has said that he will not hesitate withdraw from businesses he deemed uncompetitive. The company believes that it will turn profit in the year ending March 2013, with operating profits of around £1.4bn.

The value of technology company Apple has reached $600bn writes The Telegraph. The only other company that has reached this mark is Microsoft in 1999, at the height of the dotcom boom. Wall Street is expecting Apple to show more than a 50 per cent increase in profits to $9.2bn when its first quarter results are posted later this month. With Apple launching a television product, and the announcement that last month it will begin paying a dividend, has caused some experts on Wall Street to believe that Apple shares will be trading at $1,000 within a year. Shares in Apple closed down at $628.44 yesterday, after having climbed as high as $644 earlier the same day.

 

 

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A smartphone costing just £26 is set to take on the iPhone and Samsung Galaxy after its launch in India, reports News.Sky.com. The Karbonn A50S has a touchscreen display, front and rear cameras and a dual phone number function. So... Read more

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A new survey has found that half of employers now use social networking sites to research job candidates, reports News.Sky.com. In an age where LinkedIn and Twitter profiles are visible for the world to see, keeping on top of social... Read more

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Hackers and cyber criminals are using flaws in Microsoft’s Internet Explorer to search computers to discover what kinds of security software they are running and how to take control of them, reports TheGuardian.com. The exploits are allowing digital reconnaissance to be performed on... Read more

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Google is to meet data regulators from across the European Union to discuss the implications of the recent “right to be forgotten” ruling, reports BBC.co.uk. An EU court ruled in May that links to “irrelevant” and outdated data should be... Read more

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Yahoo Japan has launched a new service uniquely designed to serve the country’s large population of elderly people by tidying up their digital footprints after they die, reports Mashable.com. Called Yahoo Ending, the service enables users to close their account and... Read more