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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.




More Technology Digest

Today’s top tech news

UK schools must invest in an online strategy and encrypt sensitive data, reports SCMagazineUK.com. More than a third of parents with children of school age in the UK would be happier and engage more with their child’s school if it... Read more

Today’s top tech news

Companies should face severe financial penalties if they fail to keep customers’ data safe, reports Telegraph.co.uk. Seven in 10 board members have demanded stricter punishment for those who fail to meet basic cyber-security requirements. The figures, due to be presented... Read more

Today’s top tech news

The government, GCHQ and O2 are throwing their weight behind an initiative to create two new cyber security startup accelerators, reports Computing.co.uk. The aim is to find firms with ideas to protect the nation from the increasing number of cyberattacks.... Read more

Today’s top tech news

Yahoo has now confirmed a previously suspected attack, undertaken in 2014, where an estimated 500 million user account credentials were stolen, reports UK.BusinessInsider.com. The company confirmed that the stolen data includes names, email addresses, telephone numbers and hashed passwords –... Read more

Today’s top tech news

Cyberattacks on satellites could spark a global catastrophe due to a combination of lax security and increasing number of potential attackers, reveals Independent.co.uk. The warning follows a new report from independent policy institute Chatham House, which suggested authorities should commit... Read more