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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

There are now 3 billion people on the internet and those in Denmark are the most connected, reports Independent.co.uk. The International Telecommunications Union (ITU) has compiled its annual report looking at the world’s most connected countries as well as the... Read more

Today’s top tech news

A new survey has found that eight out of ten IT budget holders believe cloud computing will play a critical role in solving their business challenges, reports CloudPro.co.uk. The study was conducted by analyst firm Ovum and found that nine... Read more

Today’s top tech news

Police are to get extra powers to force internet firms to hand over details that could help identify terrorists and paedophiles, reports Sky.com. The Anti-Terrorism and Security Bill will force internet service providers (ISPs) to keep information linking Internet Protocol... Read more

Today’s top tech news

Driverless cars will need to be protected from hackers who could take control of vehicles to cause chaos on the roads, reports TheGuardian.com. While autonomous vehicles could reduce road casualties by eliminating human error, they could also increase the risk... Read more

Today’s top tech news

The public has been warned about a website containing thousands of live feeds to UK baby monitors, reports HuffingtonPost.co.uk. People can easily be watched in their own homes or at work by hackers if they do not secure their equipment... Read more