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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

Efforts by the UK government to limit technology spending may have caused more harm than good in numerous instances, reports TheRegister.co.uk. The research features within a new academic paper from Professor Vishanth Weerakkody, which looks at the critical success factors... Read more

Today’s top tech news

The UK and digital culture minister Matt Hancock announced plans to bring about ubiquitous 5G and fibre broadband over the next ten years, reports CBROnline.com. Hancock outlined the approach at Broadband World Forum, including a plan to introduce universal connectivity... Read more

Today’s top tech news

Global spending on security hardware, software and services will rise 38 per cent to total $101.6bn by 2020, reports Computing.co.uk. That compares with an estimated spend of $73.7bn this year. Banking and finance will lead the spending spree, accounting for... Read more

Today’s top tech news

The majority of Britons won’t feel safe using the streets with driverless cars, reports TheInquirer.net. “Many drivers are making increasing use of discrete automated systems in the car, such as cruise control and parking assist, but a guy feeling persists... Read more

Today’s top tech news

SMEs in the north of England need a defined government strategy on broadband if they are to flourish, reports ComputerWeekly.com. The Institute of Public Policy Research (IPPR) identified two main obstacles for SMEs achieving their maximum potential online. First, many... Read more