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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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Although security remains one of the main reasons businesses are not moving to the cloud, it is also lagging behind the evolution of cloud technologies, reports CloudPro.co.uk. This is according to research from Ovum and FireHost, which suggested that an... Read more

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BT is returning to the consumer mobile market for the first time in ten years with the launch of BT Mobile, reports TechWeekEurope.co.uk. Following the re-launch of its business plans last year, BT Mobile is the next step in the... Read more

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Facebook is making a play to host news content on its own website and give its publishers a share of the advertising revenues, reports TheGuardian.com. According to The New York Times, Facebook has been in talks with half a dozen... Read more

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Approximately 98 per cent of large UK firms lack insurance that could help them recover from a serious cyber attack, reports BBC.co.uk. They lack cover even though 81 per cent suffered from a security breach in the last 12 months,... Read more

Today’s top tech news

Hybrid cloud adoption is set to rocket by 27 per cent in the next four years, with the value of services worth £57.5 billion by 2019, reports CloudPro.co.uk. The research, carried out by MarketsandMarkets, also suggests just under half (48... Read more