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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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Today’s top tech news

The struggling internet company Yahoo! is showing green shoots of growth after starting to make more of its money from mobile users, reports Telegraph.co.uk. Sales rose 1% in the third quarter to $1.09bn, ahead of the firm’s own forecasts, reversing... Read more

Today’s top tech news

Apple has posted a 12% jump in revenue, exceeding expectations following its best ever iPhone launch, reports Sky.com. Sales of the smartphone hit 39.27 million in the quarter ending in September, up 16% on last year. This surpassed the roughly... Read more

Today’s top tech news

The BBC will publish an ongoing list of links to its published articles removed from Google under the Right to be Forgotten rule, reports V3.co.uk. The list of URLs is largely made up of requests from citizens wanting to erase... Read more

Today’s top tech news

Widely used smart meters can be hacked to under-report energy use, reports BBC.co.uk. Independent security researchers have found that poorly protected credentials inside the devices could let attackers take control over the gadgets. The discovery comes as security experts warn... Read more

Today’s top tech news

Young people who self-regulate their internet and social media usage are more likely to be ‘resilient’ to harmful or inappropriate content online, reports Telegraph.co.uk. In the first study of its kind, researchers from the University of Oxford’s Internet Institute (OII)... Read more