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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

Transport for London (TfL) is hoping that new data coming from Internet of Things devices can help ease congestion in London, reports V3.co.uk. The organisation’s CIO, Steve Townsend, said: “We are looking at data from the IoT and how it... Read more

Today’s top tech news

Following increasing cyber-threats facing UK businesses the UK Government is set to offer e-learning courses to HR professionals, reports CloudPro.co.uk. ‘Cyber Security for HR Professionals’ is a free course created by Whitehall and the Chartered Institute of Personnel and Development... Read more

Today’s top tech news

More than three quarters of British children aged between 10 and 12 are ignoring age limits to set up their own social media accounts, putting them at risk of online bullying, reports Independent.co.uk. In research to mark Safer Internet Day,... Read more

Today’s top tech news

Google could trial its driverless cars in London in the near future, reports Independent.co.uk. It would be the first time the vehicles would be tested extensively outside the US by Google. Deputy Mayor for Transport Isabel Dedring has been meeting... Read more

Today’s top tech news

Cisco has purchased Internet of Things specialist Jasper Technologies for £959m, reflecting the importance of IoT devices to the future of tech, reports TechWeekEurope.co.uk. The Jasper platform is used by 3,500 leading global enterprises, including Volkswagen, General Motors, Hyundai and... Read more