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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

Continued growth in advertising revenue helped Google post a double-digit rise in sales in the first quarter of 2015, reports Scotsman.com. The technology giant booked revenues of $17.3 billion (£11.4bn), a 12% rise on the same period last year with... Read more

Today’s top tech news

A hi-tech signalling system that will eventually control all of Britain’s trains could potentially be hacked to cause a serious crash, reports BBC.co.uk. Prof David Stupples has advised that plans to replace ageing signal lights with new computers could leave... Read more

Today’s top tech news

Facebook is aiming to strike a better balance between the amount of content from friends and brands on users’ News Feeds by tweaking its algorithms, reports Telegraph.co.uk. Status updates, photos and videos shared directly by friends will be pushed higher... Read more

Today’s top tech news

Campaigners have warned that the private lives of Britons will be an open book to the state within 10 years, highlighting manifesto pledges from Labour and the Conservatives that promise more powers for spies. TheGuardian.com reports that both parties have pledged... Read more

Today’s top tech news

The National Centre for Cyberstalking Research has found that people who spend a lot of time online may struggle to form healthy real-world relationships, reports Sky News. Psychologist Dr Short, one of the co-authors of the research, stated, “If you... Read more