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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

Amazon has unveiled a new hybrid delivery drone that can fly both vertically and horizontally, reports TheGuardian.com. The hybrid is conceived as the prototype workhorse for Amazon Prime, the futuristic delivery service that aspires to carry purchases to customers within... Read more

Today’s top tech news

Google has removed more than 400,000 links under the ‘right to be forgotten’ ruling, reports SCMagazineUK.com. The search giant has removed just under half a million links following a ruling by the Court of Justice of the European Union last... Read more

Today’s top tech news

The UK Government has announced increased tech spending in healthcare, defence, and business, reports V3.co.uk. While not an overt focus, the issue of tech spending was nonetheless a key feature of the Autumn Statement. 1.2% of the total defence budget... Read more

Today’s top tech news

Amazon customers are being advised to change their passwords following a suspected credential leak, reports TheInquirer.net. Users of the site have woken up to emails stating that passwords could potentially be exposed to a third party, and that they have corrected... Read more

Today’s top tech news

The EU is set to expand controls on virtual currencies to fight terrorism, reports SCMagazineUK.com. In an effort to combat terrorism, plans are being put forward to ‘strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual currencies’.... Read more