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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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The Technology Strategy Board (TSB) will spend another £1.6m on the HyperCat wireless project, reports TechWeekEurope.co.uk. The non-profit project aims to link together various wireless communication standards developed for the Internet of Things (IoT). In recent years, the industry has... Read more

Today’s top tech news

A new report has suggested that our interest in apps might be fading, with nearly a third of UK smartphone owners not trying a new piece of software during a typical month, reports Independent.co.uk. The change is due to a... Read more

Today’s top tech news

A major US hospital group said it was the victim of a cyber-attack resulting in the theft of 4.5 million people’s personal data, reports BBC.co.uk. The attack, which is believed to have originated in China, happened in April and June... Read more

Today’s top tech news

Wikileaks founder Julian Assange says he will leave London’s Ecuadoan embassy “soon” after two years of refuge, reports the BBC. Speaking at the press conference, held inside the embassy, Mr Assange said his health had suffered during his time inside... Read more

Today’s top tech news

Tinder owner IAC has purchased social network Ask.fm, promising to create a safer environment for teenagers to communicate freely, reports Telegraph.co.uk. Ask.fm facilitates question and answer exchanges between users. The service is innocent enough, but has been abused in the... Read more