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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 vast majority of electronic spying attacks in 2013 can be attributed to governments, reports Telegraph.co.uk. There has been a three-fold increase in cyber espionage since April 2013 and of the 511 spying incidents recorded, 87 per cent were conducted... Read more

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Facebook has introduced a new feature that allows users to broadcast their location with an accuracy of half a mile, reports Independent.co.uk. The feature, named Nearby Friends, locates individuals by using a combination of GPS data and triangulation from nearby... Read more

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The people of Britain trust Google more than they trust their own families, friends or significant others according to new research, reports Telegraph.co.uk. More than half of UK adults and 77 per cent of the countries’ 18-24 year olds would... Read more

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Google Glass was only the beginning for wearable tech, with a series of new patent filings from Google suggesting that the internet giant is taking the concept of a ‘smart contact lens’ seriously, reports Independent.co.uk. Patent Bolt, a website dedicating... Read more