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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

Cyber related crimes are costing companies up to £4.1m a year, reports Computing.co.uk. The new research found that the average cost of cyber-crime in the UK has steadily increased over the last three years. The UK National Security Council has... Read more

Today’s top tech news

Increasing demands for internet privacy will soon lead to near-universal encryption of internet traffic, reports CBROnline.com. Wikipedia founder Jimmy Wales said in an IP Expo keynote, “Global SSL traffic has been booming. Over 80 per cent of traffic on mobile networks will... Read more

Today’s top tech news

Children today could work up to the age of 100 in as many as 40 different jobs, reports TheGuardian.com. Rising life expectancy because of medical advances, combined with the trend for goods and services to be increasingly produced by smart... Read more

Today’s top tech news

Edward Snowden has advised that smartphone users can do ‘very little’ to stop security services controlling devices, reports Independent.co.uk. The former intelligence contractor told BBC’s Panorama that UK intelligence agency GCHQ had the power to hack into phones without their owners’ knowledge.... Read more

Today’s top tech news

T-Mobile customer data stolen from Experian is already on the Dark Web, reports Telegraph.co.uk. Experian, the world’s biggest consumer credit monitoring firm, is poised for its worst trading session in 18 months after it revealed a massive data breach on... Read more