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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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A new survey has revealed that the final decision about whether to buy cloud services is left to the CIO and head of IT rather than the CEO in 59% of organisations, reports CloudPro.co.uk. Cloud hosting provider Cobweb Solutions questioned... Read more

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Apple has updated both iOS and OS X operating systems in a bid to patch security holes that could have left users open to remote code execution, application termination and encrypted traffic interception, reports SCMagazineUK.com. The update to OS X Yosemite plugs... Read more

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Facebook chief executive Mark Zuckerberg has revealed that he believes “telepathy technology” is on its way, reports TheGuardian.com. “One day, I believe we’ll be able to send full rich thoughts to each other directly using technology,” stated Zuckerberg during a... Read more

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The Internet of Things (IoT) could deliver between $4 trillion and $11 trillion in economic value by 2025, reports CloudPro.co.uk. Consulting firm McKinsey’s report, ‘The Internet of Things: Mapping the value beyond the hype’, tries to determine how the IoT could present great value in... Read more

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Computing.co.uk reports that guidelines explaining how the EU’s forthcoming General Data Protection Regulation (GDPR) will work in practice will only be produced after member state ministers have finalised the details. It is expected that this will leave organisationslittle time to... Read more