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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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Today’s top tech news

Browsing speeds on 4G handsets in some UK cities are set to accelerate as two UK operators switch on an improved version of the technology, reports BBC.co.uk. Called 4G+ by EE and 4.5G by Vodafone, the technology can offer data... Read more

Today’s top tech news

IT organisations are finding it difficult to control corporate data in the cloud, reports CloudPro.co.uk. Research, carried out by the Ponemon Institute on more than 1,800 IT and IT security professionals worldwide, found that while companies are increasingly using cloud computing... Read more

Today’s top tech news

Facebook has announced its revenues have topped $3.2bn (£2bn) in the past three months as it increased its share of the mobile advertising market, reports TheGuardian.com. The figure was a 59% increase on the same period last year and came... Read more

Today’s top tech news

Twitter has reported a doubling in sales and a 23 per cent increase in the number of active users of its micro-blogging site for the third quarter, reports BBC.co.uk. The firm said it added 13 million monthly active users between... Read more

Today’s top tech news

Pilots are demanding the UK becomes a “safe drone zone” to protect against potential risks such as remote hijacking, reports Sky.com. BALPA, the pilot’s association, wants drones to be subject to the same safety standards as traditional aircraft, including only... Read more