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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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Robots ‘have created 261,000 new jobs’ in the US automotive sector, reports Computing.co.uk. According to the Statistical Department of the International Federation of Robotics (IFR), the US automotive industry installed 17,600 industrial robots in 2016, with the number of jobs... Read more

Today’s top tech news

Driverless cars are set to be trialed on UK motorways in 2019, reports BBC.co.uk. This follows plans unveiled by a consortium of British companies, the Driven group, which plans to try out a fleet of vehicles between London and Oxford.

Today’s top tech news

More than one in 10 CISOs reported that their organisation suffered a significant breach within the past three years, reports CBROnline.com. A new survey of 300 CISOs found that more than 80 per cent believe data breaches in their company... Read more

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Free, easy-to-use hacking tools are helping young people slip into a life of cyber crime, reports BBC.co.uk. According to a report from the National Crime Agency, the average age of those interviewed and arrested was 17, with mentors, role models... Read more

Today’s top tech news

The UK is the capital of Europe for fintech unicorns, reports Telegraph.co.uk. This follows figures showing the UK boasts more billion-dollar fintech companies than the rest of Europe put together, with a combined value of $18.5bn. Globally, fintech investment grew... Read more