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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

Microsoft’s profits have fallen by more than 10% in the three months to the end of December, reports BBC.co.uk.The software giant reported a net income of $5.86bn, down 10.6% on the same quarter in 2013. Microsoft was helped by strong sales of... Read more

Today’s top tech news

Malaysia Airlines has confirmed its site has been compromised by hackers but said its customers’ bookings and data is unaffected, reports BBC.co.uk. The airline is still recovering from two disasters; the disappearance of MH370 and shooting down of MH17. This morning, the... Read more

Today’s top tech news

Mobile network Three is set to acquire its rival O2 for more than £10bn in a deal which consumer groups fear could increase prices for phone calls and internet access, reports TheGuardian.com. Hong Kong tycoon Li Ka-shing is set to... Read more

Today’s top tech news

Microsoft has launched Windows 10, which it hopes will make up for the negative reaction to its last major release, reports Independent.co.uk. The new upgrade will be free for users on Windows 8.1 and free for those on Windows 7... Read more

Today’s top tech news

The UK government is the most open and transparent in the world, reports BBC.co.uk. However, web inventor Tim Berners-Lee, whose organisation compiled the table, says the country has “a long way to go” before it has a fully open government.... Read more