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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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The Queen’s speech has been praised for providing certainty on data protection, reports ComputerWeekly.com. The government has promised a new data protection law aimed at incorporating the EU General Data Protection Regulation – a significant move highlighting the UK’s intention... Read more

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A declining number of children are taking computer sciences courses potentially highlighting a further skills gap to come, reports TheInquirer.net. Despite an overall increase to the number of children attending exams, the number of those failing has also increased.

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Google face a fine of €1bn or more over an EU anti-trust investigation into Google Shopping, reports Computing.co.uk. The fine could reportedly exceed the €1.09bn levied against Intel in 2009. The EC believes Google promotes its own services at the... Read more

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Retailers have been urged to change their approach to demand forecasting to achieve optimal fulfilment performance, reports ComputerWeekly.com. The use of insights into supply chain management can now help retailers forecast “at the granular level”, looking at “how consumers will buy,... Read more

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One in ten new jobs in the UK are now in the technology industry, reports BusinessTimes.com. Expertise in artificial intelligence and data science are two of the primary drives behind the shift, but filling the positions is proving difficult.