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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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Twitter, one of the world’s largest social media sites, has reported its slowest quarterly sales growth in three years, reports BBC.co.uk. Revenue for Q2 2016 was up 20 per cent to $602m, compared to the equivalent 2015 quarter which saw... Read more

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BT’s Openreach division has avoided a complete breakup following an Ofcom review, and instead has been ordered to become a distinct company within the BT group, reports BBC.co.uk. In a statement, Ofcom said its plans would ensure the most independence... Read more

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Mobile broadband is now cheaper than wired connections for 95 per cent of the global population, reports TheRegister.co.uk. This comes from the 2016 edition of The International Telecommunication Union’s (ITU) ‘Facts and Figures’ report on technology adoption. Notably, in the... Read more

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The latest Crime Survey of England and Wales from the Office for National Statistics (ONS) revealed that nearly six million fraud and cybercrime offences are being committed a year, reports TechWeekEurope.co.uk. The report estimated a total of 5.8 million fraud... Read more

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Google is using artificial intelligence to reduce the amount of energy it uses to cool its data centres, reports Telegraph.co.uk. The energy consumed at the centres could account for as much as 2 per cent of the world’s total greenhouse... Read more