Sony warns of $1bn loss, citing Thai floods

Sony has warned that it will make a $1.2bn loss this year, having previously forecast a $0.8bn profit for the year to March.

Reasons for the change include “slowing demand for consumer electronics”, the strong yen, and the floods in Thailand that have disrupted parts supplies.

It says something about the accelerating impact of climate change when relatively short term floods are being cited as one of the three reasons for a $1bn loss.

(Sony is also reducing its presence in loss-making television manufacture, after severe pressure from lower cost producers in Taiwan and South Korea.)

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