Sharp president Miko Katayama is set to step down after a record loss forecast of $3.5 billion for 2011.
Sony has published the results for the third quarter of its 2011 fiscal year, detailing significant losses. The headline figures in the report are an operating loss of $1.2 billion and a net loss of $2 billion on revenue of $23.37 billion, the latter translating to a 17.4 percent year-on-year decrease.
Sony's plan to make the PS3 more popular seems to have worked, except it's still apparently making a loss on every console it sells.
A perfect storm of global economic recession, aging hardware and currency fluctuations is battering Sony, causing it to post its first loss in over a decade.
Google reported revenues of $5.51 billion for the quarter ended March 31, 2009, an increase of 6% compared to the first quarter of 2008 and a decrease of 3% compared to the fourth quarter of 2008.