Sony reassesses its predictions for the year - quadruples its expected losses

Sony has revised its results forecast for the fiscal year and it's not pretty. The company now predicts a $1.7 billion (¥180 billion) in losses, which is 4 times the amount it predicted in its last assessment, back in July.



The predicted losses come from the company's Mobile Communications segment's Mid-Range Plan (MRP). Apparently, while the tech world is impressed with Sony's flagship Z series, its low- and mid-class phones are generally lost in obscurity.



The MRP's initial goal was to achieve a sales growth, however, it seems that didn't work out as planned. Sony now says it has ...



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