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  SONY Reports Record Annual Loss of $5,7 Billion

  10 May 2012 by Jasmine Stone / No Comments

  SONY Corporation has declared an annual loss of 457 billion yen ($5,7 billion) in 2011, its fourth straight year of hemorrhaging money, and the worst in its 66-year corporate history. In spite of which, the company – which appointed a new president, Kazuo Hirai last month – is predicting return to profit by the end of 2012.

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