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The Sony saga, Amazon’s adventures and the banking challenge
Sony announced on Thursday it’s reduced its
loss forecast for the full year after good sales, notably for its PlayStation
console, helped it beat analyst estimates for its latest quarter. It’s to unveil
a new strategy on February 19th and tech expert, Stuart Miles, says tells
us there are already signs of what’s to come. The results were
preliminary as Sony has filed for an extension to its deadline for filing Q3
earnings, because it could not yet compile accurate figures for its Hollywood
studio following a notorious cyber-attack late last year. Sony said the
incident did not have a material impact on its finances.
Stuart also looks at how retailers may be driving Amazon towards setting up stores for customers to collect their online-bought packages. A media report this week said Amazon was looking at acquiring some RadioShack stores as the electronics chain files for bankruptcy.
Stuart looks at how tech continues to shake up one industry after another. Video and TV on demand has seriously challenged traditional broadcasters, and now Google and Apple look set to challenge how financial institutions by getting into the money transfer game.
03:26 minutes
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