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Sony (NYSE: SNE) posted a record $5.7 billion net loss, though counters the news of poor performance by forecasting a solid rebound of $2.3 billion for the coming year.
The Japanese electronics giant says that to meet the optimistic figure it will slash costs, strategically revamp its business, and engage in new partnerships and alliances. Sony also expects its gaming, smartphone and movie sectors to aid in growth.
Down 12% so far this year, Sony shares hit a 25-year low this week. This is in stark contrast to its competitors like Samsung and Apple (Nasdaq: AAPL) – both have shown stellar market performance in 2012, with shares up 26% and 40%, respectively.