ParisLemon

The company lost $3.2 billion in the last quarter to close out their fiscal year $5.7 billion in the red.

It was the fifth straight quarter that the company has failed to make (well really, keep) a dime. Worse, it was the fourth straight year the company has lost money overall.

And this year was the worst in the company’s 66-year history. Ouch.

In the coming year, they project to turn a (small) profit once again. We’ll see… Something not in their favor:

In November of last year, Sony projected that the total loss for the fiscal year would come in around $1 billion. In February, after a disastrous quarter, they changed the estimate to $2.9 billion.

The actual number ended up just about double that.

Sony clearly thought they could right the ship. But they have not. They lost more last quarter than they were projecting just three months ago that they would lose for the whole year.

Could have been worse though — could have been the $6.5 billion yearly loss the company warned about a few weeks ago. Some bright side.