The credit crunch is still causing problems, even after almost 2 years of battering businesses across the globe.
Sony has today announced the first loss in 14 years, which was a big shock to the company. The loss was caused by the recent fall in sales of Sony equipment because of the decrease in market.
The Japanese company has reported a £685m loss (98.9 billion yen; $1.04 billion) for the year to the end of March. The company has said that they will be cutting 8,000 jobs and closing 10% of its factories.
So it looks as if the credit crunch has not finished yet. How long will it be before we finally see an increase in the market? The predictions stand that it will be another difficult year for the financial market, but we’ll have to see what happens.
Gartner has today announced that PC sales are set to fall across 2009 by 11.9% (per cent) to around 257 million units. The company has said that this is going to be “the sharpest decline in history”.
According to Gartner, the PC industry is facing extraordinary conditions due to the economic downturn. When it seemed as if PC and notebook sales were increasing rapidly in 2008, we are beginning to see how the credit crunch is affecting the PC industry.
However, Gartner have also said that they are expecting an increase in the sales of laptops and notebook – more specifically the new mini-laptops or netbooks.
So we’ll have to see what happens to sales over the course of this year, but it looks like many brands could be in trouble. I would like to hope that the rush of new technology might help ease the pain of the economic downturn on computing, but we’ll have to see what knock-on effect the downturn has this year.