How Long Until Sony Goes Under?

Sony

As recently as December 2013, articles have become abundant with the news that Playstation developers, Sony, could become bankrupt within the next two years. Reports indicate the tech giant has a 78% chance of going under by 2016.

Recently more information has emerged which could showcase the beginning of this end. Earlier this month, Sony announced they will be selling their PC (personal computer) unit to combat heavy losses. They are also making plans to cut back more than 5,000 jobs, making the announcement after a net loss of £665 million was forecast for the financial year.

Playstation 4 on the rise, though

Despite the news, figures were recently published that showed sales of the Playstation 4 had doubled that of Microsoft's own new generation console, Xbox One. With the launch of Sony's own console set to be released in its home country of Japan on February 22nd 2014, sales are no doubt expected to rise even further.

Despite this, Sony are facing threats from competing companies and a decrease in PC sales globally. While they are making new plans to focus on smartphone and tablet technology, the sale of its PC division and employee cutbacks are showing signs of the conglomerate's financial troubles.