So Sony lost 98.9 billion yen ($1.04bn, £685m) in the year to the end of March 2009, its first annual loss in 14 years. Back in January they were predicting a 150 billion yen loss.

Sales were down 12.9% year on year and Sony are making 8,000 redundancies from it’s 185,000 employees and is closing a tenth of its factories.

As I have said on here, Howard Stringer seems to have a grip on what needs to be done. But for me the biggest problem seems to be the walls built up between the different divisions.