THE NUMBERS: Sony Corp. reports a net loss of $2.1 billion in the last three months of the year. It more than doubled its projected loss for the full fiscal year, which ends in March.
THE REASONS: Weak TV sales, a strong yen and production disruptions from flooding in Thailand.
THE BIGGER PICTURE: The results are a daunting starting point for incoming CEO and President Kazuo Hirai, who at 51 will become Sony’s youngest chief executive when he takes over in April from Welsh-born Howard Stringer.