The company had previously said it would lose $1.4 billion in its fiscal year ended March 31, but it has now revised that number down to 126 billion yen.
You've not seen a weather forecast like this.
More layoffs announced for mobile division, seen by Sony leadership as a key to the company's turnaround efforts.
The company had planned to ship 50 million smartphones this year, but that figure has been falling and will drop even more, according to Bloomberg.
The next iPhone will pack in new features such as Force Touch, but also beef up the memory, processor and camera, says KGI Securities analyst Ming-Chi Kuo.
Emerging markets are still showing interest in new tablets, but that isn't enough to sustain IDC's prior forecast for this year.
Executives shelved the idea of a branded ultra-high-definition TV because the features weren't considered compelling enough, according to the Wall Street Journal.
Stronger demand for business PCs has delivered better-than-expected second-quarter sales for Intel.
The carrier expects to add a net 800,000 post-paid subscribers as customers flock to its Next smartphone payment plan.
Apple needs help generating more demand for its tablet. A new series of ads aims to convince people why the iPad is still worth buying.