Things are, as they say, rough all over--even for Sony. According to Reuters, the Japanese electronics giant is expected to suffer a loss of $1.1 billion--the first annual operating loss in 14 years.

The loss is, at least in part, due a combination of poor sales and a stronger yen. The company's stock has suffered a big hit as well, dropping 9 percent, reducing its market value from $22 billion to $20 billion.

Last month the company began a restructuring plan, cutting 16,000 jobs, including 8,000 regular workers--that's 4 percent of its global workforce.