Sony Corp. financials are down the drain. The once mighty empire reported a record annual loss of 457 billion yen ($5.7 billion) in its fourth straight year of red ink. Panasonic’s yearly earnings are in as well and the red ink added up to a record $9.7 billion net loss for 2011. The losses are not just due to dwindling sales but a combination of strong yen eating into overseas sales, flooding in Thailand that disrupted supply chains, and the lingering effects from the March 11 earthquake and tsunami. A thorough assessment after the break.

The PlayStation Network was seeing signs of revival across the World, but now we have come across another hurdle. A schoolboy mistake at that. Consider this, Sony allowed users to reset passwords for their accounts using their email addresses and birthdate, the pieces of information that are already available to the hackers from the previous exploit. Read on for the full report.

Sony’s woes aren’t ending anytime soon. After the PSN hack came to the forefront, the investigation into that breach has brought up even more terrifying news. Sony Online Entertainment (SOE) servers were hacked about two weeks ago with 24.6 million accounts compromised and 12,700 credit card numbers stolen. Keep reading for Sony’s “Official” press release.

Sony’s Kaz Hirai finally apologized for the mess that has become the PSN outage, after a hack on their server. Sony confirmed that some 10 Million customers were affected by the breach, but they did not confirm credit card data info being stolen by saying they did not have information on that yet. Keep reading for the whole story and the press release.

Its now official, Sony has killed of the PSP Go. The digital only portable is now no more in production. Sony is likely to continue providing support for it, much like it supported the PS2 even after the PS3 went on sale.

Sony CEO Sir Howard Stringer let slip that his company is producing cameras for the next batch of iPhones and iPads during a public interview with the Wall Street Journal. Apple has previously sourced its sensors from OmniVision, including the backside-illuminated 5 megapixel CMOS unit in the iPhone 4. Sony too has BSI tech and your next portable Apple device might house a Sony Exmor R sensor like the one on the Xperia Arc.

Following the reveal of Sony’s Next Generation Portable (NGP), successor to the Playstation Portable (PSP), at the 2011 Playstation Meet in Tokyo, there has been a steady trickle of information regarding its specs, its launch titles and more. However, there are still quite a few key questions that need to be answered before we get down to evaluating the real prowess of the handheld console.

This is not a list that’s made up of questions that portray the NGP as a wholesome portable entertainment and productivity center (think smartphone), but one that we, as gamers, need answers for.

Sony has figured out how to replace the 22-wire ribbon inside their mobile devices-the one that carries control signals, video, and audio data-with a single copper cable, capable of 940Mbps transmission.

The new single wire cable will be most useful in mobile devices with movable parts, allowing for more flexible and durable designs. In addition to carrying control, audio, and video data, the same copper cable can also supply DC power. Sony says they’ll be “swift” in their implementation of the new technology, we may be looking forward to more crazy flip phones in the future.