Sony FY 2008 Q2 Results – Analysis – SONY BLEEDING – LOOKING BAD

[NJ5]

MikeB said:
Sony still generated a profit, HDTV sales and profits were up, some HDTV sales may be attributed to the PS3 which is an excellent HD gaming console as well as an excellent Blu-Ray player.

I think Sony will be able to weather through the current economic crisis without really major problems this year.

Considering they're probably about to lose 10-20% of their cash reserves in a single holiday quarter when they're supposed to have their biggest profits, I'd say that's a major problem right there.

In a business as usual scenario under the current conditions they could run out of cash in one or two years. That's before even accounting for lower sales due to the recession. Sony will have to do big changes unless the dollar/euro recover.