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Forums - Sony Discussion - Sony stock 24 year low. "No turnaround in sight".

Lyrikalstylez said:
So how the hell are they going to have the funds to launch both vita and ps4?
I suppose if either of these fail, than Sony might have to leave the console business all together


the current SONY losses include PS4 and VITA R&D

they can get money by selling assests as they have alot of them

 

the current SONY's shit has alot to do with their long term planning,you can see by recent ericsson acquisition,ip building,qriocity,etc

also its not that much about about SONY as its about the financial crisis in EU and US

 

Ninty and MS will be in the same situation so lets hope this irresponsible debt problem in EU and US can be solved



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KillerMan said:
The problem will go away though with longer timeframe as high yen reduces the growth of Japanese economy and that leads to weaker currency. I still don't know though why Japanese goverment just wont print their way out of the problem. Not the fairest thing to do but US has done it for years so why Japan shouldn't?


cause they know that it will bite them in the arse one day in the future as it does US today

 

USA inflation since they started blind printing is abnormally high

and with the comming crisis next year,they are saving themselves



Salnax said:
You know what this means: Nintendo is domed!
d21lewis said:
Man. Things keep getting worse and worse for Nintendo.

Oh VGChartz you so crazeh



What's that Lassie?.. Nintendo is doomed??



don't waste time

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kowenicki said:
KillerMan said:
The problem will go away though with longer timeframe as high yen reduces the growth of Japanese economy and that leads to weaker currency. I still don't know though why Japanese goverment just wont print their way out of the problem. Not the fairest thing to do but US has done it for years so why Japan shouldn't?


the Japanese govt have tried that 3 times in the last 12 months....  the last time was as recenty as October.

And I think your synopsis of how it will just go away is very simplistic... there will be many casualties in the short term before the long term fix.


Well then they are fucked till EU gets its shit together. And yes my synopsis is worst case scenario how the currency will weaken to its normal levels.



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kowenicki said:

Sony stock has now dropped by pretty much 50% in the last 12 months.

Sony Falls to 24-Year Low Amid Concerns About Euro, Economy

 
By Naoko Fujimura - Nov 16, 2011 10:35 AM GMT

Sony Corp. (6758) fell to the lowest level in more than 24 years in Tokyo trading as the yen strengthened against the euro amid concern the European debt crisis is spreading.

The maker of Bravia televisions dropped 3.3 percent to close at 1,308 yen on the Tokyo Stock Exchange, the lowest level since May 1987. The Topix Electric Appliances Index, whose 154 members include Sony and Canon Inc. (7751), fell 1.2 percent and was the biggest contributor to a drop in the broader Topix index.

Sony, which this month forecast its fourth straight annual loss, led a decline among Japanese electronics stocks as the euro weakened to the lowest against the yen since Oct. 10. The Bank of Japan cut its economic assessment today as Governor Masaaki Shirakawa called the European debt crisis the biggest risk for the nation?s export-led recovery.

?The currency is another blow for Sony,? Mitsuo Shimizu, an analyst at Cosmo Securities Co. in Tokyo, said by telephone. ?An earnings recovery for Sony isn?t anywhere in sight.?

A stronger yen cuts the value of overseas income at Japanese companies when repatriated. Sony gets 21 percent of its sales from Europe.

To contact the reporter on this story: Naoko Fujimura in Tokyo at nfujimura@bloomberg.net

To contact the editor responsible for this story: Michael Tighe at mtighe4@bloomberg.net

 

 

The Japanese government recently did another round of investment to reduce the Yen but again it hasnt worked.... They dont have many other options left.

Heres an idea... could Sony become a software provider/publisher first and foremost?  Movies, Music and Games.



Stop, just STOP goddamit. The both of you.

They really need to stop selling products at a loss.



snakenobi said:
Lyrikalstylez said:
So how the hell are they going to have the funds to launch both vita and ps4?
I suppose if either of these fail, than Sony might have to leave the console business all together


the current SONY losses include PS4 and VITA R&D

they can get money by selling assests as they have alot of them

 

the current SONY's shit has alot to do with their long term planning,you can see by recent ericsson acquisition,ip building,qriocity,etc

also its not that much about about SONY as its about the financial crisis in EU and US

 

Ninty and MS will be in the same situation so lets hope this irresponsible debt problem in EU and US can be solved

Huh?? Microsoft are sitting firm and pretty, over $23b profit a year and even the gaming division is pulling its weight now, I'm not saying MS won't be impacted by world issues but stop lumping them in with Sony and Nintendo, Microsoft isn't a japanese company.



 

edit nvm



Seece said:

Huh?? Microsoft are sitting firm and pretty, over $18b profit a year and even the gaming division is pulling its weight now, I'm not saying MS won't be impacted by world issues but stop lumping them in with Sony and Nintendo, Microsoft isn't a japanese company.


if the dollar collapses and EU and USA debt problem aren't solved then MS's profits won't have much value and they won't be able to profit in the future the way they do now as

people will have no money,they will stop buying $100 windows or $60 video games.they will look to cheap alternative or free ones