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Forums - Sony Discussion - Sony Q4 and FY 2011 : PS3 1.9m shipped - PSV 1.8m lifetime.

tagged. This is why you can't leave, we need financials and data straight from the kow



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Ooo0ooohh..exciting! I didnt know about this.

I expect dismal results.



Tagging. Hoping for a good PS3 sales shipment > 2.0 but don't really think it's gonna happen.



Just 2m will mean only 500k PS3 on shelves. So must likely it should be closer to 3m.



kowenicki said:

Not sure everyone is aware of the last 12 months financial shenanigans...

A year ago Sony projected a profit for this year of $963m

By Jun 2011 they revised to a loss of $1.12bn

By Feb 2012 they revised to a loss of $2.76bn

In April 2012 this was revised to a $6.4bn loss

 

Thats weird.

I believe the word your looking for is: "fail".

Apperantly they have been extremely uncapable in predicting their own revenue/profit/loss stream.



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They are doing terrible, but they are not beyond repair. The SONY brand name is still hugely powerful. The next few years will be vital...



Millenium said:
kowenicki said:

Not sure everyone is aware of the last 12 months financial shenanigans...

A year ago Sony projected a profit for this year of $963m

By Jun 2011 they revised to a loss of $1.12bn

By Feb 2012 they revised to a loss of $2.76bn

In April 2012 this was revised to a $6.4bn loss

 

Thats weird.

I believe the word your looking for is: "fail".

Apperantly they have been extremely uncapable in predicting their own revenue/profit/loss stream.

Sony has been a year away from being profitable for the past 7 years... they're due.



kowenicki said:

Not sure everyone is aware of the last 12 months financial shenanigans...

A year ago Sony projected a profit for this year of $963m

By Jun 2011 they revised to a loss of $1.12bn

By Feb 2012 they revised to a loss of $2.76bn

In April 2012 this was revised to a $6.4bn loss

 

Thats weird.

it's not weird at all, they didn't expect the yen/euro situation which effected almost all companies in Japan and no one could foresee the tsunami, and the last revision was writing off the tax credit that they lost



kowenicki said:
logic56 said:
kowenicki said:

Not sure everyone is aware of the last 12 months financial shenanigans...

A year ago Sony projected a profit for this year of $963m

By Jun 2011 they revised to a loss of $1.12bn

By Feb 2012 they revised to a loss of $2.76bn

In April 2012 this was revised to a $6.4bn loss

 

Thats weird.

it's not weird at all, they didn't expect the yen/euro situation which effected almost all companies in Japan and no one could foresee the tsunami, and the last revision was writing off the tax credit that they lost


All of these forecasts are post the Tsunami...  and the yen/dollar and yen/euro was known and actually improved from Feb 2012 to April 2012... so why did the forecast loss double in just 8 weeks.

I'm sorry, but that displays a worryingly bad handle on things....

Exactly, they just had to write a 4 billion tax credit off as a loss, the exchange rate improving is whats going to help them later, after the restructing is done, but they still have to post these losses

this isn't that hard for you kowen, c'mon man

 



logic56 said:
kowenicki said:

Not sure everyone is aware of the last 12 months financial shenanigans...

A year ago Sony projected a profit for this year of $963m

By Jun 2011 they revised to a loss of $1.12bn

By Feb 2012 they revised to a loss of $2.76bn

In April 2012 this was revised to a $6.4bn loss

 

Thats weird.

it's not weird at all, they didn't expect the yen/euro situation which effected almost all companies in Japan and no one could foresee the tsunami, and the last revision was writing off the tax credit that they lost

Dont forget the massive flooding in Thailand where Sony, and lot of Japanese offshore manufacturing is located...which S&P noted when they downgraded....Not trying to make excuses for the bad numbers but you have some extreme one off events that happened in the last year for many Japanese companies which are not going to repeat themselves.