Nikkei: Sony expected to post $1.12 billion loss

[Spankey]

Hyruken said:

Spankey said:

Hyruken said:
Didn't they predict a $2Billion PROFIT or something? It will be interesting to see the numbers because as mentioned Sony could of been telling some pretty big lies last year to try and improve consumer confidence in their products.

 

no company is allowed to lie on their profit forecast. not even the mafia.

 

 I mean with some news leaks. Like the one saying it cost over $50 to make a PS3 now and breaking even is not far away. Little things like that to make the market feel more confident that the company is over the bad times. If you get what i mean.

 

Yeah, I get what you mean.

But Sony didn't lie on that forecast, they based it on the current situation at the time, and what they can reasonably expect to see over the period. This is subject to audit and is very common business practice.

The company i work for has several times over the last quarter needed to revise their forecast downward. If thats considered fraud then just about every single company that does worse than their forecasts - or even better for that matter - would be in deep legal shit.