Breaking News: Sony to post massive $1.7 billion loss

[BengaBenga]

BenVTrigger said:

ymeaga1n said:

BenVTrigger said:

ymeaga1n said:

Sony 2008 Q1 = $330 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q1_sony.pdf )

Sony 2008 Q2 = $200 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q2_sony.pdf )

 

ah thank you. Like i said i wasn't sure. So that means that they lost that much money in only 2 quarters? cause thats kinda insane.

No. They're year is over at end of March. It was just the end of their Q3 on Dec 31. What they are saying is they are forecasting that they will lose $1.7 billion when the books close on March 31. It could even be worse than $1.7 billion at that point. Seeing how companies take optimistic approach, this might be likely.

(http://www.sony.net/SonyInfo/IR/financial/fr/08revision2_sony.pdf <~~ See the -150 billion yen figure under the revised forecast?)

 

 

right I get that but what i'm asking is if they posted a profit in Q1 and Q2 of this year then wouldn't all their losses have to come from Q3 and Q4?

 

Yes, obviously. April 1st - September 30th: $530 million profit
Estimated loss: $1.7 billion

So October 1st - March 31st: $2.23 billion loss

 

Fishy: I can't find the figures quick, but you're saying that the $300 million SCE lowered expectation comes ON TOP of the $300 million lowered estimate from October?

The expectation was likely to be profitable, even just barely, so we might be looking at a loss at SCE of $500 million or 30% of Sony total loss! Wow. I expect massive cuts at SCE if true.