Breaking News: Sony to post massive $1.7 billion loss

[tuoyo]

NJ5 said:

 

Spankey said:

And what exactly do they mean by "Competition" in Economy and Competition"? Does it mean not selling as many units as anticipated?

Yes, it means that not only is the recession lowering sales, competition is also stronger than they expected.

 

Good thing they aren't competing with the Wii otherwise the forcast could have been even worse.

I think to have gotten to this position Sony must have made many huge mistakes at manager level.  It's a huge pity those who are going to suffer the most for those decisions are the staff lower down the chain who would be losing their jobs due to decisions they weren't a part of.