M$ layoff 5,000 and Sony loss correction

[NJ5]

godemperor said:

NJ5 said:

@Hyruken: No, that's wrong. We don't know yet what the gaming divison's losses will be.

What we do know is, for Sony as a whole:

Operating income forecast = -2.9 billion
Net income forecast = -1.7 billion

 

oh, well any one know the difference between the two? not the just the obvious gap of 1.2 billion?

 

Net income is Operating Income + Non-Operating Income - Income Taxes.

Taxes are probably negative in this case due to write-downs of inventory, so Sony gets a tax refund. Don't quote me on this part though as I'm not sure.