Grooski on 24 January 2009
| MonstaMack said: Microsoft MADE a profit last year. Sony DIDN'T. That is the key difference there. Microsoft is laying people off despite a profit because they are being cautious, do you blame them? |
No, they are laying people off because of this:
EDD Operating Profit Q2 2007 $375mill
EDD Operating Profit Q2 2008 $151mill
In the busiest quarter of the year, they have seen a 60% drop in operating profit year on year. This is worrying for them due to the coming Q3 being the slowest period of the year. Revenues will drop away sharply.
It wouldn't surprise to see the EDD show a loss come Q3, though I'd rather be in their shoes than Sony.
