Sony Restructuring Saving $3 Billion

[NJ5]

JEDE3 said:

NJ5 said:

Taz! said:

NJ5 said:
They lost $1.7 billion in the last quarter... you do the math.

Im guessing then that without these saving measures, Sony really would of went bankrupt, literally....

These savings are for the fiscal year which just started, they don't affect last quarter's numbers.

 

Didn't whatever they do save them yearly? I think it was the merging the suppliers together saves them like 1 billion yearly or something.

Read the quote:

"save over JPY 300 billion ($3 billion) in cost reductions in fiscal 2009"

They may have saved some last year in other cost reductions, but the $3 billion refers to the difference between fiscal 2009 expenses and fiscal 2008 expenses.

In other words, if the business environment remained the same this year, Sony would lose a total $3.8 billion in the current fiscal year.

($1.7 * 4 - $3 = $3.8)