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Noel_Kreiss on 02 August 2012
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Fusioncode said:
Noel_Kreiss said:
And unfortunately, despite my thoughts of the company returning to profitability this quarter, it posted at 316 million loss.... http://abcnews.go.com/Technology/wireStory/sonys-loss-grows-sales-recovery-16910421. Maybe people should concentrate more on Sony, than the usual Nintendo is doomed moto. To be honest, I'm quite saddened by this news.

Damn, hoped for a much smaller loss. What went wrong this time?


Well, though the gaming lost minimal amounts, its mobile division was just horrendous, it lost alot of money because of that. Sony should really condense, they are really too scattered accross the board... :( Time to sell those shares if anyone has any, I don't see anything positive from their report indicating otherwise :S. It's really a sad day for the gaming market in general, Take-Two posts over 100 million loss this quarter, Sony and Nintendo both post negative earnings, EA losses 135 million this quarter; it's really bad. Only a handful are able to gather profits (Capcom, Sega most recently, Square Enix comes to mind). Though, to Nintendo's credit, it will most likely post positive earnings in this quarter as they are building momentum and the 3DS XL is sold at a profit and 3DS is no longer sold at a loss but at a manufacturing cost.