Sony Q1 numbers: 24.6 Billion yen loss (314 million dollars), cuts yearly forcasts

[Train wreck]

kowenicki said:

found this in the accounts: FY forecast:

Game

Primarily due to the lowering of the annual unit sales forecast for portable hardware, sales are expected to be
significantly lower than the May forecast. Due to the above-mentioned decrease in sales and the impact of
unfavorable exchange rates, operating income is expected to be significantly below the May forecast. Sales are
expected to be essentially flat and operating income is expected to decrease significantly year-on-year.

 

So they expect no change ion revenue in come but a massive drop in any operaring income and as a result any potential profits.

Makes sense with the upcoming ps3 and vita price drops, the volume sold will be higher but since they are selling for less, less operating income.