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Vinniegambini on 07 February 2013
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kowenicki said:
Vinniegambini said:
kowenicki said:

The shipments thing will take some sorting out... if we ever can. Sony ain't playing ball for some reason.

On the financials...

Pretty bad. I was expecting much better. As were analysts. No idea how the market reacts to this?  I expect probably quite neutral about it for now.

Nothing in their financial report has proven to me that they are on the road of a recovery. Furthermore, Sony will post a profit for year-end based on them selling their assets - It's still a money losing business. I expect a miminum drop off of 3% tomorrow you?

Well... It might take a while for this to sink in. 

The problem may be stored up for later as sony are maintainin gtheir forecast on profits, even though they have reduced their forecast for unit sales in almost every area.  So if sony are still predicting a profit and they dont make one, even after selling of assets (buildings), then the headlines will murder them come April and the shares will tank all over again.  

But yes the underlying fundamentals are still broken.  More selling off and shrinking required.

Also, playstation doesnt look anywhere near as attractive as a standalone business any more.

Correct. Net profit was 6 million for the gaming division this quarter, not something to boast about; though the ongoing costs for RD did negatively impact their results. Once the PS4 hits, I expect negative returns.

The only positives I saw from this report were their financial business, arguably their most prominent and profitable division. Nonetheless, how can one post such results as Nintendo and Panasonic posts profits because of the weaker yen? There is something wrong in regards to their spending habits.