The quarter for Sony was the best the company could have hoped for given last years massive US accounting changed that cost them 3 billion. Most of their business posted stable earnings and slightly down revenues with massive improvements coming in their TV business and more red ink in their cell phone business as they try to compete. The asset sales appear to be one offs as with the improving currency situation, improving/stabilizing world economy, cost cutting, reduced models and more level playing field against its Korean counterparts should help in their balance sheet repair
Sony's financials for next year are only guesstimates/projects and Sony is basing on a yen level in the 80s and the yen just broke 101.5 dollar yesterday and 132 euro yen.
They are projecting 7 billion dollars in extra revenue from the PS4 and cell phones and for the most part, The stock has double and is on a roll
...haters continue.
Existing User Log In
New User Registration
Register for a free account to gain full access to the VGChartz Network and join our thriving community.
