DamnTastic said:
This is also possible! |
I'm not so sure.
While the likely dominance of the PS4 hasn't been fully priced in... a LOT of Sony's stock gain recently has just been on the assumption that they will benefit from a successful Abenomics plan.
Meanwhile, abenomics seems to be having some issues in that the companies that have made tons of money off of it... are just hanging on to their cash reserves.
Sony meanwhile... is still in debt... and it's structural reforms seem to be slow going. The most noteable being the cancelation of the OLED TV product line and the selling of Gracenote... for like 100 Million or so less then they paid for it. (Which was like $200 million) so they haven't exactly cut that much fat.
Sony isn't quite a Zombie firm, it does have a lot of debt... and one of the things Abenomics plans to do is to let zombie firms fail by allowing lending rates to increase.
If this hits before Sony hits year round profitability that could greatly increase costs.
Sony is very much a gamble right now.