Fact is Sony are a complete financial wreck and verging on bankruptcy and will likely not see out the PS4's lifespan . This is not some blip, it is a decade long spiral.
Sony’s Market Cap Value on September 2000: $100 billion
Sony’s Market Cap Value on January 2014; $17 billion
Net Income 2009; 1,052.10 million LOSS
Net Income 2010; 434.00 million LOSS
Net Income 2011; 2,761.70 million LOSS
Net Income 2012; 4,858.50 million LOSS
Wanna guess how Sony are doing this year? The good news Sony actually made a profit 2013 Q1 of the 0.43 billion bad news is they did by selling assests not by being a proftable company.
Here's how they have done it:
-Higher ups not receiving their bonuses
-$1.1 billion for NY HQ
-$1.2 billion for Tokyo HQ
-$437 million for DeNA
-$730 million for chemical products business
-$935 million for LCD Venture Stake to Samsung
-Shutdown Liverpool Studio, eg WipEout
-Shutdown Zipper Interactive, eg MAG, SOCOM.
-Shutdown New Jersey Manufacturing Plant After 50 Years
-Fired 10,000's from across the board
Its basically another year of losing $5 billion+ hidden behind one time sell offs to appease their investors. Or it would have been exactly like last year;
Now back to bad news, 2013 Q2 $197 million LOSS
Kaz just lost Sony practically the entire Japanese smart phone market.
http://www.bloomberg.com/news/2013-11-28/apple-won-76-of-japan-smartphone-sales-in-october-kantar-says.html
Sony cuts full-year outlook; quarterly loss widens
http://www.marketwatch.com/story/sony-cuts-full-year-outlook-quarterly-loss-widens-2013-10-31
Sony Playstation division records losses as it buries PS Vita sales numbers (2012)
http://www.examiner.com/article/sony-playstation-division-records-losses-as-it-buries-ps-vita-sales-numbers
Sony bracing for biggest annual loss in a decade (2012)
http://www.eurogamer.net/articles/2012-04-10-sony-bracing-for-biggest-annual-loss-in-a-decade
Junk Status Outlook Negative
http://www.reuters.com/article/2013/11/20/fitch-affirms-sony-at-bb-with-negative-o-idUSFit67734820131120
Sony slashes profit outlook with TV business back in red
http://www.reuters.com/article/2013/10/31/us-sony-earnings-idUSBRE99U06320131031
Sony Shares Drop 11% on Poor Earnings
http://online.wsj.com/news/articles/SB10001424052702304073204579168833679539814
Sony Loses $2.2 Billion in Market Value After Forecast Cut
http://www.bloomberg.com/news/2013-11-01/sony-loses-2-2-billion-in-market-value-after-hirai-forecast-cut.html
Sony lowers profit forecast dramatically after movie loss piles on the misery
http://www.theguardian.com/technology/2013/oct/31/sony-lowers-profit-forecast-white-house-down
Sony Cuts Profit Forecast as Film, TV Division Posts Loss
http://variety.com/2013/biz/news/sony-cuts-profit-forecast-as-pictures-slip-into-loss-1200780631/
Sony lowers profit forecast dramatically after movie loss piles on the misery
http://www.theguardian.com/technology/2013/oct/31/sony-lowers-profit-forecast-white-house-down
Sony Cuts Profit Forecast as Film, TV Division Posts Loss
http://variety.com/2013/biz/news/sony-cuts-profit-forecast-as-pictures-slip-into-loss-1200780631/
