benji232 on 07 February 2014
| Wagram said: The 1.1b loss on paper looks bad (what you all are calling doom/gloom) but what they are doing is financially beneficial. If they don't cut their losses with Vaio now, or restructure the TV business they will lose MORE than the 1.1b. This is why Sonys shares have been raising, think of the long term rather than the short term. |
It is very bad no matter HOW you want to spin it. Not only did they sell a few buildings THIS fiscal year which got them a couple B$, they are still posting a loss. This means that had they not sold those buildings, they would have lost another 3-4B$+!
I apologize, but you just can't spin a 1.1B$ loss into positive news. Especially when they sold a few of their buildings in FY2013.
Predictions for LT console sales:
PS4: 120M
XB1: 70M
WiiU: 14M
3DS: 60M
Vita: 13M
