Aura7541 on 17 September 2014
| Arkaign said: Well here is a great link that explains things pretty well. It's not nearly as dire as some are making it out to be, essentially it's just more honesty in their failures to bring the phone division to a successful one, and they are making moves to streamline that business by not bringing out so many models. Obviously it's not GREAT news by any stretch either. BloomBerg is a serious financial group, and they don't mention even the possibility of Sony going under (and that was frequently mentioned during far worse years previously over the last decade). http://www.bloomberg.com/news/2014-09-17/sony-forecasts-wider-full-year-loss-on-smartphone-competition.html |
I read Bloomberg's article, too, and it's among the more levelheaded articles I've read about Sony's financial situation. While Sony's smartphones are great, Sony is biting off more than it can chew. At this point, Sony should just release their phones in markets where they can make profits.
Also, interesting quote by Yasuo Sakuma courtesy of Reuters:
"Whether they cut their forecast four, five or six times it doesn't really matter. What's more important for the market is whether this (restructuring) will put an end to their problems as they've said it will," said Yasuo Sakuma, portfolio manager at Bayview Asset Management in Tokyo.
http://www.reuters.com/article/2014/09/17/us-sony-outlook-idUSKBN0HC0EC20140917
