Sony To Post $2 Billion+ Loss

[DonFerrari]

thismeintiel said:

DonFerrari said:

thismeintiel said:

Man, this is the first time I am hearing about this deal.  Looks like MS made a mistake trying to appease the cable companies and stick to that old model.  Of course, I'm sure they didn't want to have the extra headache when cable companies inevitably push back against this new "cable" method.  Sony, however, looks willing to face that.  They also must be seeing the writing on the wall that people like streaming their movies and TV shows at their convenience.  I read that apparently Sony is trying to come up with a ~100 channel package for their TVs and the PS4.  If they can pull it off, and it is a reasonable price, I think I'll cancel my Dish service and switch to that. 

I'm also guessing that is going into that $2B loss for the year.  And why is the loss news, anyway?  I thought Sony already reported last quarter that they expect a loss this year, mostly from restructuring from the sale of PC and the spin-off of TV?  Or is it larger than they originally said?

The problem is most of the loss isn't coming from the reestructuring but from bad sales on phones... besides being the first time ever it won't pay any dividend to shareholders.

Ah, gotcha.  That sucks.  I thought they were turning their phone division around.  I think they posted profit the last two quarters.  I guess it was only temporary.  Phones might need to be the 3rd division they let go.

They posted profit, and had record selling and have strong revenue... but their cost is still high and low to mid tier phones is a drag to them... maybe they won't need to spin or cell, but will need to seriously rethink in what invest (maybe even brand some cheap and mid tier chinese phone with PS and/or walkman capabilities/brand).