Sony cutting Smartphone target again? already? Loeb sells all Sony stock.

[DonFerrari]

thismeintiel said:

DonFerrari said:
Selling less units isn't bad if they sell the ones giving better margin and cut the bad ones...

And so long Loeb, won't see him complaining about silly things everytime.

Hear, hear.  The truth is, he was only looking to make a quick buck off of his stock when/if Sony spun off the movie division.  He didn't care about the well being of Sony and its employees.  Glad I won't have to see several threads opened anymore about his BS statements each month. It's also good to see that Sony's stock actually closed slightly up today, even with this news/rumor.

Sony just needs to continue to trim the fat on divisions that cause them losses.  They already started this with the TV spinoff and PC division sale, so I hope they do continue.  Though, I can understand the mistake of investing into their phones too much.  For a little while there it seemed they had it turned around, even posted a few quarters of profit.  Just need to be more cautious in the future.  Just focus on Insurance, PS4, Cameras, Phones (but not too much, and position yourself to drop it if things continue going south), Movies, Music, and TV (shows, not actual units.) 

It will be interesting to see next quarter's numbers after the Xmas sales boost.  Especially, from the gaming division.

Yes western vultures that cares only about profit, the faster the better... never gave them much attention. Some of what he said had some sense in them, but usually not in the way he was saying.

Maybe they didn't even had to cut the division, but shrink it the much possible and keep few models that would involve low R&D and could profit from being premium with low unit sales. But spinoff is good (and I don't care about Vaio... I change notebook every 2-3 years and preffer to pay less for the performance so never bought... but TVs and Phones I like and on TV I change much less so I don't mind paying little premium and on Phones it is about the same price as Iphone and Samsung and better than the others so it is good).