Sony: "40 Million PS4's Shipped As Of March 31"

[Teeqoz]

kowenicki said:

Teeqoz said:

I'm wondering, could game development be considered R&D? I mean... it's development....

But when you exclude items, I'd say this is pretty good performance YoY imo. Also I think right about now would be a good time to buy SNE. I think when the forecast releases, its stock is gonna rise (wether it *should* rise or not is a different question). Yen seems to be strengthening, and the weak yen has really hit Sony hard in the last year due to a lot of dollar-denominated costs. Will be fun in a few weeks to see if I'm right! Although I'm holding SNE with a horizon of a few years rather than short term, so for me it doesn't change too much.

Not quite that simple.  Some segments benefit from the yen and others suffer.

Overall, sales and revenue are actually down more on a constant currency basis.  In other words, as a group Sony did better due to the current Yen rate.

Sales and revenue down about 1% YOY, but that translates to being down 4% on constant currency basis.

And I'd expect SNE to drop today after these results (where is the growth?) and the interest rate decision in Japan.  I could be wrong.

Yeah, but all in all, the weak yen has been massively detrimental to Sony's business. Net impact is something like 1 billion to the operating income.

EDIT: For the record, I don't expect the stock to be up on these news, the result wasn't really good compared to expectations (nor was it really bad, it was just lukewarm). However I think the forecast when it's released will surprise investors and drive the stock upwards, at least temporarily.