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Forums - Microsoft Discussion - Microsoft lost more money this quarter than Sony

LudicrousSpeed on 22 July 2015

No, we get your point. It's right there in the OP. Your challenge to the notion was just very weak. This was a write off in a quarter where otherwise, MS would have had almost 5 billion in profit as far as I can tell.



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Angelv577 on 22 July 2015
endimion said:

Just to be clear a write off is not a loss.... Just sayin... Comparing Sony and MS on a financial level is quite irrelevant... MS is financially a Behemoth next to Sony...

Why is not a loss?



Soundwave on 23 July 2015

Good for Sony for getting the Playstation (console side anyway) back on track, but lets be honest ... they are smaaaaall potatoes compared to MS.

Sony are the guy who gambles on the regular tables in Vegas, Microsoft is the guy in the private V.I.P. area with the wallet to back it up with.



thx1139 on 23 July 2015

MSFT really taking a beating this month.

Open July 1 - $44.45

Close July 23 - $46.11



Its libraries that sell systems not a single game.

nanarchy on 23 July 2015
thx1139 said:

MSFT really taking a beating this month.

Open July 1 - $44.45

Close July 23 - $46.11


Yep as I previously mentioned it was obvious it was just the usual market over reaction on the word loss without looking at real numbers. 2 days later the price is almost back to where they were as investors looked at the actual numbers. A lot of people preying on emotional traders would have made a fortune on MS in the last 3 days.



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darkenergy on 23 July 2015

Looks like the OP jump to conclusion too early LOL, but I hope Microsoft's stock goes up to $58 like it was back in 1999.



Proud to be a Californian.

darkenergy on 23 July 2015
Captain_Yuri said:
I can already tell this is going to be a fun thread! Tagged


Did you find the thread fun?



Proud to be a Californian.

Baalzamon on 23 July 2015
Landguy said:
Imaginedvl said:
First... it is a "write off" not a loss :)
And comparing Microsoft to Sony in any way on the financial stand point is literally comparing oranges and apples...


Agree with you.  Not sure how people could read the results and come to such innacurate conclusions as most have.  MS did not lose any $$$.  THey devlued an assett.  Simple as that.  3-4 years from now, they could do it again or value up parts of it in their reporting.  Nothing unusual about it.

Just to set the record straight for those here who clearly have no clue what writing off goodwill is. It most certainly IS a loss. Microsoft paid X billion dollars for Nokia, and a good portion of the acquisition went to the balance sheet account 'goodwill'. Now, Microsoft is saying that this balance sheet account, which they paid X billion dollars for, isn't actually worth X minus 7.4 billion dollars. In other words, $7.4 billion of money actually spent by Microsoft is worth absolutely nothing.

 

As a general rule, if you have no clue how GAAP accounting works (mandatory for SEC filings), you should probably avoid saying that a loss reported in GAAP isn't a true loss.



Money can't buy happiness. Just video games, which make me happy.

Jizz_Beard_thePirate on 23 July 2015
darkenergy said:
Captain_Yuri said:
I can already tell this is going to be a fun thread! Tagged


Did you find the thread fun?

Kind of but this thread is way more fun

http://gamrconnect.vgchartz.com/thread.php?id=206244



                  

PC Specs: CPU: 7800X3D || GPU: Strix 4090 || RAM: 32GB DDR5 6000 || Main SSD: WD 2TB SN850

Sharpryno on 23 July 2015
Sticky said:
People here are missing my point entirely lol

Apparently write-offs dont count if they're from MS but they do from Sony.


Btw the stock slid because of slowing cloud growth

Dang, take a business course or something.  Again, they exceeded Revenue expectations by A LOT.  Do you understand why this happened?  I am assuming no, because you made this pointless thread.