bonkers555 said:
CGI-Quality said: To be honest, 891 million to a company like Sony isn't as bad as it sounds, especially considering the PS3 hardware itself is apparently profiting at this point. Things are looking WAY up for Sony, and with the D-listing of the PS2 from NPD, I imagine all focus will now go to PSP and the PS3. |
Are you kidding? In this economy any company losing 891 million US dollars is bad. Good spin though.
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Thing is, the company didnt go 900m in the red. That section of the company did due to investments that they see profitable down the line. Just a small segment of the company did those numbers, while they as a whole saw profit.
"Analysts on average expect Sony to post an operating profit of 209.3 billion yen for the year to March 2011. StarMine SmartEstimates, which predict earnings by putting more weight on the recent forecasts of top-rated analysts, put the number five percent higher at 219.9 billion yen.
For the year just ended, Sony expects an operating profit of 32 billion yen ($350 million), up from its previous estimate of a loss of 30 billion yen. This was partly due to a recovery at its cellphone joint venture[...]"
And for them to expect a 209-220 billion yen for this coming year, as to the 32 billion yen this past year. Id say CGI is correct in his statement that "Sony is looking WAY up". So it's not a spin afterall.