Sony Q2 FY2011 Earnings (PS3 3.7m / PSP 1.7m / PS2 1.2m)

Lafiel

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Lafiel on 03 November 2011

kowenicki said:

Having said that I think all sony and PS3 fans should be concerned about the parent company struggling.

I rather play games then being concerned with struggling companies. Other than buying their stuff I can't influence them anyway.

SOLIDSNAKE08

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SOLIDSNAKE08 on 03 November 2011

Lafiel said:

kowenicki said:

Having said that I think all sony and PS3 fans should be concerned about the parent company struggling.

I rather play games then being concerned with struggling companies. Other than buying their stuff I can't influence them anyway.

that was a ridiculous post by him. always tryna take a dig when he can. like we should give a fuck about sonys financial business. lol when they're pumping out games like U3, i think sony will be fine.

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gamelover2000 on 03 November 2011

kowenicki said:

gamelover2000 said:

kowenicki said:

thismeintiel said:

kowenicki said:

SOLIDSNAKE08 said:
sony have been bleeding money for years now and they're still here! get over it people!!

Sony Corp profit/loss history:

1996: Profit

1997: Profit

1998: Profit

1999: Profit

2000: Profit

2001: Profit

2002: Profit

2003: Profit

2004: Profit

2005: Profit

2006: Profit

2007: Profit

2008: Profit (record profits)

2009: Loss

2010: Loss

So its actually a relatively recent phenomenon and they had record profits as recently as 2008.

Thankfully, Sony, unlike their "fans", realise that they need to do something different.

They are cutting deep, restructuring and trying a different way. They understand that a lot of their business practices and models no longer work.

I highly doubt any fan would disagree that they need to do something different. However, the last couple years that has nothing to do with the PS3, something this website focusses on. It's mainly their lower LCD TV and laptop sales, coupled with a horrible exchange rate for the dollar and euro against the yen, that is the reason for the losses.

Well , to be honest... yes and no. But this is a thread about Sony financials and the poster said that Sony have been making losses for years, I was just clarifying.

Having said that I think all sony and PS3 fans should be concerned about the parent company struggling.

Sony is in no way struggling. Believe it or not but a billion dollars to these companies means far from going bankrupt. They own SO much money.

Sony is already pushing trough hard restructuring in most of their divisions (splitting up the TV division in 3 parts and closing the one that's bleeding money), they bought out Ericcson for 1.4 billion USD (no money??).

Sony has restructured in 2008 and it was for the better (playstation division at the time) I think this restructure will also be good for the company.

Having cash at hand or not is actually largely irrelevant. There is much, much more to it than that.

Are you aware of their debt situation? do you fully understand curreny risk? do you understand why and hpow they are restructuring whole sections of their business? Do you know their profit margin?

I suggest some reading up.

I'm not really tracking everything down but if you are suggesting Sony is anywhere near bankrupty you are deluded.

It's Economy 101 that when a corporation is in trouble you see massive job cuts and not them buying out divisions for billions of dollars. Yes Sony is making losses at the moment and they are clearly doing their best to fix them. In the mean time Sony has alot of amazing products close to release (Vita, Kindle and the new Vaio line) and the losses are already much less significant then they were.

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ethomaz on 03 November 2011

Some good numbers... (more adjustments coming???).

HARDWARE
	Shipped	Sold (VGC)	On Shelves
PlayStation 3	55.5	53.98	1.52
PlayStation 2	153.5	144.11	9.39
PlayStation Portable	73.0	70.36	2.64
SOFTWARE
PlayStation 3	501.6	422.72	78.88
PlayStation 2	1,533.5	n/a
PlayStation Portable	312.3	237.37	74.94