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Forums - Sony - Sony drops to lowest in 25 years (Tokyo) as yen strengthens.

logic56 on 31 May 2012
theprof00 said:
kowenicki said:
Train wreck said:
I wish people would separate Japan as a whole issues and Sony specific issues. Today and the past couple weeks have been Japan specific issues as the country is very export driven and the prospect of global growth in the coming quarters are coming down and even worse with the added rise of the yen.


Just today:

Konami corp -17.54%
Namco Bandai -9.49%
square enix -4%
Capcom -6.59%
Sega Sammy -3.15%
Tecmo Koei -3.15%
Nintendo -3.07%

 

hmmm, ok... well the OP did that to extent , did you read it properly?

BUT there is simply no getting away from this....

Nikkei 225 over 5 yrs DOWN 50%

Sony over 5 yrs DOWN 80%

 

Also.. why are you comparing companies with very, very narrow interests with Sony Corp?  apples and oranges.

While your OP did "to an extent", it would have been nice to see the drop in context. Without this context, the article comes off very sensationalist.

I know I know, it's "just the facts" and "they should have done something to prevent this" etc etc, but from an objective standpoint, when I read the article in itself, it really comes off poorly for Sony. Upon the inclusion of market numbers, it seems like more of a market wide drop.

In that difference alone, criticism on the focus of the article is entirely justified.

Toshiba is down 3.2%, Panasonic is down 4.5%, fujitsu 3%, hitachi 4.88%

So even your "also" above, calling the references "apples and oranges" is just another detour.

 

What do you do again for work? Shouldn't you be at it right now? Surely your economics expertise and ability to spin should be going towards something a little more fruitful than posting negative articles about Sony.

well said



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logic56 on 31 May 2012
kowenicki said:
theprof00 said:
man, Sony cannot catch a break


people cant keep putting this down to bad luck....

so it's Sony fault the shit economic situation in Europe and America is screwing over business all over the world, especially hitting hard those who are mainly exporters

 



logic56 on 31 May 2012
kowenicki said:

your late... we have already had this discussion.

and the detour and deflection was all his...the article was about a record low for Sony, how is a relative comparison needed? but if it makes you happy.

in the last month:

Sony down 19%

Hitachi down 8%

Toshiba down 8%

Panasonic down 13%

Sharp down 10%

Fujitsu down 12%

in the last year:

Sony down 50%

Hitachi down 0.19%

Toshiba down 29%

Panasonic down 44%

Sharp down 45%

Fujitsu down 17%

 

so yeah... it is performing relatively badly, its possibly the worst perfromer of its peers.

 

Anyway, whats your take on how their FY forecast (made just two months ago) will look come the end of the 1st quarter June 30th?  better? worse? unchanged? 

split between worse and unchanged

but for the same reasons as thier last loss, things that they cannot directly control



ils411 on 31 May 2012

thats because no VITA Phone! Listen to me Sony! I WANT A VITA PHONE!!! I'd buy it for $300-$400!!!! VITA PHONE!!!!!!!!

think about it, how cheap would it be to add a phone function? parts are cheap ass! then charge $350-$400, i'd still buy that shit! market it as a phone fools! android and psn and vita integration then go for max hardware profitabiltiy! VITA PHONE!!!!!!



tonymarraffa on 31 May 2012

The Vita is an excellent handheld but a phone? NGage tried that and it was just a bulky mess. What it really needs is more "system sellers".



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Dodece on 31 May 2012

@logic56

Sony is a multinational corporation, and while it cannot directly control currency fluctuations it can control its own exposure to them. Sony has the capacity to relocate its enterprise. Either whole or in part to regions with a more advantageous exchange rate. There are probably numerous reasons as to why they would choose not to do so, but it doesn't change the fact that they are at the mercy of these rates of their own volition.



http://live.xbox.com/member/Dodece

logic56 on 01 June 2012
Dodece said:
@logic56

Sony is a multinational corporation, and while it cannot directly control currency fluctuations it can control its own exposure to them. Sony has the capacity to relocate its enterprise. Either whole or in part to regions with a more advantageous exchange rate. There are probably numerous reasons as to why they would choose not to do so, but it doesn't change the fact that they are at the mercy of these rates of their own volition.

no they are not, the whole of Japan is at the mercry of these rates, Sony is hit harder becasue they are bigger, simple as that

and the company as a whole is in the resturcing process, and that doesn't happen overnight



small44 on 01 June 2012

Worst idea ever sony can't compete with Samsung and Apple.



PS4 - over 100 millions let's say 120m
Xbox One - 70m
Wii U - 25m

Vita - 15m if it will not get Final Fantasy Kingdoms Heart and Monster Hunter 20m otherwise
3DS - 80m

Nsanity on 04 June 2012

IGN

On the eve of Sony’s much-awaited PlayStation-centric press conference at E3 2012 comes some stunning news: Sony’s stock fell below 1,000 Yen (or $12.79) for the first time since 1984 during trading in Japan on Monday.

CNBC Tweeted the ominous news, noting the information in a brief “Market Flash.” Reuters expanded upon the news, stating that although Sony’s stock did indeed fall below the 1,000 Yen threshold, it “eased 1.3 percent” to bring it back up to 1,000 Yen before trading ended.

Bad news has been flowing about Sony’s financial health all year. Its credit and debt ratings were downgraded in February on the heels of a massive quarterly loss. Such a financial reality caused Sony to outline new plans for the future while planning to layoff 10,000 workers. The maelstrom of bad news caused the New York Times to declare that Sony is in the fight of its life.

Although the PlayStation brand is considered healthy, poor sales of the PSP’s successor, the PlayStation Vita, have called into question how to measure the new handheld’s success. Meanwhile, the financial downturn Sony has encountered forced the company to shutter two of its 15 fully-owned development studios in 2012, a historic move considering Sony only shuttered one of its development houses total since PlayStation premiered in Japan in 1994. BigBig Studios, the UK-based studio responsible for the Pursuit Force franchise on PSP and Little Deviants on Vita, closed in early January. Soon thereafter, Zipper Interactive, the American developer best-known for the SOCOM franchise, as well as MAG and Unit 13, was also closed.

Whether or not Sony’s announcements at E3 help bring the stock price back up or not remains to be seen, though investors will certainly be watching the company’s plans concerning its valuable PlayStation brand eagerly to see what’s in store.

http://ie.ign.com/articles/2012/06/04/sonys-stock-falls-to-lowest-level-since-1984