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Forums - Sony - Sony Q1 numbers: 24.6 Billion yen loss (314 million dollars), cuts yearly forcasts

SunofKratos said:
Good numbers when you imagine that Sony already bought gakai and a Musik Label for over 2 B dollars.


Sometimes I wonder what Sony has to do to make their own fans say something like "I don't think this looks healthy..."

Sony reports more than 300 million USD loss for the past 3 months, 6 billion for the financial year, the stock prices crashes 11% in one day, since Kaz became CEO the stock price fell 40%, they are lowering their forecasts, moody cuts their credit rating, the Yen is killing them and they kill 10.000 jobs. All of this happened in the past 8 months.

The reaction you see on gaming forums is like "oh, good to see Sony is doing fine."

It really amazes me.



Imagine not having GamePass on your console...

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I am not saying Sony is doing fine but i expectet a bigger lose when they spend so much money on bying gakaii and
that musik label emi ( i think it was called so). So buying those things and make proft is almost impossible.



I can't shake the impression that Sony corp is sliding down a slope, and they don't have a clue how to stop sliding.

Sony might have 1 year or even less to pull itself out of the downfall. Kaz better start working some magic.



In the wilderness we go alone with our new knowledge and strength.

DirtyP2002 said:
SunofKratos said:
Good numbers when you imagine that Sony already bought gakai and a Musik Label for over 2 B dollars.


Sometimes I wonder what Sony has to do to make their own fans say something like "I don't think this looks healthy..."

Sony reports more than 300 million USD loss for the past 3 months, 6 billion for the financial year, the stock prices crashes 11% in one day, since Kaz became CEO the stock price fell 40%, they are lowering their forecasts, moody cuts their credit rating, the Yen is killing them and they kill 10.000 jobs. All of this happened in the past 8 months.

The reaction you see on gaming forums is like "oh, good to see Sony is doing fine."

It really amazes me.


I'm under the impression that you don't read the posts or know who the fans are. Probably over reacting to any form of positive about the company. Every can see the numbers, they've seen the numbers for a while now, they know it doesn't look healthy. How about you stop trying to rub it in, hmm?



Before the PS3 everyone was nice to me :(

zumnupy10 said:
TWRoO said:
zumnupy10 said:
Euphoria14 said:
TWRoO said:
zumnupy10 said:

US$ 24 billion dollar loss ? is that right ?

I'm pretty sure the $45m loss was caused by PSV sales.

I find hard to believe that PS3 is still being sold at loss.

Where does it say that

He is assuming the total loss is $24b US dollars, so he probably thinks PS3 is still being sold at a big time loss.

Misleading titles can have that effect.

The person who wrote the title of this article changed it

It was US$24billion before.

I was just asking if the title was right.

I was asking where the "PS3 still being sold at loss" came from, as that can't be concluded simply from the $45 million Game division loss (which is mostly likely caused by Vita being sold at a loss)

Understood now.

But I said, i don't believe PS3 was the cause of this loss.

And I agree with you.

This $45m has to be caused by PSV poor sales.

No way the PS3 is still being sold at loss.

I think you read the statement wrong. It's not selling for a loss, in fact I don't think any of their hardware is. HW sales are down YoY even though PS3 (and apparently PS2) is selling well compared to the competition. Sony's game division has expenses and they hope to make more revenue from HW and SW sales to turn a profit. They make projections for sales and they budget out expenses. While I find evidence that Vita is selling at a profit, it has not been selling very well and its introduction has also stalled PSP sales (essentially PSP + Vita are selling around what PSP was). These lack of sales cut into the revenue for the division and they were unable to make up their expenses. 



Before the PS3 everyone was nice to me :(

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Chark said:
zumnupy10 said:
TWRoO said:
zumnupy10 said:
Euphoria14 said:
TWRoO said:
zumnupy10 said:

US$ 24 billion dollar loss ? is that right ?

I'm pretty sure the $45m loss was caused by PSV sales.

I find hard to believe that PS3 is still being sold at loss.

Where does it say that

He is assuming the total loss is $24b US dollars, so he probably thinks PS3 is still being sold at a big time loss.

Misleading titles can have that effect.

The person who wrote the title of this article changed it

It was US$24billion before.

I was just asking if the title was right.

I was asking where the "PS3 still being sold at loss" came from, as that can't be concluded simply from the $45 million Game division loss (which is mostly likely caused by Vita being sold at a loss)

Understood now.

But I said, i don't believe PS3 was the cause of this loss.

And I agree with you.

This $45m has to be caused by PSV poor sales.

No way the PS3 is still being sold at loss.

I think you read the statement wrong. It's not selling for a loss, in fact I don't think any of their hardware is. HW sales are down YoY even though PS3 (and apparently PS2) is selling well compared to the competition. Sony's game division has expenses and they hope to make more revenue from HW and SW sales to turn a profit. They make projections for sales and they budget out expenses. While I find evidence that Vita is selling at a profit, it has not been selling very well and its introduction has also stalled PSP sales (essentially PSP + Vita are selling around what PSP was). These lack of sales cut into the revenue for the division and they were unable to make up their expenses. 

Back in 2006/7 most Sony execs (and fans) would've killed for 'only' a $45 million loss on a new playstation hardware launch



Chark said:
DirtyP2002 said:
SunofKratos said:
Good numbers when you imagine that Sony already bought gakai and a Musik Label for over 2 B dollars.


Sometimes I wonder what Sony has to do to make their own fans say something like "I don't think this looks healthy..."

Sony reports more than 300 million USD loss for the past 3 months, 6 billion for the financial year, the stock prices crashes 11% in one day, since Kaz became CEO the stock price fell 40%, they are lowering their forecasts, moody cuts their credit rating, the Yen is killing them and they kill 10.000 jobs. All of this happened in the past 8 months.

The reaction you see on gaming forums is like "oh, good to see Sony is doing fine."

It really amazes me.


I'm under the impression that you don't read the posts or know who the fans are. Probably over reacting to any form of positive about the company. Every can see the numbers, they've seen the numbers for a while now, they know it doesn't look healthy. How about you stop trying to rub it in, hmm?

It is just that some fans are in denial and now I am the bad guy who rubs it in. Whatever makes you sleep at night.



Imagine not having GamePass on your console...

DirtyP2002 said:
Chark said:
DirtyP2002 said:
SunofKratos said:
Good numbers when you imagine that Sony already bought gakai and a Musik Label for over 2 B dollars.


Sometimes I wonder what Sony has to do to make their own fans say something like "I don't think this looks healthy..."

Sony reports more than 300 million USD loss for the past 3 months, 6 billion for the financial year, the stock prices crashes 11% in one day, since Kaz became CEO the stock price fell 40%, they are lowering their forecasts, moody cuts their credit rating, the Yen is killing them and they kill 10.000 jobs. All of this happened in the past 8 months.

The reaction you see on gaming forums is like "oh, good to see Sony is doing fine."

It really amazes me.


I'm under the impression that you don't read the posts or know who the fans are. Probably over reacting to any form of positive about the company. Every can see the numbers, they've seen the numbers for a while now, they know it doesn't look healthy. How about you stop trying to rub it in, hmm?

It is just that some fans are in denial and now I am the bad guy who rubs it in. Whatever makes you sleep at night.

denial of what that? that the numbers aren't great, I don't think anyone here thinks the numbers aren't great, it's more of a matter of how much they care, which to say the least is none.

we know Sony isn't going anywhere nor is this effecting their business as far as we are concerned so what's there to be upset about.....the losses, they've been losing money since this gen began and still provided the best gaming experience on any console so why the hell should we care? No sir the problem here is your,s being upset that fans aren't upset is one of the most pathetic things I have ever seen in my entire life. did them losing all this money stop them from being the largest music publisher in the world, or stop the Vita from being any less an amazing handheld, or the ps3 from selling and receiving tons of games??......nope

tell you what. when Sony posting losses means anything outside of kowen being able to a make a fucking tread in the Sony section every other week we'll care until then yeah see this pocket full of fucks and how none of them are given, it's going to stay that way buddy.

playing Gravity Rush and Wipeout 2048, with Assassins Creed, Call of Duty, and Soul Sacrifice on the horizon for my Vita, possible new model ps3 with even more new ips for my home console experience later, all to enjoy on my 55in Samsung HDTV! don't worry sweetheart I'm sleeping just fine

 



logic56 said:
DirtyP2002 said:
Chark said:
DirtyP2002 said:
SunofKratos said:
Good numbers when you imagine that Sony already bought gakai and a Musik Label for over 2 B dollars.


Sometimes I wonder what Sony has to do to make their own fans say something like "I don't think this looks healthy..."

Sony reports more than 300 million USD loss for the past 3 months, 6 billion for the financial year, the stock prices crashes 11% in one day, since Kaz became CEO the stock price fell 40%, they are lowering their forecasts, moody cuts their credit rating, the Yen is killing them and they kill 10.000 jobs. All of this happened in the past 8 months.

The reaction you see on gaming forums is like "oh, good to see Sony is doing fine."

It really amazes me.


I'm under the impression that you don't read the posts or know who the fans are. Probably over reacting to any form of positive about the company. Every can see the numbers, they've seen the numbers for a while now, they know it doesn't look healthy. How about you stop trying to rub it in, hmm?

It is just that some fans are in denial and now I am the bad guy who rubs it in. Whatever makes you sleep at night.

1)

denial of what that? that the numbers aren't great, I don't think anyone here thinks the numbers aren't great, it's more of a matter of how much they care, which to say the least is none.

2)

we know Sony isn't going anywhere nor is this effecting their business as far as we are concerned so what's there to be upset about.....the losses, they've been losing money since this gen began and still provided the best gaming experience on any console so why the hell should we care? No sir the problem here is your,s being upset that fans aren't upset is one of the most pathetic things I have ever seen in my entire life. did them losing all this money stop them from being the largest music publisher in the world, or stop the Vita from being any less an amazing handheld, or the ps3 from selling and receiving tons of games??......nope

3)

tell you what. when Sony posting losses means anything outside of kowen being able to a make a fucking tread in the Sony section every other week we'll care until then yeah see this pocket full of fucks and how none of them are given, it's going to stay that way buddy.

4)

playing Gravity Rush and Wipeout 2048, with Assassins Creed, Call of Duty, and Soul Sacrifice on the horizon for my Vita, possible new model ps3 with even more new ips for my home console experience later, all to enjoy on my 55in Samsung HDTV! don't worry sweetheart I'm sleeping just fine

 


1)

Look at the post I responded to... I was just quoting someone saying the numbers are good, which is wrong. He came up with wrong reasons as well (Gaikai, EMI) and if you don't care, why the hell are you in this thread anyway?

2)

You have got to be kidding saying "this won't affect their business as far as we are concerned." It affects Sony and the future of Playstation. Again this "Sony is not going anywhere" bullshit. Is Sony immortal or something? They are a business and bleeding money for 4 or 5 years in a row now. And the "best gaming experience on any plattform" is a matter of taste. I prefer the 360, so?
I am not upset that others aren't upset, you got me wrong. Again I was quoting a guy saying these are good numbers and I listed some of the things that happened this year. And again you go "does this stop the Vita from being any less an amazing handheld?" No the Vita (hardware) is good, the specs are decent, but do you think Sony will ever release a Vita 2 with a similar approach? No, because the Vita is losing money and sells terrible. So it DOES affect you. Same for the PS4. After the PS3 lost so much money as you pointed out correctly, do you think Sony will just go and make the PS4 just like they made the PS3? Nope. Does this affect you or Sony's fans / active userbase? Yes it does. As early as next year probably.

3)

U mad bro?

4)

I am playing my first Fitness game ever - Your shape 2012 (thanks to my girlfriend), and will soon start to finally play Left 4 Dead 2 with a friend of mine. I am looking forward to Halo 4, Tomb Raider, Resident Evil 6, Splinter Cell: Blacklist and Gears of War: Judgement. I play on my 46" Samsung HDTV and my Bose Soundsystem, which is absolutely amazing. Maybe I will play on my 40" Samsung HDTV in my bedroom as well. I didn't know that was part of the discussion though.



Imagine not having GamePass on your console...

DirtyP2002 said:
Chark said:
DirtyP2002 said:
SunofKratos said:
Good numbers when you imagine that Sony already bought gakai and a Musik Label for over 2 B dollars.


Sometimes I wonder what Sony has to do to make their own fans say something like "I don't think this looks healthy..."

Sony reports more than 300 million USD loss for the past 3 months, 6 billion for the financial year, the stock prices crashes 11% in one day, since Kaz became CEO the stock price fell 40%, they are lowering their forecasts, moody cuts their credit rating, the Yen is killing them and they kill 10.000 jobs. All of this happened in the past 8 months.

The reaction you see on gaming forums is like "oh, good to see Sony is doing fine."

It really amazes me.


I'm under the impression that you don't read the posts or know who the fans are. Probably over reacting to any form of positive about the company. Every can see the numbers, they've seen the numbers for a while now, they know it doesn't look healthy. How about you stop trying to rub it in, hmm?

It is just that some fans are in denial and now I am the bad guy who rubs it in. Whatever makes you sleep at night.

 

Well aside from that rant logic56 just made, despite having valid points regarding the gaming division not being much affected, I don't know of anyone seeing these numbers and actually denying them. 
If you are referring to SonOfKratos he made a very reasonable assumption that Sony made two large purchases recently without knowing that theywere part of a different quarter. 
If you are referring to threads like Turkish's that is talking about Sony's gaming division making a profit last year, that doesn't show denail and honestly a thread like that is the ideal sales thread on this site since it is posting the profits/losses of a gaming company. Just because it's positive doesn't mean these people don't think Sony's losses aren't there. 
Are you referring to people that analyze Sony's situation and find potential for rebound and a favorable future? Those people are talking about the potential Sony has to turn around under the new leadership and the large changes they are making in the company. Sony is a large corporation with potentially great technologies on the horizon. It is not denial to point out these possibilities. If you consider a turn around unlikely that's fine, but it does not make everyone else wrong or in denial. 
If this seems like I'm making wide assumptions about you it is because of what you've given me to work with. You come off as this from what you are posting, so it makes it seem like you are rubbing it it. Perhaps if you had some real examples of denial being an issue you would have some ground to stand on.


Before the PS3 everyone was nice to me :(