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

legend92(3) said:
Argh_College said:
legend92(3) said:
I am going to be optimistic and predict a very small profit. 50-200Million

how much have they lost last Q?


Not really sure, Q1/2 had losses of $150m and $350m respectivley. Then Q3 and Full year had huge losses dues to SLCD sale/ Sony Ericcson merger in Q3 and Deffered Taxes of liek $5 billion in Q4. The sale of SLCD was reported to save them 1 billion dollars a year, and with all other companys music, pictures profitable every year. I expect them to have a slight profit or a slight loss this quarter and it will grow quarter by quarter, due to cost cutting.

wow even for sony way too much



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Curious to see how much of their losses they've mitigated, heads will roll if nothing has changed.



kowenicki said:
Like I said in the other thread... If they have been cutting as savagely as it appears they have and they have managed to outsource or cease manufacturing of some of the loss making panels then they might see quite a quick turnaround.

Sony never really had a problem selling and generating revenue, they were just extremely inefficient and had very low margins. It isn't really rocket science to correct that is it.


Hopefully now that stringers gone, Kaz can reign in the losses and return to profitability. Does anyone know if sony has had a single profitable quater under Stringer?

Ms will return to profit next quarter, hopefully Nintendo and sony return by the end of this year.



legend92(3) said:
kowenicki said:
Like I said in the other thread... If they have been cutting as savagely as it appears they have and they have managed to outsource or cease manufacturing of some of the loss making panels then they might see quite a quick turnaround.

Sony never really had a problem selling and generating revenue, they were just extremely inefficient and had very low margins. It isn't really rocket science to correct that is it.


Hopefully now that stringers gone, Kaz can reign in the losses and return to profitability. Does anyone know if sony has had a single profitable quater under Stringer?

Ms will return to profit next quarter, hopefully Nintendo and sony return by the end of this year.

They had a couple, I know in 2010 they did its just they havent been able to pool a full years worth of profits or have profits in enough quarters to offset bad ones.



Didn't Sony lose like 5 billion last quarter, seems weird if they could return to profitability so quickly. I'd be satisfied with a much smaller loss.



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Sony bought gaikai this past quarter for 300 mill so thats going to eat a chunk of what ever profitability they had.

The company had many divestitures and acquisitions this quarter also so those items will need to be backed out to get a real understanding of their earnings.



legend92(3) said:


Hopefully now that stringers gone, Kaz can reign in the losses and return to profitability. Does anyone know if sony has had a single profitable quater under Stringer?

Before you make derogatory comments about Stringer, you should really inform yourself about the state Sony was in when Stringer came and the situation now. It is really embarassing to read all this unqualified nonsense about Sony/Stringer/Whoever from wannabe analysts.



Fusioncode said:

Didn't Sony lose like 5 billion last quarter, seems weird if they could return to profitability so quickly. I'd be satisfied with a much smaller loss.


$4b tax write off, Japan tsunami, Thailand flood.

I also think that may have been the quarter that they purchased Ericsson and EMI music.



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Fusioncode said:

Didn't Sony lose like 5 billion last quarter, seems weird if they could return to profitability so quickly. I'd be satisfied with a much smaller loss.


A big chunk of that 5.7 billion was from paying off future taxes, but ya that Gaikai purchase isn't going to help anything, if they actually profit (which is doubtful) then Sony should see some nice return throughout the year.



drkohler said:
legend92(3) said:


Hopefully now that stringers gone, Kaz can reign in the losses and return to profitability. Does anyone know if sony has had a single profitable quater under Stringer?

Before you make derogatory comments about Stringer, you should really inform yourself about the state Sony was in when Stringer came and the situation now. It is really embarassing to read all this unqualified nonsense about Sony/Stringer/Whoever from wannabe analysts.


That's harsher then it needed to be.

That said, stringer really did want to do a lot of cutting and consolidating.

He just didn't have the power to, being seen too much as an "Outsider" and with all the division heads against him.