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Forums - Sony - Sony Q3 FY2012 - $124m loss, PS3+PS2 6.8m, PSV+PSP 2.7m

thismeintiel on 07 February 2013
M.U.G.E.N said:
Vinniegambini said:
kowenicki said:
Good old IDC.

Anyway.

(Reuters) - Sony Corp (6758.T) posted a third-quarter operating profit after a loss a year ago, supported by lower costs and proceeds from asset sales that are helping it offset weak demand for its TVs and other devices.

In the three months to December 31, Sony posted a 46.4 billion yen (316.5 million pounds) operating profit, compared with a 91.7 billion yen loss a year ago. The result was below the average 72.1 billion yen profit estimated by six analysts surveyed by Thomson Reuters I/B/E/S.

Following a 67 billion yen loss in the previous business year, Sony stuck to its full year operating profit forecast of 130 billion yen, compared with a consensus estimate of 119 billion yen of 19 analysts.

One would of thought they would of posted a profit with current exchange rates. 6 million profit on gaming division. What are your thoughts about this?

Nintendo 450 million net profit.

Well gaming division will have R&D for ps4 as well...Nintendo didn't have that issue for this quarter 

Exactly.  He'll probably ignore that, though.  Q3, and possibly Q4, are still going to contain quite a bit of R&D for the PS4, especially with only 6 months or so to go til mass production.  I'm actually stunned the profits from the PS3 and PSP (with some small profits from the Vita), were enough to keep that department in the black.  Q4 will probably look even better for Sony overall, though, with the sale of some of their buildings and if the yen situation continues to improve.

Edit: Well, I guess he didn't ignore it, lol.  Also, since ethomaz isn't in here saying it, too, I'll reiterate.  The PS3 is probably undertrackedd by ~800K, maybe more.



 

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J_Allard on 07 February 2013

Yikes @ Vita.

I guess the IDC was wrong and was including PS2. Shocked.



D-Joe on 07 February 2013
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
Troll_Whisperer said:
legend92(3) said:
PS3 has now outshipped xbox 360.
PS3 stands at 76 million (if PS2 shipped a million) - 70.5m (if PS2 shipped 500k)
Xbox 360 stands at 75.9

How do you know? All we know it that PS3 shipments reached 70m in mid-November, right? Not all those 6m are for the last 1.5 months.


70 mil by last week of October. It was reported mid Nov but reached it in last week october

Not mid Nov or late Oct

It's Nov 4


Not sure if you are serious.... You should look at a calander

http://www.joystiq.com/2012/11/16/ps3-70-million-move-15-million/

PlayStation 3 worldwide shipments reached the 70 million mark as of November 4, Sony announced today.


Still havent looked at that calander yet?

http://www.neogaf.com/forum/showthread.php?t=497431

According to NPD,last week of OCT were Oct 27,same as VGC


And according to normal people Oct 28, 29, 30, 31 is still in october. And Sony would add those days into their totals for October also,

So that's why i use single day,not which week.



http://zh-tw.justin.tv/johndoe1899

Farsala on 07 February 2013
Vinniegambini said:
Farsala said:
Vinniegambini said:
Farsala said:
Tarumon said:
Sony presents financials on a consolidated basis, meaning it shows revenue and expenses for companies as if they owned 100% , then pull out the net effect of the portions it doesn't really own. Sony the consoidated presentation was profitable, but Sony the actual company lost 10.8 billion Yen during the 3rd quarter. Hence the outlook for the year in its entirety remained the same, despite Yen depreciation.

The increase in sales for Sony came not from having actually sold more of something, but from how they incorporated Sony Mobile's sales differently this year. Whereas last year, Sony Mobile was accounted under Equity Method (pro rata share of sales reported), this year Sony is showing the whole piece. Hence the statement:
"On a pro forma basis, had Sony Mobile been fully consolidated in the same quarter of the previous fiscal year, consolidated sales would have remained essentially flat."

Sony's financial conditions in fact went downhill in this all important Holiday quarter. More Debt, Less Equity as a result of the net loss.

Yes, most of the Japanese companies are having favorable exchange rates, but still accumulating more debt and less sales. If the exchange rates all of a sudden reversed then they would not have much breathing room to make a profit.

I'm actually shocked by these results. One would of thought with current exchange rates, they would of easily posted a profit this quarter. I mean Nintendo posted 450 million net profit and Sony 115 million loss, how come? I'm at a loss of words here. Furthermore, posting a 6 million profit for the gaming division is simply disappointing and troubling. Once PS4 hits, their gaming division will post losses once more. I don't know what to take from this.

Just like Nintendo their losses from the previous Qs was brought with them. Sonys was much larger and with only 6.9% more revenue YoY the loss would be hard to overcome. The gaming division is atrocious, I am not sure if it is because of vita, or R & D PS4. They might still be able to profit FY.

R&D costs are negatively impacting their results for sure but it is a troubling thought to only profit of 6 million this quarter. Once PS4 hits, one should expect  losses. I found nothing positive in this report as Sony will profit year-end because of them selling their assets.


I do not believe we will have a positive Sony report for at least a year or two. If they can somehow make magic out of their mobile business to offset TV and sound losses then maybe. Gaming will be flat or loss, movies and music will be the same (little changes), Devices, financial services and imaging will have little effect. Only thing they got is magic with mobile sales or TV all of a sudden stops sucking (ie: 4k becomes super popular). But I do not see this happening for a year or two. Selling their buildings and foreign exchange rates help in all but it is temporary, even when they do post profit from the sales they still do not have a healthy business.



Max King of the Wild on 07 February 2013
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
Troll_Whisperer said:
legend92(3) said:
PS3 has now outshipped xbox 360.
PS3 stands at 76 million (if PS2 shipped a million) - 70.5m (if PS2 shipped 500k)
Xbox 360 stands at 75.9

How do you know? All we know it that PS3 shipments reached 70m in mid-November, right? Not all those 6m are for the last 1.5 months.


70 mil by last week of October. It was reported mid Nov but reached it in last week october

Not mid Nov or late Oct

It's Nov 4


Not sure if you are serious.... You should look at a calander

http://www.joystiq.com/2012/11/16/ps3-70-million-move-15-million/

PlayStation 3 worldwide shipments reached the 70 million mark as of November 4, Sony announced today.


Still havent looked at that calander yet?

http://www.neogaf.com/forum/showthread.php?t=497431

According to NPD,last week of OCT were Oct 27,same as VGC


And according to normal people Oct 28, 29, 30, 31 is still in october. And Sony would add those days into their totals for October also,

So that's why i use single day,not which week.

If you think 4 days of November (which the week started in October) makes that much of a difference then you have another thing coming.

Fact remains Ps3 is severly undertracked



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Vinniegambini on 07 February 2013
thismeintiel said:
M.U.G.E.N said:
Vinniegambini said:
kowenicki said:
Good old IDC.

Anyway.

(Reuters) - Sony Corp (6758.T) posted a third-quarter operating profit after a loss a year ago, supported by lower costs and proceeds from asset sales that are helping it offset weak demand for its TVs and other devices.

In the three months to December 31, Sony posted a 46.4 billion yen (316.5 million pounds) operating profit, compared with a 91.7 billion yen loss a year ago. The result was below the average 72.1 billion yen profit estimated by six analysts surveyed by Thomson Reuters I/B/E/S.

Following a 67 billion yen loss in the previous business year, Sony stuck to its full year operating profit forecast of 130 billion yen, compared with a consensus estimate of 119 billion yen of 19 analysts.

One would of thought they would of posted a profit with current exchange rates. 6 million profit on gaming division. What are your thoughts about this?

Nintendo 450 million net profit.

Well gaming division will have R&D for ps4 as well...Nintendo didn't have that issue for this quarter 

Exactly.  He'll probably ignore that, though.  Q3, and possibly Q4, are still going to contain quite a bit of R&D for the PS4, especially with only 6 months or so to go til mass production.  I'm actually stunned the profits from the PS3 and PSP (with some small profits from the Vita), were enough to keep that department in the black.  Q4 will probably look even better for Sony overall, though, with the sale of some of their buildings and if the yen situation continues to improve.

I didn't - please see my reply above. R&D will negatively impact their profits that's certain as the PS4 launch is near. Overall, Sony should profit year-end as you mentioned but because of their assets selling, nothing to boast about. NYC should reflect in Q4 and will be a better quarter, I see profit.



thismeintiel on 07 February 2013
Vinniegambini said:
thismeintiel said:
M.U.G.E.N said:

Well gaming division will have R&D for ps4 as well...Nintendo didn't have that issue for this quarter 

Exactly.  He'll probably ignore that, though.  Q3, and possibly Q4, are still going to contain quite a bit of R&D for the PS4, especially with only 6 months or so to go til mass production.  I'm actually stunned the profits from the PS3 and PSP (with some small profits from the Vita), were enough to keep that department in the black.  Q4 will probably look even better for Sony overall, though, with the sale of some of their buildings and if the yen situation continues to improve.

I didn't - please see my reply above. R&D will negatively impact their profits that's certain as the PS4 launch is near. Overall, Sony should profit year-end as you mentioned but because of their assets selling, nothing to boast about. NYC should reflect in Q4 and will be a better quarter, I see profit.

Nah, I jumped the gun a little there.  Check out my edit.  Especially the last part. 



 

Vinniegambini on 07 February 2013
thismeintiel said:
Vinniegambini said:
thismeintiel said:
M.U.G.E.N said:

Well gaming division will have R&D for ps4 as well...Nintendo didn't have that issue for this quarter 

Exactly.  He'll probably ignore that, though.  Q3, and possibly Q4, are still going to contain quite a bit of R&D for the PS4, especially with only 6 months or so to go til mass production.  I'm actually stunned the profits from the PS3 and PSP (with some small profits from the Vita), were enough to keep that department in the black.  Q4 will probably look even better for Sony overall, though, with the sale of some of their buildings and if the yen situation continues to improve.

I didn't - please see my reply above. R&D will negatively impact their profits that's certain as the PS4 launch is near. Overall, Sony should profit year-end as you mentioned but because of their assets selling, nothing to boast about. NYC should reflect in Q4 and will be a better quarter, I see profit.

Nah, I jumped the gun a little there.  Check out my edit.  Especially the last part. 

I'm glad we good

Edit: It's shipped to retailers though not sold to consumers but nonetheless good on Sony.



D-Joe on 07 February 2013
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
D-Joe said:
Max King of the Wild said:
Troll_Whisperer said:
legend92(3) said:
PS3 has now outshipped xbox 360.
PS3 stands at 76 million (if PS2 shipped a million) - 70.5m (if PS2 shipped 500k)
Xbox 360 stands at 75.9

How do you know? All we know it that PS3 shipments reached 70m in mid-November, right? Not all those 6m are for the last 1.5 months.


70 mil by last week of October. It was reported mid Nov but reached it in last week october

Not mid Nov or late Oct

It's Nov 4


Not sure if you are serious.... You should look at a calander

http://www.joystiq.com/2012/11/16/ps3-70-million-move-15-million/

PlayStation 3 worldwide shipments reached the 70 million mark as of November 4, Sony announced today.


Still havent looked at that calander yet?

http://www.neogaf.com/forum/showthread.php?t=497431

According to NPD,last week of OCT were Oct 27,same as VGC


And according to normal people Oct 28, 29, 30, 31 is still in october. And Sony would add those days into their totals for October also,

So that's why i use single day,not which week.

If you think 4 days of November (which the week started in October) makes that much of a difference then you have another thing coming.

Fact remains Ps3 is severly undertracked

Am i saying anything about how PS3 tracked from my replies?small or big difference,you and the other one still not right,that's it.

Don't overinterpret



http://zh-tw.justin.tv/johndoe1899

Max King of the Wild on 07 February 2013
thismeintiel said:
M.U.G.E.N said:
Vinniegambini said:
 

 

 

Edit: Well, I guess he didn't ignore it, lol.  Also, since ethomaz isn't in here saying it, too, I'll reiterate.  The PS3 is probably undertrackedd by ~800K, maybe more.

So what do we know? We know the ps2 declined every quarter last year. We know last year Sony shipped 900k ps2's. We know the Ps3 shipped 70 as of last week of October. and we know sony shipped 6.8mil ps2+ps3 this quarter. Best case scenario ps2 reverses trend and remains flat YoY and ships 900k. 5.9mil Ps3's this quarter. So how many in October, November, December? I'd think a 1.5/2.2/2.2 is a more than fair break down (though me personally believe it's closer to 1.3/2.3/2.3). 74.4mil Ps3's end of 2012 at the very least. So, yeah. 800k, probably more.