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Forums - Sony - Macroaxis: Sony Has 79% Chance of Going Bankrupt in the Next 2 Years

Sony are in strife, lets face it. 79% in 2 years though is just a number plucked from the cloud..... Gaikai.



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Kasz216 said:
ninetailschris said:
Kasz216 said:
ninetailschris said:
Asdrendeluxe said:
gooch_destroyer said:
ninetailschris said:

 

 

 

 

Problem is.  Japan is like America.  You can't just fire people because you are losing money.

Japan's "Employment for Life" culture and laws makes it REALLY hard to let people go.

Closing the department might cost them more because then they'll owe on their salaries and pensions and have no work for those employees to do... and bring in no revenue.


Could they move them over to different markets by expand other markets? 

By the way I heard the employment for life has been decreasing year by year. I could swear I read that from associate press.


Define move them over to different markets and expand by other markets.  You mean, transfer employees to different parts of the company?

Probably... but not sure what having a bunch of TV engineers over in the entertainment section will acomplish. 

As for it decreasing year by year....

It has been... because companies have been going bankrupt in Japan... and Japanese workers have jumped ship from companies that seem to only be servicing debt when they got better options elsewhere and newer companies are relaxing hiring contracts.

None of that really applies to Sony.


You pretty much either need to stay pat, and hope your profitable or offer expensive buyouts like so

http://news.cnet.com/8301-1001_3-57616386-92/sony-troubles-persist-factories-said-to-be-target-of-staff-cuts/

and as an example of how hard it is to offload assets when your troubled for cash...

http://www.reuters.com/article/2013/12/29/us-sony-batteries-idUSBRE9BS00O20131229

Ah I see now. The best idea would be trying moving there business overseas but them being in Japan means I can't see that happening. Well I guess there just going to have deal with losing millions or try change the laws to protect business over employers. Japan in debt and laws like this make there not thinking about the future. No wonder the Koreans are passing them by.



"Excuse me sir, I see you have a weapon. Why don't you put it down and let's settle this like gentlemen"  ~ max

ninetailschris said:


Define move them over to different markets and expand by other markets.  You mean, transfer employees to different parts of the company?

Probably... but not sure what having a bunch of TV engineers over in the entertainment section will acomplish. 

As for it decreasing year by year....

It has been... because companies have been going bankrupt in Japan... and Japanese workers have jumped ship from companies that seem to only be servicing debt when they got better options elsewhere and newer companies are relaxing hiring contracts.

None of that really applies to Sony.


You pretty much either need to stay pat, and hope your profitable or offer expensive buyouts like so

http://news.cnet.com/8301-1001_3-57616386-92/sony-troubles-persist-factories-said-to-be-target-of-staff-cuts/

and as an example of how hard it is to offload assets when your troubled for cash...

http://www.reuters.com/article/2013/12/29/us-sony-batteries-idUSBRE9BS00O20131229

Ah I see now. The best idea would be trying moving there business overseas but them being in Japan means I can't see that happening. Well I guess there just going to have deal with losing millions or try change the laws to protect business over employers. Japan in debt and laws like this make there not thinking about the future. No wonder the Koreans are passing them by.

Yep.  Abenomics is trying to loosen employment laws, but it's unknown if he will succeed since that is the most controversial part of his plan.

Meanwhile he wants loan rates to rise to kill zombie companies.

 

If they don't get the first, but the second happens or it's just timed unfortunitly...  Sony could be in some real trouble.

 



Bwahahaha... according to the same site, Nintendo has a 22% chance of going bankrupt.

That's right folks, the company with more than 7 billion cash reserve has a 1/5 chance of going bankrupt by 2015.




Nem said:
I'm pretty sure they are making lots of money on the PS3 this year.
Dunno if the Vita is profitable or not. They certainly didnt lose money on it in the past years since they never cut the price until last summer so i find it very difficult to believe. If they are losing money now, it certainly isnt that much cause Sony isnt exactly investing like crazy on the Vita ever since it launched.


Maybe for the year, but they haven't come close to recovering the developing costs becasue the PS3 the first 3 or 4 years losing money on every unit sold, and its only since like 2010 or so that they actually ring a little profit from each unti sold. 

As for Vita, the price was only cut in Japan, so maybe they make a small profit off each unit sold there, but not in the rest of the world.



 

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Aielyn said:
irstupid said:
Learn how to read statistics before you comment.

If my company has a 20% chance of failing and yours has a 50% of failing.  Your chance of failing can be read as 150% higher than mine.

That doesn't mean you are at 170%.  Your number is just 150% or 2.5x higher than my number.

I have a PhD in Mathematics. I know all about statistics. The statistics there are meaningless. If your company has a 20% chance of failing and mine has a 50% chance of failing, then my company has a 30% higher chance of failing. That's how probability works. You can say that you have a 2.5x greater chance, but you can't say 150% higher chance.

More importantly, as I pointed out, it can't be 120% lower chance, because that would make a negative chance, either way. They probably intended it to be read as "the chance of the other thing is 120% higher", but nobody with any understanding of mathematics and statistics would use the "120% lower chance".

This. And actually even high school maths studied decently should be enough to tell that "120% lower chance" was utter crap, it would be in every case in which a quantity can't be negative, not just statistics.



Stwike him, Centuwion. Stwike him vewy wuffly! (Pontius Pilate, "Life of Brian")
A fart without stink is like a sky without stars.
TGS, Third Grade Shooter: brand new genre invented by Kevin Butler exclusively for Natal WiiToo Kinect. PEW! PEW-PEW-PEW! 
 


Alby_da_Wolf said:
This. And actually even high school maths studied decently should be enough to tell that "120% lower chance" was utter crap, it would be in every case in which a quantity can't be negative, not just statistics.

Even if the quantity can be negative, you wouldn't use the phrase "120% lower" or equivalents. If someone is reversing at 20 km/h, and another is going forwards at 100 km/h, you wouldn't say that the first person is going 120% slower.



Devil_Survivor said:
Nem said:
I'm pretty sure they are making lots of money on the PS3 this year.
Dunno if the Vita is profitable or not. They certainly didnt lose money on it in the past years since they never cut the price until last summer so i find it very difficult to believe. If they are losing money now, it certainly isnt that much cause Sony isnt exactly investing like crazy on the Vita ever since it launched.


Maybe for the year, but they haven't come close to recovering the developing costs becasue the PS3 the first 3 or 4 years losing money on every unit sold, and its only since like 2010 or so that they actually ring a little profit from each unti sold. 

As for Vita, the price was only cut in Japan, so maybe they make a small profit off each unit sold there, but not in the rest of the world.


This isn´t correct. The official price is 169€ in Europe for a PSV(Wifi)+8GB card with 8 games download bundle. A regular PSV(Wifi) without any accessories was 250€ at launch in 2012.



Aielyn said:
Alby_da_Wolf said:
This. And actually even high school maths studied decently should be enough to tell that "120% lower chance" was utter crap, it would be in every case in which a quantity can't be negative, not just statistics.

Even if the quantity can be negative, you wouldn't use the phrase "120% lower" or equivalents. If someone is reversing at 20 km/h, and another is going forwards at 100 km/h, you wouldn't say that the first person is going 120% slower.

Oh, this too, I just looked at the wrong quantity case without even considering how wrong it could sound using it like that in any case.



Stwike him, Centuwion. Stwike him vewy wuffly! (Pontius Pilate, "Life of Brian")
A fart without stink is like a sky without stars.
TGS, Third Grade Shooter: brand new genre invented by Kevin Butler exclusively for Natal WiiToo Kinect. PEW! PEW-PEW-PEW! 
 


If I was a betting man, I would absolutely bet everything on the 21% that it doesn't go bankrupt within 2 years.