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Forums - Sony - SONY downgraded again to Junk by Moody's (outlook stable).

binary solo on 27 January 2014

So basically Sony needs a Jobsian sort of resurrection. Trouble is there's no one like Jobs out there who can make Sony cool again. Playstation is the only thing that's got any sort of cool factor to it, but it's only cool to the gamer geek market. So basically Sony is phucked.



“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell

"When the power of love overcomes the love of power, the world will know peace."

Jimi Hendrix

 

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Muffin31190 on 27 January 2014

Goin after them while everyone is asleep Smooth man very smooth :P



Mr Puggsly on 27 January 2014
jlmurph2 said:
Mr Puggsly said:
jlmurph2 said:
Mr Puggsly said:
I think Infamous will take care of all these money problems.


Needz moar frames 


Not enough tflops.


Needz moar GDDR's 


Maybe they'll port it to a more powerful machine and let us play it on the cloud.

Unlimited GDDRs and tflops! 4k and 240 fps confirmed.



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Ashadian on 27 January 2014
Wanderlei said:

Fact is Sony are a complete financial wreck and verging on bankruptcy and will likely not see out the PS4's lifespan . This is not some blip, it is a decade long spiral.

Sony’s Market Cap Value on September 2000: $100 billion

Sony’s Market Cap Value on January 2014; $17 billion

Net Income 2009; 1,052.10 million LOSS

Net Income 2010; 434.00 million LOSS

Net Income 2011; 2,761.70 million LOSS

Net Income 2012; 4,858.50 million LOSS

Wanna guess how Sony are doing this year? The good news Sony actually made a profit 2013 Q1 of the 0.43 billion bad news is they did by selling assests not by being a proftable company.

Here's how they have done it:

-Higher ups not receiving their bonuses
-$1.1 billion for NY HQ
-$1.2 billion for Tokyo HQ
-$437 million for DeNA
-$730 million for chemical products business
-$935 million for LCD Venture Stake to Samsung
-Shutdown Liverpool Studio, eg WipEout
-Shutdown Zipper Interactive, eg MAG, SOCOM.
-Shutdown New Jersey Manufacturing Plant After 50 Years
-Fired 10,000's from across the board

Its basically another year of losing $5 billion+ hidden behind one time sell offs to appease their investors. Or it would have been exactly like last year;

Now back to bad news, 2013 Q2 $197 million LOSS



Kaz just lost Sony practically the entire Japanese smart phone market.
http://www.bloomberg.com/news/2013-11-28/apple-won-76-of-japan-smartphone-sales-in-october-kantar-says.html

Sony cuts full-year outlook; quarterly loss widens
http://www.marketwatch.com/story/sony-cuts-full-year-outlook-quarterly-loss-widens-2013-10-31

Sony Playstation division records losses as it buries PS Vita sales numbers (2012)
http://www.examiner.com/article/sony-playstation-division-records-losses-as-it-buries-ps-vita-sales-numbers

Sony bracing for biggest annual loss in a decade (2012)
http://www.eurogamer.net/articles/2012-04-10-sony-bracing-for-biggest-annual-loss-in-a-decade

Junk Status Outlook Negative
http://www.reuters.com/article/2013/11/20/fitch-affirms-sony-at-bb-with-negative-o-idUSFit67734820131120

Sony slashes profit outlook with TV business back in red
http://www.reuters.com/article/2013/10/31/us-sony-earnings-idUSBRE99U06320131031

Sony Shares Drop 11% on Poor Earnings
http://online.wsj.com/news/articles/SB10001424052702304073204579168833679539814

Sony Loses $2.2 Billion in Market Value After Forecast Cut
http://www.bloomberg.com/news/2013-11-01/sony-loses-2-2-billion-in-market-value-after-hirai-forecast-cut.html

Sony lowers profit forecast dramatically after movie loss piles on the misery
http://www.theguardian.com/technology/2013/oct/31/sony-lowers-profit-forecast-white-house-down

Sony Cuts Profit Forecast as Film, TV Division Posts Loss
http://variety.com/2013/biz/news/sony-cuts-profit-forecast-as-pictures-slip-into-loss-1200780631/


Sony lowers profit forecast dramatically after movie loss piles on the misery
http://www.theguardian.com/technology/2013/oct/31/sony-lowers-profit-forecast-white-house-down

Sony Cuts Profit Forecast as Film, TV Division Posts Loss
http://variety.com/2013/biz/news/sony-cuts-profit-forecast-as-pictures-slip-into-loss-1200780631/

If Sony were going under then it would have happened a long time ago. They need to get rid of the TV's if they can't make a profit on them. Movies/Music is fine, same goes for Playstation. Mobile is growing and could be a cash cow.



jlmurph2 on 27 January 2014
Mr Puggsly said:
jlmurph2 said:
Mr Puggsly said:
jlmurph2 said:
Mr Puggsly said:
I think Infamous will take care of all these money problems.


Needz moar frames 


Not enough tflops.


Needz moar GDDR's 


Maybe they'll port it to a more powerful machine and let us play it on the cloud.

Unlimited GDDRs and tflops! 4k and 240 fps confirmed.

All with a $50 price drop = unlimited moneyz



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DerNebel on 27 January 2014

That sucks, Sony really has some divisions that either need some serious restructuring or need to be ditched entirely.

Also I can already see people using this as ammo in the console war:

PSfan: "Oh, great the PS4 is the best selling console again this week"
Non-PSfan: "Yeah, but Sony is rated Junk by all rating agencys and is doing really bad financially"
PSfan: "Thanks, that really discredits the PS4s success"



Seece on 27 January 2014
DerNebel said:
That sucks, Sony really has some divisions that either need some serious restructuring or need to be ditched entirely.

Also I can already see people using this as ammo in the console war:

PSfan: "Oh, great the PS4 is the best selling console again this week"
Non-PSfan: "Yeah, but Sony is rated Junk by all rating agencys and is doing really bad financially"
PSfan: "Thanks, that really discredits the PS4s success"

Very true, but of course vice versa too ;)

non-PSFAN "Sony isn't doing great"
PS-FAN "but it doesn't matter, PS4 is doing great and will save them"
non-PSFAN "PS4 has little relevance on saving Sony.

:P



 

jlmurph2 on 27 January 2014
Seece said:
DerNebel said:
That sucks, Sony really has some divisions that either need some serious restructuring or need to be ditched entirely.

Also I can already see people using this as ammo in the console war:

PSfan: "Oh, great the PS4 is the best selling console again this week"
Non-PSfan: "Yeah, but Sony is rated Junk by all rating agencys and is doing really bad financially"
PSfan: "Thanks, that really discredits the PS4s success"

Very true, but of course vice versa too ;)

non-PSFAN "Sony isn't doing great"
PS-FAN "but it doesn't matter, PS4 is doing great and will save them"
non-PSFAN "PS4 has little relevance on saving Sony.

:P

So much this.



ManUtdFan on 27 January 2014

I blame samsung



Roma on 27 January 2014

Kazuo Hirai needs to be fired as he isn't selling enough buildings to make a profit!



    R.I.P Mr Iwata :'(