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Forums - Sony - Sony To Post $2 Billion+ Loss

Cheebee on 17 September 2014

Wait whut? At first I though it was a 2 billion Yen loss, but it's actually Dollars? o_O'



Nintendo Network ID: Cheebee   3DS Code: 2320 - 6113 - 9046

 

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DonFerrari on 17 September 2014
Aura7541 said:
DonFerrari said:
Aura7541 said:

Yep, and this is very interesting in retrospect. PS4 is expected to overtake PS2 profits which is a very good thing and I expect Playstation to become a much bigger player for Sony, as a whole.


If sony keep trimming down and PS4 really takes off on SW it will probably be a big part of sony profit.

Yeah, as Arkaign mentioned earlier, the PS4 needs to hit the critical mass (around 40M at minimum) to rake in significant loads of money. Considering that at this age, Sony not only gets money from the hardware and retail games, but also PS+, digital downloads, and eventually, PSNow. It's already over a 1/4 way there. With a big autumn and holiday season, and a beasty 2015 lineup, the PS4 should have little trouble getting close to 3/4 of the critical mass by the end of next year.

But even if PS4 hacks 2B a year in profits that is a dip in the ocean compared to what Sony done in the past... but if they trim right and start to look at the rigth areads they could start regrowing after. But they can't take their sweet time delaying decisions.



duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"

http://gamrconnect.vgchartz.com/post.php?id=8808363

Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"

http://gamrconnect.vgchartz.com/post.php?id=9008994

Azzanation: "PS5 wouldn't sold out at launch without scalpers."

DonFerrari on 17 September 2014
Cheebee said:
Wait whut? At first I though it was a 2 billion Yen loss, but it's actually Dollars? o_O'


Yep...230B Yen.



duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"

http://gamrconnect.vgchartz.com/post.php?id=8808363

Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"

http://gamrconnect.vgchartz.com/post.php?id=9008994

Azzanation: "PS5 wouldn't sold out at launch without scalpers."

Soundwave on 17 September 2014
Cheebee said:
Wait whut? At first I though it was a 2 billion Yen loss, but it's actually Dollars? o_O'


It's $2.1 billion USD if you want to get technical. 



Aerys on 17 September 2014

Is there a link where we can make a donation to Sony ?



Predictions for end of 2014 HW sales:

 PS4: 17m   XB1: 10m    WiiU: 10m   Vita: 10m

 

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Teeqoz on 17 September 2014
kowenicki said:
DonFerrari said:

Ok then... let's celebrate that Sony spent 500M less than MS for basically the same effect in their gaming division.

If I buy an asset for $2bn with free cash I have then I still have the $2bn in a different form.  It has zero impact on the value of the company.

If I markd down an asset to the value of $1.5bn then I lose 1.5bn from the value of the company...add that the to 500m operating loss and yes the company will be worth $2bn less.

There is a huge difference.

One is good or neutral, one is horrible.

 


Except Mojang isn't really worth 2,5 BN dollars. That is overpriced as fuck. In reality it might be worth ~1-1,5 BN.



Aura7541 on 17 September 2014
DonFerrari said:
Aura7541 said:

Yeah, as Arkaign mentioned earlier, the PS4 needs to hit the critical mass (around 40M at minimum) to rake in significant loads of money. Considering that at this age, Sony not only gets money from the hardware and retail games, but also PS+, digital downloads, and eventually, PSNow. It's already over a 1/4 way there. With a big autumn and holiday season, and a beasty 2015 lineup, the PS4 should have little trouble getting close to 3/4 of the critical mass by the end of next year.

But even if PS4 hacks 2B a year in profits that is a dip in the ocean compared to what Sony done in the past... but if they trim right and start to look at the rigth areads they could start regrowing after. But they can't take their sweet time delaying decisions.

This is my major gripe with Kaz and the rest of Sony's executive board. I just don't see any sense of immediacy from them and it's hurting the company. They should've done away with PC and TV a long time ago. Heck, they haven't really gotten rid of their TV business which continues to struggle. Same goes for their smartphones. It wasn't until now that their phones will be supported by Sprint and Verizon. That is something that should've been done way earlier because otherwise, they wouldn've have lost as much money as they did now.



Cheebee on 17 September 2014
Soundwave said:
Cheebee said:
Wait whut? At first I though it was a 2 billion Yen loss, but it's actually Dollars? o_O'


It's $2.1 billion USD if you want to get technical. 

That's... hefty.



Nintendo Network ID: Cheebee   3DS Code: 2320 - 6113 - 9046

 

DonFerrari on 17 September 2014
Aura7541 said:
DonFerrari said:
Aura7541 said:

Yeah, as Arkaign mentioned earlier, the PS4 needs to hit the critical mass (around 40M at minimum) to rake in significant loads of money. Considering that at this age, Sony not only gets money from the hardware and retail games, but also PS+, digital downloads, and eventually, PSNow. It's already over a 1/4 way there. With a big autumn and holiday season, and a beasty 2015 lineup, the PS4 should have little trouble getting close to 3/4 of the critical mass by the end of next year.

But even if PS4 hacks 2B a year in profits that is a dip in the ocean compared to what Sony done in the past... but if they trim right and start to look at the rigth areads they could start regrowing after. But they can't take their sweet time delaying decisions.

This is my major gripe with Kaz and the rest of Sony's executive board. I just don't see any sense of immediacy from them and it's hurting the company. They should've done away with PC and TV a long time ago. Heck, they haven't really gotten rid of their TV business which continues to struggle. Same goes for their smartphones. It wasn't until now that their phones will be supported by Sprint and Verizon. That is something that should've been done way earlier because otherwise, they wouldn've have lost as much money as they did now.

I don't want them to get rid of their TV or phones (I only buy then and like) but they seriously need to make it profitable, even if they just concentrate on real expensive products, with limited models and sales, or if they make Bravia top brand and just make all lower end elsewhere just using their quality standard (they tried it in China and decided to stop as the chinese had robbed most of the technology they got their hands on - in the case of tv). Their camera, they could just focus on digital cheap cameras (I don't care about them) and forget about alpha and their top products, they are reallllllly bellow Canon and Nikon and their slight cheaper price don't make for it... But that is just me as a happy consumer of their product... they as bussinessmen must decide how to certainly make it profitable or dump it in the lass wastefull way, and fast.



duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"

http://gamrconnect.vgchartz.com/post.php?id=8808363

Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"

http://gamrconnect.vgchartz.com/post.php?id=9008994

Azzanation: "PS5 wouldn't sold out at launch without scalpers."

Teeqoz on 17 September 2014
kowenicki said:
Teeqoz said:
kowenicki said:

If I buy an asset for $2bn with free cash I have then I still have the $2bn in a different form.  It has zero impact on the value of the company.

If I markd down an asset to the value of $1.5bn then I lose 1.5bn from the value of the company...add that the to 500m operating loss and yes the company will be worth $2bn less.

There is a huge difference.

One is good or neutral, one is horrible.

 


Except Mojang isn't really worth 2,5 BN dollars. That is overpriced as fuck. In reality it might be worth ~1-1,5 BN.


You may be correct, you may be way off.

But, so? again... how is this relevant to the topic at hand?


It's just as relevant as what you and that other user has been discussing. You and that other user were debating this, and I decided to join in. You got a problem with that.