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Forums - Sony - Nikkei: Sony expected to post $1.12 billion loss

It will be interesting to see the next earnings release for sure.

If the amount winds up at this level, it will be nearly $2.5 billion worse than previous estimate.

http://www.marketwatch.com/news/story/sony-seen-report-first-operating/story.aspx?guid={4087D218-9772-4024-B0D0-3CBED7FF70E1}&dist=msr_3

Sony seen to report first operating loss in 14 years: report

By Sue Chang
Last update: 1:37 p.m. EST Jan. 12, 2009

SAN FRANCISCO (MarketWatch) -- Sony Corp.  is expected to report its first operating loss in 14 years as demand for flat-screen televisions and other electronics sags and profit margins are pared by a strong yen, The Nikkei said on its Web site in a report dated Tuesday. Sony is now likely to post a group operating loss of around 100 billion yen ($1.12 billion) in the year ending March 31 but the final figure could be significantly higher depending on inventory levels in the January-March quarter, the Nikkei said. In October, Sony had forecast a full-year operating profit of 200 billion yen, according to the Japanese newspaper. The loss would be only the second since Sony went public in 1958, it said.



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Thats really bad.
Would this be there biggest loss if correct.



 

 

 

 

Is today like "bash" Sony day, or what?

Oh wait.. thats almost everyday :(..



Ouch, 2nd time ever?



"After you win, son, I feel like going for a ride on your bike, haha." ~Doc Louis (Punch Out Wii)

 

 

ouch!!!!!!



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Thats nasty. They need bigger profit margins. Even before the stronger Yen, their profit margins were small.



well I'm thinking Nikkei needs to talk to hip hop gamer. Cause he seems to have much different idea on what's going on and Sony should be making tons of money



Smashed said:
Is today like "bash" Sony day, or what?

Oh wait.. thats almost everyday :(..

I don't see any bashing, i see news, it'sreality.  PS3 fans need to get the difference between the 2 in their heads.

 



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

Smashed said:
Is today like "bash" Sony day, or what?

Oh wait.. thats almost everyday :(..

 

It's all over the news wires. This has nothing to do with bashing. If you don't like it don't read it.



Smashed said:
Is today like "bash" Sony day, or what?

Oh wait.. thats almost everyday :(..

 

The next time you have nothing substantial to add to a topic you're banned.

FYI: Nikkei is Japans most important financial analyst and if they expect this kind of losses, it will likely not be pretty. Don't know what relevant 3rd party information has to do with bashing.