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

Hyruken said:
Didn't they predict a $2Billion PROFIT or something? It will be interesting to see the numbers because as mentioned Sony could of been telling some pretty big lies last year to try and improve consumer confidence in their products.

 

no company is allowed to lie on their profit forecast. not even the mafia.



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Spankey said:
Hyruken said:
Didn't they predict a $2Billion PROFIT or something? It will be interesting to see the numbers because as mentioned Sony could of been telling some pretty big lies last year to try and improve consumer confidence in their products.

 

no company is allowed to lie on their profit forecast. not even the mafia.

 

 I mean with some news leaks. Like the one saying it cost over $50 to make a PS3 now and breaking even is not far away. Little things like that to make the market feel more confident that the company is over the bad times. If you get what i mean.



Hyruken said:
Spankey said:
Hyruken said:
Didn't they predict a $2Billion PROFIT or something? It will be interesting to see the numbers because as mentioned Sony could of been telling some pretty big lies last year to try and improve consumer confidence in their products.

 

no company is allowed to lie on their profit forecast. not even the mafia.

 

 I mean with some news leaks. Like the one saying it cost over $50 to make a PS3 now and breaking even is not far away. Little things like that to make the market feel more confident that the company is over the bad times. If you get what i mean.

 

Yeah, I get what you mean.

But Sony didn't lie on that forecast, they based it on the current situation at the time, and what they can reasonably expect to see over the period. This is subject to audit and is very common business practice.

The company i work for has several times over the last quarter needed to revise their forecast downward. If thats considered fraud then just about every single company that does worse than their forecasts - or even better for that matter - would be in deep legal shit.



Proud Sony Rear Admiral

Nothing to worry about, they hadn't even gone the bailout route yet. Then you could start worrying.



adopt, adapt, and improve~

sony will find a way to rebound.



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kowenicki said:
@ galaki...

Why would they get a bailout route... Its a japanese company not a US one.

 

It has large presence in America? Does that not consider American?



Galaki said:
kowenicki said:
@ galaki...

Why would they get a bailout route... Its a japanese company not a US one.

 

It has large presence in America? Does that not consider American?

Sony isn't important enough in America. Auto industry and banks are a different story. We got Samsung and other companies who do the same things as Sony  to fall back on if Sony dies.

 



Lurker said:
Galaki said:
kowenicki said:
@ galaki...

Why would they get a bailout route... Its a japanese company not a US one.

 

It has large presence in America? Does that not consider American?

Sony isn't important enough in America. Auto industry and banks are a different story. We got Samsung and other companies who do the same things as Sony  to fall back on if Sony dies.

 

 

The American auto industry is not as significant to the American economy as they (auto execs + unions) would like you to believe.  The fact is that most "foreign" cars sold in the US are built in the US/Canada anyway at this point - even if ford/gmc/chrystler went belly-up Americans would be buying the same number of cars - and most of those cars would still be made in the US employing US workers.

 

Banks are another story, if the financial industry falls over we get in big trouble.  That said, Bank of America, probably the largest bank in the US, really avoided this whole disaster by not jumping deep into the "high risk loans" pool - it's not that clear to me how bad it would have been to just let the "stupid" banks fall over.



How are they stupid when they make out like a bandit?



NJ5 said:

$1.1-2.2 billion loss for the fiscal year means a $2-3 bln loss for the holiday quarter and the final quarter combined.

In other words, pretty much what some of us have been expecting and warning about for quite a while.

LOL, warning for whom exactly? Investers or people interested to be employed by Sony?

To quote myself from 2006:

"In a worst case scenario only, I would imagine Sony to sell off one of their valuable subsidiaries, selling product IP and/or reducing their massive 158,500 employees (more than twice the amount of M$). IMO there will be no downfall of Sony anywhere in the near future."

The PS3 is at the core of their long term strategy, gamers don't need to be really worried. Sony is a very strong company with a huge workforce and lots of valuable assets.



Naughty Dog: "At Naughty Dog, we're pretty sure we should be able to see leaps between games on the PS3 that are even bigger than they were on the PS2."

PS3 vs 360 sales