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

can i start it? all i need to do is click submit



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^Go ahead lol, it would be better as it would clean up the forums and have the info in 1 thread :)



done :)

i hope i dont get flamed lol



NJ5 said:
johnsobas said:
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.

 

 

what!!??  Are you serious?

Yes. In Q1 they had 73.4 billion yen profit, in Q2 11 billion yen.

According to the reuters article, the expected FY result is a 100-200 bln yen loss, so a 184-284 billion yen loss in Q3+Q4.

http://www.sony.net/SonyInfo/IR/financial/fr/viewer/08q1/slide/image/03_image.jpg

http://www.sony.net/SonyInfo/IR/financial/fr/viewer/08q2/slide/image/03_image.jpg

 

I think Sony had several big right offs Q3 & Q4 (maybe even before that as well) before the Q1 and Q2 profits you posted.  So it was almost a given that they would be in profit those 2 quarters.

 



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damndl0ser said:

I think Sony had several big right offs Q3 & Q4 (maybe even before that as well) before the Q1 and Q2 profits you posted.  So it was almost a given that they would be in profit those 2 quarters.

 

There has to be some misunderstanding here. The Q3 and Q4 results aren't out yet, I just calculated them based on the OP's news article and the known Q1/Q2 results.

 



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this site is the most anti sony out of all the other sites i have been to



Nobody's perfect. I aint nobody!!!

Killzone 2. its not a fps. it a FIRST PERSON WAR SIMULATOR!!!! ..The true PLAYSTATION 3 launch date and market dominations is SEP 1st

Sony needs another visionary leader to take them back to producing revolutionary devices instead of focusing on premium products as if that were enough to rise above the competition.

The economy isn't helping, but they entered this economy in an already weakened state.



SlorgNet said:
We're in the midst of the worst global downturn in sixty years, so all of the major corporations are going to take a hit. Sony has creative people and very little long-term debt, so they'll be OK.

This may sound strange, but I think Microsoft is actually the most vulnerable out of the Big 3. They don't have core strengths in hardware or studio software, and their core monopoly over OS software is history. The economic crisis is going to force huge numbers of consumers to pirate or go open source, and the Mac is more than a viable alternative for folks with money. After suffering through one godawful Windoze machine after another for a decade, I recently bit the bullet and got a low-end Macbook, and was stunned at its efficiency, ease of use, versatility and quality. Apple really knows how to design things well.

It really makes me feel a certain way when I read posts like this...

.

1) Microsoft has billions of dollars in cash reserves.

2) It's operating system dominance is not going anywhere anytime soon. Look how determined Microsoft is in the console market, imagine its resources and strategic drive if Microsoft ever really felt its OS dominance was in major jeopardy...

3) I am pretty sure that 95% of major businesses in the United States alone are dependent on Microsoft software. Hell, I hate Microsoft Vista, but my company (one of the big four accounting firms in the world) is migrating over to Windows Vista over the next few months.

 

4) I am not sure if this still holds true, but as far as I know, Microsoft has zero debt.

 

5) I know many users with Macs and they still have Microsoft software running on their hardware.

6) Also, Microsoft is primarily a software company, Sony is primarily a hardware company. It's common knowledge/fact that software in general brings in much higher profit margins than hardware.

I think most competent professionals will tell you that Microsoft and Sony are on two different levels. When it comes to financial stability, Sony just can't compete.

 

 



I'm not a fanboy, I just try to tip the balance in favor of logic and common sense.

FishyJoe said:
blazinhead89 said:
Sigh, Can we Make an official "PS3 loosing Billions for Sony" thread. Included would be Quarterly reports, Profit Margins , Loss accumulated etc.

 

Go for it. This thread isn't a discussion about the PS3 and it's barely mentioned at all.

QFT.

 



 

 

 

 

jcp234 said:
SlorgNet said:
We're in the midst of the worst global downturn in sixty years, so all of the major corporations are going to take a hit. Sony has creative people and very little long-term debt, so they'll be OK.

This may sound strange, but I think Microsoft is actually the most vulnerable out of the Big 3. They don't have core strengths in hardware or studio software, and their core monopoly over OS software is history. The economic crisis is going to force huge numbers of consumers to pirate or go open source, and the Mac is more than a viable alternative for folks with money. After suffering through one godawful Windoze machine after another for a decade, I recently bit the bullet and got a low-end Macbook, and was stunned at its efficiency, ease of use, versatility and quality. Apple really knows how to design things well.

It really makes me feel a certain way when I read posts like this...

.

1) Microsoft has billions of dollars in cash reserves.

2) It's operating system dominance is not going anywhere anytime soon. Look how determined Microsoft is in the console market, imagine its resources and strategic drive if Microsoft ever really felt its OS dominance was in major jeopardy...

3) I am pretty sure that 95% of major businesses in the United States alone are dependent on Microsoft software. Hell, I hate Microsoft Vista, but my company (one of the big four accounting firms in the world) is migrating over to Windows Vista over the next few months.

 

4) I am not sure if this still holds true, but as far as I know, Microsoft has zero debt.

 

5) I know many users with Macs and they still have Microsoft software running on their hardware.

6) Also, Microsoft is primarily a software company, Sony is primarily a hardware company. It's common knowledge/fact that software in general brings in much higher profit margins than hardware.

I think most competent professionals will tell you that Microsoft and Sony are on two different levels. When it comes to financial stability, Sony just can't compete.

 

 

About 4: it's worse than that. Microsoft has a huge cash reserve that they didn't use to buy Yahoo...

 



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