I think we need more mods posting the Sony Articals, they are relevant and an interesting read, sony fans and any gaming fan should be taking an interest in this however dire and sad it all is.
But it seems whenever a run of the mill member posts something its classed as hate ...
I really do wonder what Sony are going to do in the coming months.
These are dire times for companies that are not adequately positioned to handle a downturn in the consumer market. I try to keep up with as many new developments as possible, but at this time it seems tricky to keep up with all the news.
Sony will probably see some major restructuring this year, if not then I fear something far more serious could happen to Sony.
Five billion?
A five, and then nine zeroes?
Its only a matter of time before the PS3 gets gamecube treatment.
| Undying said: Its only a matter of time before the PS3 gets gamecube treatment. |
gamecube treatment!! omg dead meat for ps3:P
Financial Times (check out the bolded parts; the last one essentially means that restructuring only pays off one year later):
Sony risks falling into a loss this year, according to a growing consensus of analysts, highlighting the pressure on Japanese manufacturers from the downturn and the strong yen.
Shares in Sony fell 8.9 per cent on Tuesday following reports that the consumer electronics group would make a Y100bn ($1.1bn) operating loss in the year to March 2009.
David Gibson, an analyst at Macquarie Securities in Tokyo, said a loss was “possible, given the tough pricing environment we saw over Christmas”.
An operating loss would be Sony’s first since 1995, when it wrote off $3.5bn on the acquisition of Columbia Pictures, and the first caused by its core electronics division.
Japanese manufacturers are struggling not only with the slowdown but also with the appreciation of the yen relative to competitors in South Korea and Taiwan. Toyota has said it will make a loss this year.
Sony declined to comment ahead of the release of its third-quarter results on January 29.
The Tokyo Stock Exchange requires companies to make a statement if they expect to miss or exceed profit forecasts by 30 per cent.
At the end of October, Sony cut its operating profit forecast 57 per cent to Y200bn, but demand and pricing conditions for televisions, cameras and other gadgets have since weakened further.
“Forecasting an operating loss of Y100bn-Y200bn is not unreasonable at this point,” said Pelham Smithers, an analyst at Pali International in Singapore.
The October forecast assumed an exchange rate of Y100 to the dollar and Y140 to the euro for the second half, but current rates are about Y89 to the dollar and Y120 to the euro. For every Y1 rise against the euro, Sony’s operating profit falls by Y7.5bn.
In December, Sony announced a restructuring of its electronics business to cut annual costs by Y100bn.
At least some of those costs – from the closure of a factory in France and one in the US – are likely to be booked in the current financial year. Analysts say that, based on past restructuring, every Y1bn of annual savings will cost about Y1bn in severance packages and other expenses.
Sony’s large life assurance division is also expected to suffer losses on its equity portfolio.
Japan’s Topix share index was down 4.8 per cent on Tuesday, and is 25 per cent lower than at the start of Sony’s second half.
One factor that analysts struggle to estimate is inventory adjustments. At the end of September, Sony held Y1,365bn in inventory and, if it judges that some of this cannot be sold, it will be forced to write it off.
My Mario Kart Wii friend code: 2707-1866-0957
| Snake said: so what? this is their first maybe second year where they lost money. Microsoft lost 6 billion on entire Xbox family but you didn't see that on vgchartz. I am not trying to defend Sony here i am just saying Sony its not screwed if it had two bad years. every company in the world has some bad period. When Game Cube was dying did anybody told Nintendo is dead? i think they did, and look at Nintendo now. They are definitivly winning this generation. Some people( (4 actually)on this we site are acting like they were waiting Sony to lose money for their entire life.OMG Sony is losing money!!!!!!! Note: the last sentence describes only those 4 people |
Comparing Nintendo during the gamecube era vs Sony during the current economic crysis is not similar. Nintendo never posted an operating loss during those time, coupled with Nintendo meeting their profit estimates is not similar to Sony not meeting profit estimates for nearly a decade, followed by financial outlook that will put Sony way into the red.
| Snake said: so what? this is their first maybe second year where they lost money. Microsoft lost 6 billion on entire Xbox family but you didn't see that on vgchartz. I am not trying to defend Sony here i am just saying Sony its not screwed if it had two bad years. every company in the world has some bad period. When Game Cube was dying did anybody told Nintendo is dead? i think they did, and look at Nintendo now. They are definitivly winning this generation. Some people( (4 actually)on this we site are acting like they were waiting Sony to lose money for their entire life.OMG Sony is losing money!!!!!!! Note: the last sentence describes only those 4 people |
You know nothing.
A) its not the fact they have lost money, its the huge amount.
B) Microsoft were ripped to pieces on losing that money, but you didn't see it on VGChartz because VGCHARtz is barely 2 years old (or around that?)
C) Eh? Yes a lot of companys are screwed right now.
D) Nintendo made a profit on the Gamecube, it went out the gate profitable, the PS3 is the complete opposite, its still bleeding money. Not only that but Nintendo is only focused on gaming, this money loss is across all of Sonys divisions.
NJ5 said:
I think I looked at a few of the latest quarterly reports that time. What about this link? I believe it's for the whole corp. http://finance.google.com/finance?fstype=bi&q=NYSE:PC Their revenue seems similar to Sony, PC's profit is higher, cash base is not very different but PC has less debt.
|
Well I guess they officially changed their name to Panasonic in October, however Matsushita Communication, Matsushita Kotobuki Electronic, etc which are all companies in the "Panasonic Group" I think, have not changed their names just to make things more confusing. Anyways, the problem with just looking at PC's finances is that it doesn't account for debt in companies it holds. Sony stock holders have this same problem (in a bad way) with Sony-Erikson.
| Snake said: so what? this is their first maybe second year where they lost money. Microsoft lost 6 billion on entire Xbox family but you didn't see that on vgchartz. I am not trying to defend Sony here i am just saying Sony its not screwed if it had two bad years. every company in the world has some bad period. When Game Cube was dying did anybody told Nintendo is dead? i think they did, and look at Nintendo now. They are definitivly winning this generation. Some people( (4 actually)on this we site are acting like they were waiting Sony to lose money for their entire life.OMG Sony is losing money!!!!!!! Note: the last sentence describes only those 4 people |
Actually this bad news has more to do with Sony as a whole company, not their videogame sector. This is obviously much more serious than you are fathoming. This is not bash Sony, this is real trouble not fanboy videogame sales bashing.
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