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Forums - Sony - Breaking News: Sony to post massive $1.7 billion loss

johnsobas on 22 January 2009

or is that referring only to future quarters?



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

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Maynard_Tool on 22 January 2009
--OkeyDokey-- said:
Maynard_Tool said:
=)

Fixed :P

 

Hahahaha

 

o come on, i don't wish that to anyone... i mean, i like sony products

 

I have a psp, a digital camera, tv.....

 

You can't be happy with a company losing that kind of money.... they should just give me that money instead of losing it xD



03/10/09 HUGE day in my life:

http://www.vgchartz.com/forum/thread.php?id=63437&page=1

johnsobas on 22 January 2009

300 million wouldn't be all that bad. Certainly not a good thing but I would have though worse.



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

BenVTrigger on 22 January 2009
johnsobas said:
BenVTrigger said:
ymeaga1n said:
BenVTrigger said

 

 

right I get that but what i'm asking is if they posted a profit in Q1 and Q2 of this year then wouldn't all their losses have to come from Q3 and Q4?

they are forcasting a 1.7 billion dollar loss for the whole fiscal year, meaning the next 2 quarters have to erase that 530 million dollars in profit, plus another 1.7 billion on top of that.

 

 

 

ah i see. Sorry i'm stupid right now guys i'm not at my house and on a slow ass dial up connection so links aren't really wanting to cooperate with me So thats actually worse than I thought by far when i saw they were posting a loss of 1.7 billion my first thought was that they didn't post profit first 2 quarters so that much of loss over the year while still terrible isn't quite as bad. But considering they managed to lose 1.7 billion PLUS 530 million in profits is just crazy, i don't see how they could manage to have dug themselves this deep into a hole.



FishyJoe on 22 January 2009
johnsobas said:
300 million wouldn't be all that bad. Certainly not a good thing but I would have though worse.

 

I think it's over $600 million lower that whatever they were going to post, since in October they also lowered by $300 million. It's really anybody's guess until we get more data.



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BengaBenga on 22 January 2009
BenVTrigger said:
ymeaga1n said:
BenVTrigger said:
ymeaga1n said:

Sony 2008 Q1 = $330 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q1_sony.pdf )

Sony 2008 Q2 = $200 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q2_sony.pdf )

 

ah thank you. Like i said i wasn't sure. So that means that they lost that much money in only 2 quarters? cause thats kinda insane.

No. They're year is over at end of March. It was just the end of their Q3 on Dec 31. What they are saying is they are forecasting that they will lose $1.7 billion when the books close on March 31. It could even be worse than $1.7 billion at that point. Seeing how companies take optimistic approach, this might be likely.

(http://www.sony.net/SonyInfo/IR/financial/fr/08revision2_sony.pdf <~~ See the -150 billion yen figure under the revised forecast?)

 

 

right I get that but what i'm asking is if they posted a profit in Q1 and Q2 of this year then wouldn't all their losses have to come from Q3 and Q4?

 

Yes, obviously. April 1st - September 30th: $530 million profit
Estimated loss: $1.7 billion

So October 1st - March 31st: $2.23 billion loss

 

Fishy: I can't find the figures quick, but you're saying that the $300 million SCE lowered expectation comes ON TOP of the $300 million lowered estimate from October?

The expectation was likely to be profitable, even just barely, so we might be looking at a loss at SCE of $500 million or 30% of Sony total loss! Wow. I expect massive cuts at SCE if true.

 



FishyJoe on 22 January 2009
BengaBenga said:

 

Fishy: I can't find the figures quick, but you're saying that the $300 million SCE lowered expectation comes ON TOP of the $300 million lowered estimate from October?

The expectation was likely to be profitable, even just barely, so we might be looking at a loss at SCE of $500 million or 25% of Sony total loss! Wow. I expect massive cuts at SCE if true.

 

 

Yes, that's exactly what I'm saying.



Dianko on 22 January 2009

So, does the Japanese government give out any bailout money?



richardhutnik on 22 January 2009

Look at what happened to Atari during the videogame crash of the early 1980s. That is useful for contrast and comparison to what is going on now.



BengaBenga on 22 January 2009
FishyJoe said:
BengaBenga said:

 

Fishy: I can't find the figures quick, but you're saying that the $300 million SCE lowered expectation comes ON TOP of the $300 million lowered estimate from October?

The expectation was likely to be profitable, even just barely, so we might be looking at a loss at SCE of $500 million or 30% of Sony total loss! Wow. I expect massive cuts at SCE if true.

 

 

Yes, that's exactly what I'm saying.

 

Damn. That would bring the total loss in 3 Years to 3.8 billion, just for SCE.