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[NY Times] Sony Reports Fiscal Year Losses

post #1 of 24
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Quote:
The annual loss would be Sony’s biggest in 16 years, a major setback to chief executive Howard Stringer’s drive to turn around the once-legendary maker of PlayStation video game consoles, Bravia flat-panel TVs and Vaio laptops.
Le Source: http://www.nytimes.com/2011/05/24/te...gy/24sony.html

Although I do wish Sony was more price competitive, I do feel sorry about the tsunami/earthquake disruption. Of course the hacking of the PSN network is dumb as well. Hopefully, they will make a comeback, and a be a leaner meaner Sony.
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post #2 of 24
Sony won't go out of business anytime soon. However things are not going their way. Laptops, not good. Playstation, weakest one so far, TVs, good but pricey.

They have their fingers in so may pies so you would wonder where the main losses are
post #3 of 24
It is normal for a company to have losses of course, but I think this year is really bad for Sony in particular due to the earthquake PSN hacking issues ETC. They will come back strong, I hope at least. Although I do feel they have to make some fundamental changes inside their business.
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post #4 of 24
Edited out to prevent annoying typical responses from kids like dzalias...
Edited by Stealth Pyros - 5/24/11 at 6:21am
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post #5 of 24
I wonder if, after all is said and done, Sony will feel it was worth it to prosecute their own customers. I personally like the fact that Sony has taken a huge loss, the large corporations have enough of a monopoly over the world we live in. It's nice to see one of them tarnish their own reputation and begin to crumble.

They will recover, I am sure, these companies get tons of tax breaks and assistance from governments all over the world. Heck, maybe the United States government will send the a bailout package if it gets worse for them.
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post #6 of 24
<- Grabs the popcorn. Flame wars begin. I hope Sony comes back so there is more competition.
post #7 of 24
I'm not surprised that Sony is having a rough year. Natural disasters mixed with some poor actions on their part (which provoked the PSN attack in the first place), it would be hard for me to imagine them having a good time at all. Hopefully they'll recover.
post #8 of 24
Which hurt Sony more, the earthquake or the PSN fiasco?
post #9 of 24
Can someone give me a gist of 'planetsite' and this 'AMD processor' deal? What is 'planetsite/side'? Do you play with PS3 or just your PC? Heck I got no idea !
Links I found using google search are blocked at my work place.
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post #10 of 24
Quote:
Originally Posted by Riou View Post
Which hurt Sony more, the earthquake or the PSN fiasco?
I'd say the earthquake. PSN being down didn't cost them the millions that the physical damage costs. PSN is a free service that just sells a little bit of digital downloadable items. Sure, they spend money rebuilding it and all, but it's nowhere near the catastrophic damage to their building and everything in it.
Edited by Stealth Pyros - 5/23/11 at 10:25am
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