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[IT] Sony Hits 30-Year Low.

post #1 of 53
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http://www.itweb.co.za/index.php?option=com_content&view=article&id=54352:sony-shares-hit-30year-low&catid=69
Quote:
Sony shed more than 7% to hit a near 32-year low on Friday, a day after it posted a record annual loss of $5.7 billion and failed to convince investors that it has a sound strategy to turn around its loss-making TV business and boost smartphone sales.

The Walkman and PlayStation maker has lost its innovative edge, falling behind Apple and Samsung Electronics, and guidance for the current financial year has failed to impress.

"I didn't see anything positive in there," a trader at a US bank said. "There is really nothing in there that can justify buying the stock."
post #2 of 53
I'd say it has a lot more to do with their overpriced junk televisions they keep putting out. Samsung has beat them out in just about every category imaginable as far as televisions go, all while being priced lower as well.
 
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post #3 of 53
Not surprised. PS3 is losing money, their TVs are losing money, their phones are fragile as potato chips, their notebooks are overpriced, their buttmad over geohot pwning their stuff came back to haunt them, PS3 has no games, etc. etc. etc. etc. It's over, Sony is finished.
Edited by Malcolm - 5/11/12 at 7:32am
post #4 of 53
They should consider relocating Sony HQ to Korea or Taiwan, or even China. Japan's stock market has sucked for decades, I'm sure the country's policy isn't helping Sony much. http://www.forecast-chart.com/historical-nikkei-225.html
 
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post #5 of 53
They're still living off their rep from the 90s so I'm not surprised.

They need to stop over-valuing their brand and price their goods accurately
 
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post #6 of 53
Not surprised at all, especially when you look at the launch of the playstation vita. It is hard to imagine how much they have messed up. Zipper interactive, makers of socom put out a stripped out bare bone socom copy and named it Unit 13. Childish racing games, in my oppinion one is even too much when you consider your competition...nintendo. Who buys a new console for $300 to play mod nation racers, ben 10 racing, asphault (.99$ in android market).

I agree with the article, sony has lost the vision.
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post #7 of 53
imagine that.
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post #8 of 53
Not really a big surprise. Price wise they haven't been competitive for some time. Sony can't sell enough PS3 units to make up for the losses in their other divisions. Thats the primary problem. Either Sony needs to sell off their other divisions (or close them) and JUST make PS4 or they need to throw in the towel and let samsung buy them out.
 
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post #9 of 53
Good riddance, their phone...Sony Ericsson Satio, it was supposed to be a flagship phone for which I paid $600. It was an utter failure, where I and a whole community that was dedicated to that particular phone agreed they abandoned the phone...

Sony, you deserve this.
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post #10 of 53
Sony makes some of the best gaming hardware and most importantly exclusives out there. Would be a real shame if they don't turn it around. So many great games and franchises originated on Sony consoles.

Already got 11 games for my Vita and I love the thing to death, not to mention my PS3 collection is huge smile.gif. I can't imagine the gaming world with out Sony anymore, would be depressing.
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