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[AP]Toshiba Profits Down 95% Due to HD-DVD

post #1 of 39
Thread Starter 
Quote:
TOKYO (AP) — Japanese electronics maker Toshiba said Friday its net profit plummeted a staggering 95 percent in the January-March quarter due to losses related to its exit from the next-generation video HD DVD business.

Toshiba Corp.'s profit stood at 1.25 billion yen ($12 million), sharply down from 26.17 billion yen a year earlier.

"Our net profit sharply fell due to the end of HD DVD business," Toshiba spokeswoman Hiroko Mochida said, adding the one-time for pulling the plug on its HD DVD business cost about 48 billion yen ($461 million).
That's a crazy drop!

source
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post #2 of 39
Blame Sony. They whipped out the checkbook and got backers to flip. That's the only way to explain why all the backing movie studios flipped within a week. Blu-Ray and HD-DVD didn't have a noticable difference so saying that they flipped because "Blu-Ray is better" is bullcrap. Even if it was better HD-DVD was still making money so there was no other reason for them to flip like they did.
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post #3 of 39
That's going to hurt... a lot. Imagine the loss from one line of products to drop profit that much.
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post #4 of 39
Quote:
Originally Posted by Spart View Post
Blame Sony. They whipped out the checkbook and got backers to flip. That's the only way to explain why all the backing movie studios flipped within a week. Blu-Ray and HD-DVD didn't have a noticable difference so saying that they flipped because "Blu-Ray is better" is bullcrap. Even if it was better HD-DVD was still making money so there was no other reason for them to flip like they did.
Yep to that.... lets whip out the check book and buy some friends
Frankly I hate Sony, over priced and there quality sucks!
    
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post #5 of 39
Thread Starter 
I use to like Sony back in the day, I bet everybody else did too, but now:

Television Samsung > Sony
Headphones Sennheiser, AKG, Beyer, etc > Sony
Pre-Built Computers Dell, HP, etc > Sony (way overpriced)
Gaming Consoles Xbox360 = PS3 (who knows?)
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post #6 of 39
I don't see what this thread has to do with sony either. why is it that ANY thread that mentions anything to do with a company involved in teh format war then sony gets brought up and then it turns into a bash sony thread.

this isn't about sony. this is about toshiba and the loss of profits they suffered.



this loss didn't stem from sony but rather from the sounds of it toshiba putting all it's eggs in one basket and hoping they don't break. that is a management mistake by toshiba.

this is NOT a sony issue.
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post #7 of 39
Quote:
Originally Posted by Spart View Post
Blame Sony. They whipped out the checkbook and got backers to flip. That's the only way to explain why all the backing movie studios flipped within a week. Blu-Ray and HD-DVD didn't have a noticable difference so saying that they flipped because "Blu-Ray is better" is bullcrap. Even if it was better HD-DVD was still making money so there was no other reason for them to flip like they did.
Quit whining, step out into the real world of effective business strategies.
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post #8 of 39
Quote:
Originally Posted by Spart View Post
Blame Sony. They whipped out the checkbook and got backers to flip. That's the only way to explain why all the backing movie studios flipped within a week. Blu-Ray and HD-DVD didn't have a noticable difference so saying that they flipped because "Blu-Ray is better" is bullcrap. Even if it was better HD-DVD was still making money so there was no other reason for them to flip like they did.
Yes, lets blame Sony for advancement in technology. The ONLY actual difference between Blu-ray and HD-DVD is capacity and Blu-ray got the upper hand. And FYI Toshiba bought out a couple companies themselves. I am sorry if your pissed that you got a HD-DVD player or dvds but that's no reason to get biased.
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post #9 of 39
Quote:
Originally Posted by Drax View Post
Quit whining, step out into the real world of effective business strategies.
Indeed.

Also, these numbers mean very little. While I'm sure Toshiba did take some substantial operating losses from the HD-DVD debacle, most of these drops in profits are due to one-time write-down and losses taken by Toshiba to offset many of their gains. Next quarter should see a sharp upwards again.
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post #10 of 39
at least they didn't report a LOSS for this quarter eh?
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