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."
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."
Actually, their high end TVs are still some of the best available. Price of lesser competitors combined with lack of knowledge from the general consumer about new technology will result in this type of situation.
The problem with their "high end" TV's is they priced themselves out of competition. High end shoppers aren't going to look at Sony, they are going to look at Pioneer and their flagship products. Sony doesn't manufacture high end products, they shouldn't try! Sony can be really great at manufacturing great products and at a price that will be attractive to consumers that want a well rounded, well build TV that has brand recognition.
Reviews disagree with you. That's all I have to say about that.Originally Posted by PostalTwinkie
Quote:
Sony doesn't manufacture high end products, they shouldn't try! Sony can be really great at manufacturing great products and at a price that will be attractive to consumers that want a well rounded, well build TV that has brand recognition.
Originally Posted by shiftwig113
good that's what they get for being such proprietary asses.
Their Camera spits proprietary RAW image type, I remember their old Walkman need some bullcrap ATRAC3 format. And now their PS Vita needs some bullcrap $100 proprietary SD Card. Companies like this will never learn. You can't Trick people with your "SONY" branding anymore. People are just not willing to pay a premium for your overpriced products.
Apple is heading down this same road...and one day it'll become just like SONY a company that sells overpriced proprietary crap that no one wants to buy.
I hope Sony and all other companies that think strategically like it fail miserably
Awesome, lets take reviews as what defines high end or not. I can dig up enough stellar reviews of Vizio products that would classify them as high end under your standard. What defines high end is the quality of the components, quality of assembly, and quality of the post manufacturing inspection. I am talking the actual total build of the product, not how much someone likes them or how "Totally awesome great! A++" a review says it is. Very few, if any, review sites actually break down a television to the smallest of internal parts and looks at them. They simply plug them in and determine, based off that persons personal feelings, how well it works. Are the colors rich, can you see the back light bleeding through, etc.
Yeah that's another thing I can't stand about Sony, EVERYTHING of theirs is some proprietary overpriced nonsense. No way.Originally Posted by shiftwig113
good that's what they get for being such proprietary asses.
Their Camera spits proprietary RAW image type, I remember their old Walkman need some bullcrap ATRAC3 format. And now their PS Vita needs some bullcrap $100 proprietary SD Card. Companies like this will never learn. You can't Trick people with your "SONY" branding anymore. People are just not willing to pay a premium for your overpriced products.
Apple is heading down this same road...and one day it'll become just like SONY a company that sells overpriced proprietary crap that no one wants to buy.
I hope Sony and all other companies that think strategically like it fail miserably
yeah. I didn't like the memory stick duo stuff on my old psp or the UMD that it came with.Originally Posted by Malcolm
Yeah that's another thing I can't stand about Sony, EVERYTHING of theirs is some proprietary overpriced nonsense. No way.
I used to have a midrange Sony digital camera and it had a proprietary battery, memory card, cable connector, and photo format. Godawful software too. A replacement battery was $50.![]()
This is another example of Sony trying to be exclusive, high end, and elite. Which did nothing but upset their true core customer base.Originally Posted by Malcolm
Yeah that's another thing I can't stand about Sony, EVERYTHING of theirs is some proprietary overpriced nonsense. No way.
I used to have a midrange Sony digital camera and it had a proprietary battery, memory card, cable connector, and photo format. Godawful software too. A replacement battery was $50.![]()