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Have we discussed this? Sony now predicts a $1.1 Billion loss for fiscal year
Posted on 2/25/14 at 11:26 pm
Posted on 2/25/14 at 11:26 pm
quote:
Sony is shuttering its computer business, refocusing its TV division on high-end units and laying off 5,000 people. It is also predicting a massive loss of 110 billion yen, or $1.1 billion, for the fiscal year, a drastic change from its prediction three months ago of a 30-billion yen profit ($294 million).
There was a time, long ago, when it looked as if Japanese electronics companies -- and foremost among them Sony -- would take over the world. But no longer. Apple and Samsung dominate the consumer market for tablets and smartphones, and Sony is now being forced to undergo costly restructuring to survive.
Sony's TV business has long been a loser. It has cost the electronics giant $7.8 billion over the past decade, according to Reuters. Sony plans to spin it off into a subsidiary company by July of this year, hoping to streamline processes and return it to profitability by the end of the fiscal year ending March 31, 2015.
To some observers, this move could look like preparation for disposing of the TV division altogether. But Sony chief Kazuo Hirai told reporters in Tokyo that "we have absolutely no plan" to sell off the TV business, according to Reuters. The way forward, Hirai thinks, lies in high-end models, especially ultra-high-definition 4K TVs, which have yet to go mainstream.
Sony will be posting a net loss for the fifth time in six years. As part of restructuring, the Japanese electronics maker will let go more than 3 percent of its global work force by March 2015. The company expects the layoffs to save 100 billion yen, or $1 billion, in annual costs. As of September 2013, Sony had 145,800 employees.
[link=( https://www.entrepreneur.com/article/231313#ixzz2uP2Kk7L6)]LINK[/link]
This post was edited on 2/25/14 at 11:27 pm
Posted on 2/25/14 at 11:31 pm to stout
I like that you provided a link, I feel like that will be an issue before this thread is over
Posted on 2/25/14 at 11:32 pm to stout
Yeah it's been on here, good thing SCEA is doing good.
4K is a money pit
4K is a money pit
This post was edited on 2/25/14 at 11:34 pm
Posted on 2/25/14 at 11:35 pm to GalvoAg
quote:
good thing SCEA is doing good.
Is the Movie division in the SCEA? If so then it isn't doing as well as you think.
Sony Q3 Operating Income Up, Movie Division Down; PC Unit To Be Sold & TV Spun Off Cutting 5,000 Jobs
Sony to shrink Movie division to keep it alive
This post was edited on 2/25/14 at 11:36 pm
Posted on 2/25/14 at 11:37 pm to stout
B..b...b..... BUT 5.3 million PS4 sales!!!!!!!
Posted on 2/25/14 at 11:38 pm to stout
I halfheartedly posted in another thread that they would file for bankruptcy in 2 years. Looks like it could be a reality now.
Posted on 2/25/14 at 11:39 pm to stout
shite
Looks like chances of a ps5 are slim
Looks like chances of a ps5 are slim
Posted on 2/25/14 at 11:40 pm to brucevilanch
Honestly, they maybe should already have done so. Could have maybe saved some jobs and assets with a good debt restructuring.
Posted on 2/25/14 at 11:41 pm to Henry Jones Jr
quote:
BUT 5.3 million PS4 sales
Yeah about two million more than Xbone, probably close to three after Japan's launch.
My point is neither console is going anywhere, so all you fanboys are getting worked up over nothing.
Posted on 2/25/14 at 11:43 pm to GalvoAg
This isn't about consoles, Ag, and it's ironic at best for you to call anyone a fanboy.
PS4 alone isn't going to save Sony anyway unless they can get every man, woman, and child in civilized countries to buy 2 of them.
PS4 alone isn't going to save Sony anyway unless they can get every man, woman, and child in civilized countries to buy 2 of them.
Posted on 2/25/14 at 11:45 pm to GalvoAg
quote:
so all you fanboys are getting worked up over nothing
quote:
GalvoAg
You are oblivious to what you post
This post was edited on 2/25/14 at 11:50 pm
Posted on 2/25/14 at 11:48 pm to GalvoAg
quote:
Yeah about two million more than Xbone, probably close to three after Japan's launch.
US? PS4 is also launching in WAY more countries than the Xbone so the numbers aren't really a fair comparison.
But I agree. People who constantly fight about which console is better are stupid. And the people that claim they are the "master race" because they play on a computer are equally as ignorant.
ETA: I'm an Xbone guy but even I can admit PC is the best gaming "console"
I prefer to play with a console though because my friends are on it and I like having a media center.
This post was edited on 2/25/14 at 11:50 pm
Posted on 2/25/14 at 11:49 pm to stout
I wasn't directing it at you stout, I actually appreciate you posting the article. This board needs more topics of discussion.
Posted on 2/25/14 at 11:49 pm to Henry Jones Jr
quote:
And the people that claim they are the "master race" because they play on a computer are equally as ignorant.
Says the peasant.
Posted on 2/25/14 at 11:50 pm to GalvoAg
I wasn't being a dick but you have to see the irony in it.
Posted on 2/25/14 at 11:50 pm to Henry Jones Jr
quote:
US?
Everywhere
Posted on 2/25/14 at 11:50 pm to stout
quote:
Says the peasant.
I added to my post, arse.
Posted on 2/25/14 at 11:51 pm to GalvoAg
quote:
Everywhere
I know that but "everywhere" is way more countries than the Xbone. The Xbox is mainly an American/British console.
Posted on 2/26/14 at 1:17 am to stout
Am I the only one who thinks it would be hilarious if Microsoft ends up buying the PS rights?
Posted on 2/26/14 at 1:19 am to Henry Jones Jr
To be honest, PS's only holding that matters internationally is the Japanese market.
I don't care how many consoles you sell.
The market share that matters is North America, Japan, and to a far lesser extent the EU/Kangaroo land.
I don't care how many consoles you sell.
The market share that matters is North America, Japan, and to a far lesser extent the EU/Kangaroo land.
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