Well yeah, of course an electronics company is going to have some heavy hits in their electronics division when their hardware becomes obsolete. It's nice that they're trying to mitigate those losses though. At least they still have TVs, Consoles, and their much larger array of IPs and general entertainment products.
Dragonbums said:
A $1.27 billion dollar loss. They didn't even recuperate the $5 billion dollar loss that the PS3 at launch blew a hole in.
Oh man, I wonder where are all the Sony Doomers?
Sony has $151.13 Billion in assets and $28.52 Billion in equity.
I'd say that they're going to get a lot smaller in the coming years but doom isn't anywhere close. But to put this all in perspective they made $72.35 Billion in Revenue last year. In the grand scheme of things being $1.27 Billion is really close to breaking even (from Sony's perspective). I mean, even with that $72.35 Billion Revenue they only came away with $458 Million in net profit. This is most likely a sign that they are pumping huge amounts of money into research to make the future of their business viable. Frankly, this is how the books should look at such a momentous shift in tech.
Their main industries are changing. They will drop and have to shed the dead weight. It's particularly hard this time because it isn't tape changing to CD. It's disk player changing to streaming/storage device. Something that is essentially the eventual death of physical media as we know it. Sony is just lucky that they have branched out so far over the past several decades.
