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05-30-2007, 9:21 PM
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May 16 (Bloomberg) -- Sony Corp., the world's second-largest consumer electronics maker, reported its biggest loss in four years after the PlayStation 3 game console failed to spur as much demand as Nintendo Co.'s Wii player. The net loss totaled 67.6 billion yen ($562 million) in the three months ended March 31, from 66.5 billion yen a year earlier, Tokyo-based Sony said in a statement today. The company posted a 111.1 billion yen loss in the quarter ended March 2003. PlayStation 3 is being outsold by Wii by about two to one, causing a loss at Sony's game division, its second-largest by revenue. The loss exceeded profits from electronics such as Bravia televisions, and the movie unit, whose ``Spider-Man 3'' generated record box-office sales when it opened this month. ``The extent of the recovery in the game business will be the main theme this fiscal year,'' Naoki Fujiwara, who oversees $720 million at Shinkin Asset Management Co. in Tokyo, said before the earnings announcement. For the year ending March 2008, Sony forecasts net income of 320 billion yen, more than double the 126.3 billion yen for the year just ended, on sales of Bravia liquid-crystal display televisions and a narrower loss at the games division. Sales for the quarter rose 13 percent to 2.09 trillion yen. Its operating loss, or sales minus the cost of goods sold and administrative expenses, widened to 113.4 billion yen from a 62.2 billion yen loss a year earlier. The earnings compare with estimates for a net loss of 75.8 billion yen on sales of 2.02 trillion yen, based on a Bloomberg survey on 11 analysts prior to the announcement. -- Posted via a free Usenet account from http://www.teranews.com | ||
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05-30-2007, 9:21 PM
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On Fri, 18 May 2007 18:24:43 -0400, "Sammus McMoldenus" <Sammussuckithbliggys****th@underhismommysdress.cu m> wrote: > May 16 (Bloomberg) -- Sony Corp., the world's second-largest consumer >electronics maker, reported its biggest loss in four years after the >PlayStation 3 game console failed to spur as much demand as Nintendo Co.'s >Wii player. > >The net loss totaled 67.6 billion yen ($562 million) in the three months >ended March 31, from 66.5 billion yen a year earlier, Tokyo-based Sony said >in a statement today. The company posted a 111.1 billion yen loss in the >quarter ended March 2003. > >PlayStation 3 is being outsold by Wii by about two to one, causing a loss at >Sony's game division, its second-largest by revenue. The loss exceeded >profits from electronics such as Bravia televisions, and the movie unit, >whose ``Spider-Man 3'' generated record box-office sales when it opened this >month. > >``The extent of the recovery in the game business will be the main theme >this fiscal year,'' Naoki Fujiwara, who oversees $720 million at Shinkin >Asset Management Co. in Tokyo, said before the earnings announcement. > >For the year ending March 2008, Sony forecasts net income of 320 billion >yen, more than double the 126.3 billion yen for the year just ended, on >sales of Bravia liquid-crystal display televisions and a narrower loss at >the games division. > >Sales for the quarter rose 13 percent to 2.09 trillion yen. Its operating >loss, or sales minus the cost of goods sold and administrative expenses, >widened to 113.4 billion yen from a 62.2 billion yen loss a year earlier. > >The earnings compare with estimates for a net loss of 75.8 billion yen on >sales of 2.02 trillion yen, based on a Bloomberg survey on 11 analysts prior >to the announcement. PS3 being outsold by the Wii 2 to 1?? That's the biggest bull**** I've ever heard lol. More like 5 to 1. | ||
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05-30-2007, 9:21 PM
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"Bullseye" <bulls@ei.com> wrote in message news:8ecs43denc5qaol95fkhf15k9m25q6dd4j@4ax.com... > On Fri, 18 May 2007 18:24:43 -0400, "Sammus McMoldenus" > <Sammussuckithbliggys****th@underhismommysdress.cu m> wrote: > >> May 16 (Bloomberg) -- Sony Corp., the world's second-largest consumer >>electronics maker, reported its biggest loss in four years after the >>PlayStation 3 game console failed to spur as much demand as Nintendo Co.'s >>Wii player. >> >>The net loss totaled 67.6 billion yen ($562 million) in the three months >>ended March 31, from 66.5 billion yen a year earlier, Tokyo-based Sony >>said >>in a statement today. The company posted a 111.1 billion yen loss in the >>quarter ended March 2003. >> >>PlayStation 3 is being outsold by Wii by about two to one, causing a loss >>at >>Sony's game division, its second-largest by revenue. The loss exceeded >>profits from electronics such as Bravia televisions, and the movie unit, >>whose ``Spider-Man 3'' generated record box-office sales when it opened >>this >>month. >> >>``The extent of the recovery in the game business will be the main theme >>this fiscal year,'' Naoki Fujiwara, who oversees $720 million at Shinkin >>Asset Management Co. in Tokyo, said before the earnings announcement. >> >>For the year ending March 2008, Sony forecasts net income of 320 billion >>yen, more than double the 126.3 billion yen for the year just ended, on >>sales of Bravia liquid-crystal display televisions and a narrower loss at >>the games division. >> >>Sales for the quarter rose 13 percent to 2.09 trillion yen. Its operating >>loss, or sales minus the cost of goods sold and administrative expenses, >>widened to 113.4 billion yen from a 62.2 billion yen loss a year earlier. >> >>The earnings compare with estimates for a net loss of 75.8 billion yen on >>sales of 2.02 trillion yen, based on a Bloomberg survey on 11 analysts >>prior >>to the announcement. > > > PS3 being outsold by the Wii 2 to 1?? That's the biggest bull**** I've > ever heard lol. More like 5 to 1. How do you figure 5-1? PS3 has sold well over 3 million worldwide and the Wii has just over 7 million. | ||
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05-30-2007, 9:21 PM
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On Fri, 18 May 2007 19:46:55 -0400, "Tom" <noway@nothere.com> wrote: >How do you figure 5-1? PS3 has sold well over 3 million worldwide and the >Wii has just over 7 million. I see, they meant in total, I thought they meant for this month. This month Wii sold it about 5 to 1 and the month before a little less. | ||
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05-30-2007, 9:21 PM
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"Bullseye" <bulls@ei.com> wrote in message news:8ecs43denc5qaol95fkhf15k9m25q6dd4j@4ax.com... > On Fri, 18 May 2007 18:24:43 -0400, "Sammus McMoldenus" > <Sammussuckithbliggys****th@underhismommysdress.cu m> wrote: > > > May 16 (Bloomberg) -- Sony Corp., the world's second-largest consumer > >electronics maker, reported its biggest loss in four years after the > >PlayStation 3 game console failed to spur as much demand as Nintendo Co.'s > >Wii player. > > > >The net loss totaled 67.6 billion yen ($562 million) in the three months > >ended March 31, from 66.5 billion yen a year earlier, Tokyo-based Sony said > >in a statement today. The company posted a 111.1 billion yen loss in the > >quarter ended March 2003. > > > >PlayStation 3 is being outsold by Wii by about two to one, causing a loss at > >Sony's game division, its second-largest by revenue. The loss exceeded > >profits from electronics such as Bravia televisions, and the movie unit, > >whose ``Spider-Man 3'' generated record box-office sales when it opened this > >month. > > > >``The extent of the recovery in the game business will be the main theme > >this fiscal year,'' Naoki Fujiwara, who oversees $720 million at Shinkin > >Asset Management Co. in Tokyo, said before the earnings announcement. > > > >For the year ending March 2008, Sony forecasts net income of 320 billion > >yen, more than double the 126.3 billion yen for the year just ended, on > >sales of Bravia liquid-crystal display televisions and a narrower loss at > >the games division. > > > >Sales for the quarter rose 13 percent to 2.09 trillion yen. Its operating > >loss, or sales minus the cost of goods sold and administrative expenses, > >widened to 113.4 billion yen from a 62.2 billion yen loss a year earlier. > > > >The earnings compare with estimates for a net loss of 75.8 billion yen on > >sales of 2.02 trillion yen, based on a Bloomberg survey on 11 analysts prior > >to the announcement. > > > PS3 being outsold by the Wii 2 to 1?? That's the biggest bull**** I've > ever heard lol. More like 5 to 1. da PS3 iz outcellin alda udderz kombind!!!!!!!!!!!! da PS3 iz outcellin yu XFLop 1.5 thre-shiity fool sirkil fanfaireez 10000000000000000000000000000000000000000000000000 000000000000000000021!!!!! !!!!!!!!!!!!!! | ||
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05-30-2007, 9:21 PM
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On May 18, 6:24 pm, "Sammus McMoldenus" <Sammussuckithbliggysdic...@underhismommysdress.cu m> wrote: > May 16 (Bloomberg) -- Sony Corp., the world's second-largest consumer > electronics maker, reported its biggest loss in four years after the > PlayStation 3 game console failed to spur as much demand as Nintendo Co.'s > Wii player. > > The net loss totaled 67.6 billion yen ($562 million) in the three months > ended March 31, from 66.5 billion yen a year earlier, Tokyo-based Sony said > in a statement today. The company posted a 111.1 billion yen loss in the > quarter ended March 2003. > > PlayStation 3 is being outsold by Wii by about two to one, causing a loss at > Sony's game division, its second-largest by revenue. The loss exceeded > profits from electronics such as Bravia televisions, and the movie unit, > whose ``Spider-Man 3'' generated record box-office sales when it opened this > month. > > ``The extent of the recovery in the game business will be the main theme > this fiscal year,'' Naoki Fujiwara, who oversees $720 million at Shinkin > Asset Management Co. in Tokyo, said before the earnings announcement. > > For the year ending March 2008, Sony forecasts net income of 320 billion > yen, more than double the 126.3 billion yen for the year just ended, on > sales of Bravia liquid-crystal display televisions and a narrower loss at > the games division. > > Sales for the quarter rose 13 percent to 2.09 trillion yen. Its operating > loss, or sales minus the cost of goods sold and administrative expenses, > widened to 113.4 billion yen from a 62.2 billion yen loss a year earlier. > > The earnings compare with estimates for a net loss of 75.8 billion yen on > sales of 2.02 trillion yen, based on a Bloomberg survey on 11 analysts prior > to the announcement. > > -- > Posted via a free Usenet account fromhttp://www.teranews.com While Sony's game division is posting mammoth losses, the company as a whole is forecasting $3.8 billion in profits for this fiscal year (ending March 2008). It's kind of funny that right now it's the rest of the company supporting the game division when only a few years ago, Sony would have been blown off the map if it weren't for the Playstation brand. At least Sony's finally admitting that they screwed the pooch on this launch (http://www.gulfnews.com/business/Tec...10126629.html). At this point, all they could really do is improve. I really do hope they turn this thing around because there needs to be healthy competition. Plus, I need my cheap PS3 in a couple years LOL. | ||
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05-30-2007, 9:21 PM
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On May 18, 4:46 pm, "Tom" <n...@nothere.com> wrote: > "Bullseye" <b...@ei.com> wrote in message > > news:8ecs43denc5qaol95fkhf15k9m25q6dd4j@4ax.com... > > > > > > > On Fri, 18 May 2007 18:24:43 -0400, "Sammus McMoldenus" > > <Sammussuckithbliggysdic...@underhismommysdress.cu m> wrote: > > >> May 16 (Bloomberg) -- Sony Corp., the world's second-largest consumer > >>electronics maker, reported its biggest loss in four years after the > >>PlayStation 3 game console failed to spur as much demand as Nintendo Co.'s > >>Wii player. > > >>The net loss totaled 67.6 billion yen ($562 million) in the three months > >>ended March 31, from 66.5 billion yen a year earlier, Tokyo-based Sony > >>said > >>in a statement today. The company posted a 111.1 billion yen loss in the > >>quarter ended March 2003. > > >>PlayStation 3 is being outsold by Wii by about two to one, causing a loss > >>at > >>Sony's game division, its second-largest by revenue. The loss exceeded > >>profits from electronics such as Bravia televisions, and the movie unit, > >>whose ``Spider-Man 3'' generated record box-office sales when it opened > >>this > >>month. > > >>``The extent of the recovery in the game business will be the main theme > >>this fiscal year,'' Naoki Fujiwara, who oversees $720 million at Shinkin > >>Asset Management Co. in Tokyo, said before the earnings announcement. > > >>For the year ending March 2008, Sony forecasts net income of 320 billion > >>yen, more than double the 126.3 billion yen for the year just ended, on > >>sales of Bravia liquid-crystal display televisions and a narrower loss at > >>the games division. > > >>Sales for the quarter rose 13 percent to 2.09 trillion yen. Its operating > >>loss, or sales minus the cost of goods sold and administrative expenses, > >>widened to 113.4 billion yen from a 62.2 billion yen loss a year earlier. > > >>The earnings compare with estimates for a net loss of 75.8 billion yen on > >>sales of 2.02 trillion yen, based on a Bloomberg survey on 11 analysts > >>prior > >>to the announcement. > > > PS3 being outsold by the Wii 2 to 1?? That's the biggest bull**** I've > > ever heard lol. More like 5 to 1. > > How do you figure 5-1? PS3 has sold well over 3 million worldwide Isn't that the shipped number and not the sales number? > and the > Wii has just over 7 million.- Hide quoted text - > > - Show quoted text - | ||
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05-30-2007, 9:21 PM
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<mordacpreventor@hotmail.com> wrote in message news:1179771930.520294.189480@y2g2000prf.googlegro ups.com... > On May 18, 4:46 pm, "Tom" <n...@nothere.com> wrote: >> "Bullseye" <b...@ei.com> wrote in message >> >> news:8ecs43denc5qaol95fkhf15k9m25q6dd4j@4ax.com... >> >> >> >> >> >> > On Fri, 18 May 2007 18:24:43 -0400, "Sammus McMoldenus" >> > <Sammussuckithbliggysdic...@underhismommysdress.cu m> wrote: >> >> >> May 16 (Bloomberg) -- Sony Corp., the world's second-largest consumer >> >>electronics maker, reported its biggest loss in four years after the >> >>PlayStation 3 game console failed to spur as much demand as Nintendo >> >>Co.'s >> >>Wii player. >> >> >>The net loss totaled 67.6 billion yen ($562 million) in the three >> >>months >> >>ended March 31, from 66.5 billion yen a year earlier, Tokyo-based Sony >> >>said >> >>in a statement today. The company posted a 111.1 billion yen loss in >> >>the >> >>quarter ended March 2003. >> >> >>PlayStation 3 is being outsold by Wii by about two to one, causing a >> >>loss >> >>at >> >>Sony's game division, its second-largest by revenue. The loss exceeded >> >>profits from electronics such as Bravia televisions, and the movie >> >>unit, >> >>whose ``Spider-Man 3'' generated record box-office sales when it opened >> >>this >> >>month. >> >> >>``The extent of the recovery in the game business will be the main >> >>theme >> >>this fiscal year,'' Naoki Fujiwara, who oversees $720 million at >> >>Shinkin >> >>Asset Management Co. in Tokyo, said before the earnings announcement. >> >> >>For the year ending March 2008, Sony forecasts net income of 320 >> >>billion >> >>yen, more than double the 126.3 billion yen for the year just ended, on >> >>sales of Bravia liquid-crystal display televisions and a narrower loss >> >>at >> >>the games division. >> >> >>Sales for the quarter rose 13 percent to 2.09 trillion yen. Its >> >>operating >> >>loss, or sales minus the cost of goods sold and administrative >> >>expenses, >> >>widened to 113.4 billion yen from a 62.2 billion yen loss a year >> >>earlier. >> >> >>The earnings compare with estimates for a net loss of 75.8 billion yen >> >>on >> >>sales of 2.02 trillion yen, based on a Bloomberg survey on 11 analysts >> >>prior >> >>to the announcement. >> >> > PS3 being outsold by the Wii 2 to 1?? That's the biggest bull**** I've >> > ever heard lol. More like 5 to 1. >> >> How do you figure 5-1? PS3 has sold well over 3 million worldwide > > > Isn't that the shipped number and not the sales number? > No, Sony has sold that many PS3s. They have shipped well over 6 million and I am sure the manufacturing location(s) is/are rather idle right now. > >> and the >> Wii has just over 7 million.- Hide quoted text - >> >> - Show quoted text - > > | ||
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