Sony's financial disaster: SCE's Q2 841 million dollar loss

[Julius Seeker]

Part 2 that is, they lost 914 million in their Q4 (Jan-March)

www.sony.net/SonyInfo/IR/financial/fr/07q2_sony.pdf

SCE lost 841 million last quarter (July-September). So much for turning things around. Their optimistic views after losing only 237 million Q1 (April-June) quarter seem to be just a break in the storm winds.

[Zeus]

Overall the company was in a gain, so they're not exactly crying. They've already told the investors that the PS3 will be a drain going into next year so they're not gonna have any real hit on their shares anyways. Heck, they kept going up this year even though the division was getting slaughtered at every quarterly report.

Funny lot these investors. "Oh, we only lost $900M instead of the $1.2B we expected". Investors hear that and the shares go up....

[Julius Seeker]

Their electronics sector just barely covered the losses of their gaming sector. Anyway, their stock has been trading off for lower and lower steadily since they announced their quarterly financials for Q4 earlier this year. It's down about 20%. The bottom line is profits would be several times higher without the Playstation brand, at this time; Shareholders are not going to be happy with this.

[SineSwiper]

Meanwhile, Nintendo is making a ton of money off of their cheap console, and Microsoft isn't doing too bad, either, now that their new Elite console isn't overheating.