The MagicBox Forums  

Go Back   The MagicBox Forums > Console Specifics > Sony Discussion

Reply
 
Thread Tools Display Modes
Old 02-02-2012, 03:24 AM   #1
darren
... lol
 
darren's Avatar
 
Join Date: Jul 2006
Location: Ippy O Switch, UK
Posts: 11,819
Sony Is Bleeding Money (Again)

whoops

http://kotaku.com/5881530/sony-is-bleeding-money

Quote:
Today, Sony announced its recent financials, and the Tokyo-based electronics giant is hemorrhaging money.

For the fourth year in a row, Sony is in the red. This March, the company should post an annual loss of US$2.9 billion, Reuters reported. The loss is worse than expected.

The company is battling slow sales and a strong yen, which is pounding the company hard. Last year's earthquake in Japan as well as the flooding in Thailand disrupted production, eating into sales.

This comes as former PlayStation boss Kaz Hirai takes the reins as the company's CEO.

"It won't be easy for Sony to regain its lost ground under new leadership, as its overall competitiveness has sharply weakened," Kim Young-Chan, analyst at Shinhan Investment Corp in Seoul, told Reuters.

"It's got structural problems that will take years to fix. "It's not just Sony but Japanese IT firms have similar problems. They are failing to innovate and produce industry-leading products in almost every major area from TVs to displays, tablets and smartphones."

Sony is keeping its forecasts for LCD televisions, but cut its PS3 sales forecast.

According to analysts, in the past few years, Sony has failed to lead the way with innovation. Hirai will need to establish a strong vision for the company if it is going to become profitable
__________________
Currently playing : Mass Effect 3
Playing next : Tales of the Abyss
Waiting on : Diablo 3
XBL Herr Lip Steam Butters' Bottom Bitch (http://steamcommunity.com/id/buttersbottombitch)
darren is offline   Reply With Quote
Old 02-02-2012, 05:48 AM   #2
Zack
Registered User
 
Zack's Avatar
 
Join Date: Apr 2002
Posts: 1,019
nobody buys their phones, and most ppl who buy TVs just buy whatever is cheap and big (vizio, insignia, etc ) and don't care about quality.. iirc their gaming division only just started to generate profit in 2011?
Zack is offline   Reply With Quote
Old 02-02-2012, 05:53 AM   #3
darren
... lol
 
darren's Avatar
 
Join Date: Jul 2006
Location: Ippy O Switch, UK
Posts: 11,819
i'd say samsung are hitting them harder than cheap brands with tvs tbh
__________________
Currently playing : Mass Effect 3
Playing next : Tales of the Abyss
Waiting on : Diablo 3
XBL Herr Lip Steam Butters' Bottom Bitch (http://steamcommunity.com/id/buttersbottombitch)
darren is offline   Reply With Quote
Old 02-02-2012, 06:21 AM   #4
Zack
Registered User
 
Zack's Avatar
 
Join Date: Apr 2002
Posts: 1,019
idk.. the time of the year tvs sell the most, at least in america, is during black friday when all those shitty brands have deals. samsung is definitely outselling sony though
Zack is offline   Reply With Quote
Old 02-02-2012, 07:36 AM   #5
darren
... lol
 
darren's Avatar
 
Join Date: Jul 2006
Location: Ippy O Switch, UK
Posts: 11,819
i think sony need to realise they are no longer considered a 'luxary' quality brand like they once were .. and tbh made real good money from that image. i see them as the same quality but over priced .. for the price of a 40" sony led i can get a much bigger panasonic or samsung .. just as good quality if not better and more feature rich .. thats there problem these days.
__________________
Currently playing : Mass Effect 3
Playing next : Tales of the Abyss
Waiting on : Diablo 3
XBL Herr Lip Steam Butters' Bottom Bitch (http://steamcommunity.com/id/buttersbottombitch)
darren is offline   Reply With Quote
Old 02-02-2012, 08:51 AM   #6
KingOfSentinels
Kossy
 
KingOfSentinels's Avatar
 
Join Date: Aug 2009
Location: Engrand.
Posts: 5,709
Yeah, it's not Sony itself being bad, their tech is still top-quality stuff, it's just that the other brands have caught up really. I've seen a lot if innovative concepts come from Sony, but they need to actually start pushing these out.
__________________
Currently Playing
'Too lazy to keep updating'
KingOfSentinels is offline   Reply With Quote
Old 02-02-2012, 12:28 PM   #7
Zack
Registered User
 
Zack's Avatar
 
Join Date: Apr 2002
Posts: 1,019
Quote:
Originally Posted by darren316 View Post
i think sony need to realise they are no longer considered a 'luxary' quality brand like they once were .. and tbh made real good money from that image. i see them as the same quality but over priced .. for the price of a 40" sony led i can get a much bigger panasonic or samsung .. just as good quality if not better and more feature rich .. thats there problem these days.
pretty much. samsung tvs are less expensive and either on par or better than sony's
Zack is offline   Reply With Quote
Old 02-02-2012, 12:52 PM   #8
Northeastmonk
Registered User
 
Northeastmonk's Avatar
 
Join Date: Mar 2006
Posts: 2,916
http://www.northcountrypublicradio.o...ringer-at-sony

Quote:
Feb 2, 2012 (Morning Edition) Sony has announced it's getting a new CEO. Welsh-born Howard Stringer, Sony's first non-Japanese leader, will be replaced by Japanese-born Kazuo Hirai. Stringer has long urged the company to have Hirai succeed him. Sony is struggling with falling sales, especially in its TV division, and a rising Yen.
Good radio broadcast on the subject.
Northeastmonk is offline   Reply With Quote
Old 02-02-2012, 09:20 AM   #9
Alucard
Registered User
 
Alucard's Avatar
 
Join Date: Apr 2002
Location: Australia
Posts: 32,639
DIE HORRIBLY WITH MY BLESSING!
Alucard is offline   Reply With Quote
Old 02-02-2012, 01:16 PM   #10
Einhander
The Risen Graphic Whore E-Penis!
 
Einhander's Avatar
 
Join Date: Mar 2008
Location: The Mysterious Far East
Posts: 6,492
Hopefully Kaz will make them profitable again.
__________________
Paper exe - PS3 is a great console with many good games and good features.

Alucard - My only mistake was playing it on the PC.

Joe Redifer - I keep buying this shit because my IQ is in the single digits.
Einhander is offline   Reply With Quote
Old 02-02-2012, 01:51 PM   #11
darren
... lol
 
darren's Avatar
 
Join Date: Jul 2006
Location: Ippy O Switch, UK
Posts: 11,819
to busy playing ridggggggggggggggggggggggggggggggggggggggggggge racer
__________________
Currently playing : Mass Effect 3
Playing next : Tales of the Abyss
Waiting on : Diablo 3
XBL Herr Lip Steam Butters' Bottom Bitch (http://steamcommunity.com/id/buttersbottombitch)
darren is offline   Reply With Quote
Old 02-02-2012, 02:21 PM   #12
Alucard
Registered User
 
Alucard's Avatar
 
Join Date: Apr 2002
Location: Australia
Posts: 32,639
Quote:
Originally Posted by darren316 View Post
to busy playing ridggggggggggggggggggggggggggggggggggggggggggge racer

Alucard is offline   Reply With Quote
Old 02-02-2012, 02:32 PM   #13
progmetal
!
 
progmetal's Avatar
 
Join Date: Mar 2005
Location: Norway
Posts: 4,597
No no no, you're writing it the wrong way every time darren. It's "Riiiiidge Racerrrrr".



__________________
Greater is He that is in you, than he that is in the world". AMEN!



Xbox 360 ID: progmetal (Silver)
PSN ID: Progmetal

Last edited by progmetal; 02-02-2012 at 03:10 PM.
progmetal is offline   Reply With Quote
Old 02-02-2012, 04:03 PM   #14
darren
... lol
 
darren's Avatar
 
Join Date: Jul 2006
Location: Ippy O Switch, UK
Posts: 11,819
You know .. Not being able to quote that tunt correctly leaves me in a happy place.
__________________
Currently playing : Mass Effect 3
Playing next : Tales of the Abyss
Waiting on : Diablo 3
XBL Herr Lip Steam Butters' Bottom Bitch (http://steamcommunity.com/id/buttersbottombitch)
darren is offline   Reply With Quote
Old 02-02-2012, 04:12 PM   #15
Northeastmonk
Registered User
 
Northeastmonk's Avatar
 
Join Date: Mar 2006
Posts: 2,916
You reallY shouldn't moch Kaz Harai because its ALL in his hands now.
Northeastmonk is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 03:48 PM.


Powered by vBulletin® Version 3.7.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.