According to several of those stock market smart guys you always hear tale of, Sony’s fiscal year revenue results may not be looking so hot. Apparently, they may post the biggest loss in 4 years equaling close to $630 million (that’s US dollars kids).
For the most part, the huge loss is due primarily to slow Playstation 3 sales (well, duh). The article specifically sites the fact that the poor PS3 is currently in the 3rd place position behind the Wii and Xbox360 and speculates that this is mostly due to insufficient production. It seems that the losses tallied by their games division will outweigh the profits from both the electronics and movie divisions combined. So all that money they just raked in from the record breaking box-office sales of Spidey 3 this month still weren’t enough to counter the PS3′s sluggish performance.
Now, you may argue that they new they weren’t going to make a profit on the PS3′s for several years. That’s just a calculated business decision. However, I don’t think the loss was supposed to be quite this vast. At least not judging by the reaction to this news. I guess we’ll just have to wait and see if the new management over there at the Sony games lair will be enough to pull this sucker out of one terribly frightening nose dive.






don’t be a sony hater.
Just calling it like I see it. I didn’t even infuse this post with any of my usual Sony haterism. So I’m getting better.