Sony May Be Split in Two CompaniesAdded: Tuesday, August 13th, 2013
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
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Sony claimed that any financial results that show it making a profit for the first time in a few years shouldn’t actually be regarded as a comeback. The company said that its electronics division still faces hard times ahead and only had its nadgers pulled out of the fire by a very weak yen.
At the moment the company is facing pressure from activist shareholder Daniel Loeb’s proposal to split the company. The shareholder wants Sony to spin off 1/5 of its money into an entertainment division which will take care of the films, TV and music the company owns. Apparently, he believes that it will make the company more transparent and accountable.
In the meantime, Sony’s financial announcement might give some weight to his demands, as the company logged an operating profit of $370 million in the 2nd quarter of 2013. The company’s Xperia smartphones have sold quite well and Sony lowered its yen exchange rate on so-called assumptions that will boost its earnings from sales abroad while cutting costs.
The company claimed that its consumer electronics were in trouble and Sony had cut full-year sales targets for products from PCs to TVs to video cameras. The company’s chief financial officer Masaru Kato claimed that Sony did well first quarter results, although he sounds pessimistic about the future.
It is known that the company has been restructuring like a mad thing, and its TV business demonstrated the greatest progress from streamlining with an operating profit for the quarter. Actually, that was the first time it has made money in the last 3 years. In addition, the company admitted it expected its game division to fall into the red this year, because Sony would have to pay development costs over its new PlayStation 4 console.
August 13th,2013Posted by:
Tuesday, August 13th, 2013
|Hm... Good Info SaM...|
|posted by (2013-08-13 19:12:27)|
|"The company admitted it expected its game division to fall into the red this year, because Sony would have to pay development costs over its new PlayStation 4 console."|
If pre-orders are any indication Sony should be making a profit on the console within a year.
|posted by (2013-08-13 19:53:01)|
|Maybe the profits will sort out the mess they have made with the screens and issues with the Sony Xperia Z. A phone I wouldnt recommend until the screens are rectified.|
|I really want them to call one of the resultant companies "nadgers".|
|Ray186 youre an idiot. 1. they lose money on each game console, but make it up with games, that's always the case. 2. youre basing your lame comment on pre-order numbers ROFLMFAO at your complete stupidity.|
|How is he an idiot for saying that? He said: "If pre-orders are any indication Sony should be making a profit on the console within a year." Are any indication, meaning: he wasn't sure. Not knowing something doesn't make you an idiot. You simply might not know how something works, doesn't mean you can't learn. An idiot would be someone who is too stupid to understand it, period. Don't just jump at a chance to call someone an idiot (for nothing). 12 year olds do that. Grow up..|
|I heard that SONY stands for Standard Oil New York which I think would make them Rockefeller owned which would means they have no worries about money, as Rockefeller's are part of the 1% that owns 99%. aka money isn't a worry for them.|
|Sony is Japanese, not American and (mainly) an electronics company, NOT an oil company.|
|Why not face trouble! SONY led TV failed to support most of the|
video formats even mkv.So technologically backdated they are making
speakers with no display. Every time you play mp3 from usb drive u
have start from beginning L O L.
They deserve it.
|eddie2bets that used to be the case you idiot now with off the shelf parts sony will turn a profit of the ps4 and game licencing will be a different money maker you silly retarded schlong sucker|
|I don't know what the screens are like in the rest of the world but the Sony screens in their TVs and phones are pretty decent here in the UK. The Xperia Z is one of the best top of the range smartphones on the market and Sony's bravia engine really makes them stand out|
|Eddie, call people idiots and show your own stupidity. Forbes did an article about who makes what off a full price ps3 game. Third party games sony only makes 7$ per game. First party they fared much better.|
Also your comment about them using that dismal amount to offset the console losses adds to your display of stupidity as they have publicly stated what their console plans are well in advance of launch usually.
They launch a console with an expected loss schedule like you say, however they don't plan to make it up in games. It's a loss schedule, where they plan at a certain point to turn the corner into profit. That's why they have planned each of their last 2 consoles to have a 10 year life span. To maximize profits once they turn that corner into profit. They put out a new console knowing their going to be making a loss for 1 year, 2 years, maybe 3. Think the ps3 was originally supposed to be at 3 years before they started earning profit on it, but I do believe they turned the corner into profit much earlier due to the 360's red ring of death, can't remember at the moment.
Now big sales games like bf3 or others do rack up large amounts for them even with that 7$ per sale, but you also have to look at most of that money probably going into development for the next console. the ps3 took at least 6 years to develop, keep that in mind.
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