Reuters: Sony may post $1.1 billion loss

lol, being 3rd in every market except the smallest one (japan) isn't the road to happines

Every company is losing money because of the state of the global economy...But when the economy picks up again so will these companies...I am just sorry at the people that are losing their jobs because of poor management on the economic side.

I haven't heard that Microsoft or Nintendo are losing money, though you're right that that may change this year.

you didnt see that article about Microsoft cutting thousands of jobs? it said the Xbox division was largely unaffected but it does show that the bad economy is hurting everyone.

and Nintendo hasnt really been affected because if you look at it, they are on top of the gaming world right now with the DS man handling the handheld market and the Wii cruising in the console department. they have no problem because their products allegedly print money.

But remember, the Yen is still weaker than a US$.

well isnt someone a "God Fearing John McCain Voting American"

@Doug: "Yen is still weaker"

No, the dollar is weaker. Don't let the conversion rate throw you off. Right now, a candy bar that's 89 Yen, you would expect to pay $1 for. However, if that same 89 Yen candy bar is $1.25 or $1.50 (as is becoming the case more and more), that means the dollar is weaker.

Yeah, they should keep charging what they're charging and sit on all that inventory that isn't moving.

Killjebus,
You're as ignorant about politics as anything else, can't say I'm surprised though. Let's see, which President never launched a successful military operation and presented such a weak face to the world that terrorist groups no longer feared American reprisals? Which President started the housing rush that's currently crippling the worldwide economy? Say what you will about Bush, but he inherited a shit ton of problems that just hadn't ripened yet.

I'm so confused... Why is LaughingTarget getting down-voted? As somebody who has a degree in Economics I can tell you everything he said is absolutely dead on.

However, I still expect Sony to make PS3 price cuts.

Wow WRE, I never thought I'd see a "B b b b but Clinton!" on a Joystiq thread. Good job.

What? Nobody wants to contest the point? Just vote me down for blaming everyone, not just the current administration? How much is CNN paying you guys? Can I get in on it?

I'll contest your point after you confess how much FOX News is paying you!

You forgot that anything a Democrat does is awesome! At least that's what it works out to when people rely on their party to think for them.

"Obama's economic actions are because Clinton had a surplus and Bush started wars!" lol

C'mon Levi, I'm not championing the Bush administration, I just want everybody to be fair and balanced. But if you really want to know...they pay me in oreos.

Wow, that's cool. All I get for my efforts is Kool-Aid :)

"Let's see, which President never launched a successful military operation and presented such a weak face to the world that terrorist groups no longer feared American reprisals?"

Bush, right?

WRE is right.

People hate Bush. A lot.That's because most people are civilians, and about 99% of all the good stuff Bush has been doing is rated Top Secret security clearance or above.

I will tell you this much. Dozens upon dozens of terrorist attacks on the U.S. have been stopped since 9/11. You just never hear about it. You also never hear about how more people have clean water and electricity in Iraq than did before we went in there.

Heres another little shocker for you. Yes, Im just another dumbass on the internet, but take from this what you will.

It is my humble belief, given what I know (and I pray to whatever God there is that Im wrong), that a major U.S. city, like Philly, NY, LA, will be destroyed by a thermonuclear bomb detonated by terrorists within the next 5 years.

Again. WRE is right. Bill Clinton slacked, or made the wrong choice. He did great things for the economy, wonderful things. But his time in office gave our enemies time to regroup and rearm. There was one point when we HAD BIN LADIN. The U.S. military had him! And Clinton said "let him go."

The economy is the least of our problems....

And for the record, I hate both McCain and Obama. On my ballot for President, I did a write in of "Optimus Prime." No joke.

I got voted down pretty much on the premise that there is no such thing as a stimulus package. Polling currently trends that the so-called "stimulus" is a good idea among the average American. They simply don't understand how a money supply works, how an economy works and how Governments don't actually make anything so any attempts to stimulate any sector requires resources to be taken from somewhere else. Because of this, Governments cannot stimulate the economy on the whole via spending practices. The only thing a Government can do to stimulate an economy is to do less and tax less.

We don't get voted up by being right, we get voted up by being popular. What I say is unpopular in times when the public is beginning to panic and looking to elected officials as the saviors. Sad reality is that this will only make things worse, Herbert Hoover and Franklin Delano Roosevelt's policies only proved that (despite common belief, Herbert Hoover started the New Deal program, FDR just took them further). Japan tried it throughout the 1990s and they now call it the lost generation. The Nikkei still hasn't recovered to their 1989 high, which was entirely because of what our current elected officials are going to do. This will be America's lost generation and Sony needs to see the fact that they'll not benefit by trying to price things to our weakening market. It simply won't be to their advantage.

in most markets a price drop usually means more sales, its more about trying to find an equilibrium price between the supply that they have and the demand for blu-ray/ps3, so that they can make the sales they need.

That's because Samsung makes pimp TVs at a lower price. I love my Sammy TV.

As do I. :)

There was no beating the original Walkman.

True that!

I use to buy Sony products too until my third Sony car stereo broke along with the Amp, I couldn't get a decent pair of headphones to last more then a month, and their sales people in the Sony stores started lying customers. In the 90's they made some good AV equipment at decent prices. Now my TV's from Panasonic, camera is a Canon, and I have a NAD receiver with PSB speakers.

As do I.

But I also bought my mom a Bravia and it is extremely pimp in its own right.

I have the same trend going on with buying less Sony as of late. I think their tv's have largely been too expensive over the last few years, so I haven't grabbed one. I really had to shop to find the best price on a Sony receiver in order to justify the purchase too. Oh, and I too love our Samsung tv!

People bust on the PS3 price point, but it seems that Sony has a lot of equipment that is priced higher for the mass market than the direct competition. It seemed to me that they have always had slightly higher prices in order to convey a feel of better quality. Of course, their quality in my experience has been pretty flawless.

Samsung is the best quality for LCD's for the price. I must say, though, that Sony's high end TV's do have better picture quality regardless of the fact that they are overpriced

not because im a sony fanboy or anything. but in my opinion i would wait just abit more so i can afford a sony tv,radio etc. samsung werent so good to me when i had them

dude! my 5.1, vcr!, and tv are samsung and totally badass (vcr not so much)

I agree with your opinions on price cuts, but not with your views on securing exclusives. They have plenty, just none that have made quite as big of an impact as the Halo trilogy.

They have exclusives this year, but I don't think any of them are newly secured. Most of the PS3's big exclusives are freebies from a time when developers still thought the PS3 would dominate. Sony Studio exclusives don't count as being "secured" though they are their strongest titles this year.

By exclusives, I mean third party exclusives. GTA could have, no-- should have been a timed exclusive on the PS3. Instead third parties are signing exclusive arrangements with Microsoft.

Anything first party obviously is exclusive, but I consider that internal, and not something that ever had a chance of appearing on another system.

Change guy to crook.

Changed.

Stringer isnt a crook.....lol.....

in MOST cases I'd agree that a CEO has been skim something off the top......but up until THIS year he Had pretty much Turned Sony around profit wise as compared to BEFORE he got there......

...you ever post a comment, then wish you hadn't because you're afraid no one will get the fact that you're just joking?

Before you take away all my precious, precious hearts please remember 2 things: The internet is not always serious business and I'm almost up to Ganon and I have no fairies!

joke or not.....the PS3 isnt wasnt causing Sonys troubles......its the Yen against the weakened US dollar and the economy.....fail.....proceed to be blasted into oblivion......

I enjoyed the Zelda reference

My advice? Don't worry about the silly heart system and just go with it. Even if people didn't get your joke it's not going to ruin your reputation.

I wouldn't be surprised if my own comment went one way or another for comedic effect (I dare you guys!).

As much as this sucks for them, holy crap for being profitable for 14 years!

I think you're on the money though - anytime you push a new bleeding edge tech, you pay huge costs for manufacturing and usually sell at a loss. Blu-Ray definitely contributed to that.

More so, they're getting serious competition in the HDTV space - when a common consumer walks into Best Buy and sees all of the TVs next to each other, they'll look pretty much the same and it's all about the price point at the time.

The fact that their PS3 is getting cheaper to manufacture and Home (supposedly) raked in 1mill in a month is probably a good sign that the PS division will stick around.

they pushed Blu-ray the year before as well........and its actually MORE profitable now than it was when first launched since prices for the diodes and other parts of the blu-ray player came down......the SCE prolly came out positive mostly thanks to the PS2......but its moreso the strengthening Yen.....