Sony Shares Tumble to 31 Year Low Amid Record Losses - BBC

Psionic Roshambo · May 13, 2012

soulx said:
Hyro-Sama said:

Sony will bounce back. Buy now while it's cheap.

Click to expand...

A+++++ advice from analyst Hyro-Sama.

I would call it a gamble... Not that stocks are not always a gamble but my opinion of Sony right now is a little more risky than normal. They have been selling off assets and have had their credit rating reduced a couple of times and are reporting huge losses for the past 4 years running. If Sony could make some sort of comeback in a big market be it TV's or Music or Movies or Video Games an investment right now could pay off pretty big down the line, but I would hold off a little while longer as I doubt that this is the bottom of the price curve.

Best time to invest, right before they announce the PS4 there will be a jump in stock price for like 3 days. Sell at that point as it will nose dive after the excitement wears off.

Edit: First chunk of text is for long term investors the second is more for day trades.

tbgtbg · May 13, 2012

ferofax said:
If Sony and Ericsson's partnership didn't end so soon, they might have been able to make the Vita as a full-fledged gaming smartphone, kinda like how the Xperia Play does for the PSP. that would have been so much win, a smart phone with actual game buttons and dual analogs with monster specs.

also, they should start bundling their TVs with PS3s (or the other way around). this should help their ridiculously expensive TVs into actually churning out some sales. hell, they should release a TV with BUILT-IN PS2/PS3 capabilities. no other company has done that, nor thought of it. only Sony is currently in a position to actually try something crazy like that, and crazy might just be what they need. that could be their new Walkman. sure, it'd be expensive, but hey, built-in PS3? so much win.

While TV's with built in crap sound really cool on paper, in practice they not really a very good idea. If the TV part breaks, you're out both a TV and a PS3. If the PS3 part breaks, you gotta buy a new PS3, yet you still have this useless thing sitting there on your TV mocking you.

DSGamer64 · May 14, 2012

Fibrizo said:
Nintendo isn't even Sony's biggest competition. Panasonic, Samsung, Apple, LG, hell even fucking SHARP is just raping them in the electronics division, from televisions to music players, from headphones to cell phones.

Pretty much yeah. Sony really, I mean really, shot themselves in the foot with the PS3. They have been taking such a huge financial hit from it for so long, that recovery is nearly impossible, and when their products are effectively selling at retail for about a 10% profit, they aren't making enough money.

I wonder how long before Sony finally conceeds and starts shutting down certain divisions. They can't compete in any market because of poor business decisions and horrible products that are either overpriced, or just really really bad. Really poor business decisions with the PS3 and even the Vita, have really hurt them as a company. People don't want expensive products in today's economy, people want quality and affordability, neither of which Sony offers.

Guild McCommunist · May 14, 2012

DSGamer64 said:
Pretty much yeah. Sony really, I mean really, shot themselves in the foot with the PS3. They have been taking such a huge financial hit from it for so long, that recovery is nearly impossible, and when their products are effectively selling at retail for about a 10% profit, they aren't making enough money.

I wonder how long before Sony finally conceeds and starts shutting down certain divisions. They can't compete in any market because of poor business decisions and horrible products that are either overpriced, or just really really bad. Really poor business decisions with the PS3 and even the Vita, have really hurt them as a company. People don't want expensive products in today's economy, people want quality and affordability, neither of which Sony offers.

Um, gaming has actually been a rather positive area for them in recent years, the PS3 was successful for them. Not PS2 levels of success, but in the end it made them money and also really helped show how "selling on a loss" can work.

I really don't see why people here insist on railing on Sony's gaming division when it's probably been the most positive aspect of their company.

EDIT: And if you want to go say "NO THEY'RE NOT LOOK AT THIS!", it even explains part of that comes from floods in Taiwan, the other part is just PS3 sales being down (but it's also like 7 years into its lifespan, by this time they should really be entering in a new console).

DSGamer64 · May 14, 2012

Guild McCommunist said:
DSGamer64 said:

Pretty much yeah. Sony really, I mean really, shot themselves in the foot with the PS3. They have been taking such a huge financial hit from it for so long, that recovery is nearly impossible, and when their products are effectively selling at retail for about a 10% profit, they aren't making enough money.

I wonder how long before Sony finally conceeds and starts shutting down certain divisions. They can't compete in any market because of poor business decisions and horrible products that are either overpriced, or just really really bad. Really poor business decisions with the PS3 and even the Vita, have really hurt them as a company. People don't want expensive products in today's economy, people want quality and affordability, neither of which Sony offers.

Click to expand...

Um, gaming has actually been a rather positive area for them in recent years, the PS3 was successful for them. Not PS2 levels of success, but in the end it made them money and also really helped show how "selling on a loss" can work.

I really don't see why people here insist on railing on Sony's gaming division when it's probably been the most positive aspect of their company.

EDIT: And if you want to go say "NO THEY'RE NOT LOOK AT THIS!", it even explains part of that comes from floods in Taiwan, the other part is just PS3 sales being down (but it's also like 7 years into its lifespan, by this time they should really be entering in a new console).

The Playstation division was far more profitable during the PS2 days, and would have started being profitable a few years ago had they released the PS3 originally with a more afforable price point in mind. The PS2 sold like hot cakes because it had both a great library at launch and a good price of 299, that's pretty much what they needed with the PS3 and got neither. So Sony is losing money in all of their departments, which really isn't a good sign. I think they need to get back to basics with all of their products, stop making computers that no one will buy because they are expensive, MP3 players that never sell because the iPod is the most adopted by the music industry, and just make quality products that people will buy. No more hardware standards like the Memory Stick either.

Foxi4 · May 14, 2012

@[member='DSGamer64']

The PS2 was incredibly expensive for its time, you don't count the increase of pay nor the values of currency exchange into the equation at all. In the times of the PS2, the dollar was top dog compared to the Yen, nowadays the value of a dollar plummeted and the Yen keeps on getting stronger which is incredibly bad for business.

A price of $299 was previously unheard of (unless you count the console slash pc monstrosities of the 80'ties), it was a new high, much like the price of the PS3. Both consoles were expensive at the time of their release.

The Gamecube launched at $199.95, did that help it get the upper-hand? No, it did not sell as well despite being superior to the PS2 in many ways. Why? Because the PS2 had a lot backing it up - multimedia features, adapters for networking, IDE expansion, multitap, a massive library of titles and a headstart.

What really matters are the delicate balance between features and the price and a bloody good marketing scheme. To this day the PS3 is the BluRay player of choice - this feature alone helped sales and the situation was similar with the PS2 and its DVD drive. Your hardware needs to "do things" and Sony has that part covered. What would've really helped Vita would be better timing, but like in the case of the PS3, people will eventually realize that the competition simply "does less".

I see the PS4 in bright colours. Many gamers are disappointed in the Wii, even more with the Kinect. This is their moment to shine - if the timing is right, the features are there and the price reflects the status of our economy and is set to be in the buyer's reach, even if a tad expensive, they're in for a win.

Clarky · May 14, 2012

Foxi4 said:
@[member='DSGamer64']
Because the PS2 had a lot backing it up - multimedia features, adapters for networking, IDE expansion, multitap, a massive library of titles and a headstart.

while i won't argue about your argument about why the ps2 did better than the gamecube, the gamecube did have a network adapter and no need for a multitap

Foxi4 · May 14, 2012

clarky said:
Foxi4 said:

@[member='DSGamer64']
Because the PS2 had a lot backing it up - multimedia features, adapters for networking, IDE expansion, multitap, a massive library of titles and a headstart.

Click to expand...

while i won't argue about your argument about why the ps2 did better than the gamecube, the gamecube did have a network adapter and no need for a multitap

That was not my point. My point was that the Gamecube brought nothing more to the plate. Sure, it had built-in slots for 4 players, but the PS2 offered Multitap for next to nothing. Sure, it had a network adapter, but no IDE drive, no multimedia capabilities and no network infrastructure, rendering the connection a "multiplayer only" add-on.

lostdwarf · May 14, 2012

Guild McCommunist said:
DSGamer64 said:

Pretty much yeah. Sony really, I mean really, shot themselves in the foot with the PS3. They have been taking such a huge financial hit from it for so long, that recovery is nearly impossible, and when their products are effectively selling at retail for about a 10% profit, they aren't making enough money.

I wonder how long before Sony finally conceeds and starts shutting down certain divisions. They can't compete in any market because of poor business decisions and horrible products that are either overpriced, or just really really bad. Really poor business decisions with the PS3 and even the Vita, have really hurt them as a company. People don't want expensive products in today's economy, people want quality and affordability, neither of which Sony offers.

Click to expand...

Um, gaming has actually been a rather positive area for them in recent years, the PS3 was successful for them. Not PS2 levels of success, but in the end it made them money and also really helped show how "selling on a loss" can work.

I really don't see why people here insist on railing on Sony's gaming division when it's probably been the most positive aspect of their company.

EDIT: And if you want to go say "NO THEY'RE NOT LOOK AT THIS!", it even explains part of that comes from floods in Taiwan, the other part is just PS3 sales being down (but it's also like 7 years into its lifespan, by this time they should really be entering in a new console).

Urm...People here "insist on railing on Sony's gaming division" because they are loosing money.
"the other part is just PS3 sales being down (but it's also like 7 years into its lifespan, by this time they should really be entering in a new console"
hmm did you forget that sony have pledged that PS3 has a FULL 10 year life span.
It should be top of the game by now.

One more thing... If I were sony, and a flood wrote off a lot of stock/assets by chance... I would also take the oppertunity to add my mahoosive PS3 losses into that number just to keep it all in one place.

Evo.lve · May 14, 2012

1132 yen? That's... about 15 dollars Australian... which means, I can afford shares in Sony! Not that I'd want them, of course.

emigre · May 14, 2012

Evo.lve said:
1132 yen? That's... about 15 dollars Australian... which means, I can afford shares in Sony! Not that I'd want them, of course.

Buy low, sell high. Or considering the present state of Sony, buy low, sell even lower.

Evo.lve · May 14, 2012

emigre said:
Evo.lve said:

1132 yen? That's... about 15 dollars Australian... which means, I can afford shares in Sony! Not that I'd want them, of course.

Click to expand...

Buy low, sell high. Or considering the present state of Sony, buy low, sell even lower.

I was referring to both the fact that a) Sony is a shit company, and b) their stock perfomance has been horrible.

I'm happy with my cut of Queensland Rail.

MelodieOctavia · May 14, 2012

Damn, I never knew we had this many business analysts on the 'Temp! If I ever wanted to start my own business or get into stocks, this is the first place I would come to! :rolleyes:

MelodieOctavia · May 14, 2012

emigre said:
TwinRetro said:

Damn, I never knew we had this many business analysts on the 'Temp! If I ever wanted to start my own business or get into stocks, this is the first place I would come to!

Click to expand...

Buy low, sell high. And you're sorted.

If it really was that simple, everyone would be rolling in cash.

emigre · May 14, 2012

TwinRetro said:
Damn, I never knew we had this many business analysts on the 'Temp! If I ever wanted to start my own business or get into stocks, this is the first place I would come to!

Buy low, sell high. And you're sorted.

emigre · May 14, 2012

I was joking.

I acknowledge that joke was shit in response and vow not to use it again.

Veho · May 14, 2012

TwinRetro said:
emigre said:

Buy low, sell high. And you're sorted.

Click to expand...

If it really was that simple, everyone would be rolling in cash.

It really is that simple. Predicting the future is the tricky part.

Foxi4 · May 14, 2012

Veho said:
TwinRetro said:

emigre said:

Buy low, sell high. And you're sorted.

Click to expand...

If it really was that simple, everyone would be rolling in cash.

Click to expand...

It really is that simple. Predicting the future is the tricky part.

All you need is a driver's license and Libyan plutonium.

MelodieOctavia · May 14, 2012

If I only knew where I put that damn flux capacitor...

Joe88 · May 14, 2012

Foxi4 said:
All you need is a driver's license and garbage.

fix'd

Sony Shares Tumble to 31 Year Low Amid Record Losses - BBC

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Canadian, Eh?

(not on boat)

Canadian, Eh?

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Endless Trash

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All that you could be.

Deck head

All that you could be.

Just your friendly neighborhood Transbian.

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