Sony Posts Financial Loss of $3.2 Billion Dollars

Discussion in 'User Submitted News' started by jerome27, May 23, 2011.

  1. jerome27
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    jerome27 Banned

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    Multiple sites are reporting this news:

    Source No 2: Bloomberg.com

    Now here's the important part. The first article mentions that "unexpectedly reported a third straight annual loss." This means Sony has continued to lose money ever since they posted a massive profit loss of 4.7 billion dollars just three years ago. (SOURCE)

    And it really looks like the hacker situation has really destroyed the image of the company.
     
  2. ShawnTRods

    ShawnTRods GBAtemp Psycho!

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    Shit, thats a big load!
    But yeah, hacker situation did change a lot for them.
     
  3. Langin

    Langin GBAtemp's kpop addict

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    Oh my god. This is shit for them, for us. Oh my gosh. This may mean the end of Playstation so soon... nah I don´t hope so for the fan-boys I am not that bad.
     
  4. shaosam

    shaosam Advanced Member

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    Holy shit. I wonder what this will mean for the video game industry in general...
     
  5. FAST6191

    FAST6191 Techromancer

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    Apologies for my laziness but did this come as a proper financial report or just a simple earnings report?

    Attempting to pre-empt doomsayers even if Sony (or divisions of) lacks liquid funds as a result of all this remember they have serious IP assets. Still forgoing some knockon effects for a moment couldn't have happened to a nicer bunch of people.
     
  6. s4mid4re

    s4mid4re  

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    first Square Enix, then Sony.

    I wonder who's next...
     
  7. SamAsh07

    SamAsh07 GBAtemp Addict

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    Rockstar, obviously.
     
  8. InuYasha

    InuYasha Professional Coke Fiend

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    So how much of that is lawyer fees? [​IMG]
     
  9. narutofan777

    narutofan777 GBAtemp Advanced Fan

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    that is a lot of money, some one needs to get fired
     
  10. VashTS

    VashTS Beat it, son

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    thats what they get for making a stink. i hope they go out of business or get bought out by someone with some good ethics and smart product design.

    should have left well enough alone.
     
  11. smile72

    smile72 NewsBot

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    I feel sorry for Sony, I hope they're able to get through this.
     
  12. DSGamer64

    DSGamer64 Canadian, Eh?

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    3.2 billion for all divisions, though I am sure they lost less in their gaming division then in others. I think there is so much competition for the TV market now and with Sharp and Samsung constantly bringing out new technology and improving their products at a faster rate then Sony, plus lower price points generally, they are winning that industry. And it's not like Sony has much in the mobile device market really, don't think they make computers anymore, they have some hardware, Blu Ray players, phones and things like that but they don't have enough profitable assets to keep them afloat forever. The company is floating on a wreckage right now and they need to get their act together as a company real fast lest they face commercial failure.
     
  13. TheDarkSeed

    TheDarkSeed I'm a pretentious sack of shit

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    Sales must be terrible. I thought they'd be saving money with all the people they've been laying off. Maybe they need to lay off workers that are higher in the food chain...