Sony Posts Financial Loss of $3.2 Billion Dollars

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

May 23, 2011
  1. jerome27
    OP

    Banned jerome27 Banned

    Joined:
    Apr 10, 2011
    Messages:
    148
    Country:
    United States
    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

    Member ShawnTRods GBAtemp Psycho!

    Joined:
    Mar 26, 2011
    Messages:
    4,288
    Location:
    London
    Country:
    United Kingdom
    Shit, thats a big load!
    But yeah, hacker situation did change a lot for them.
     
  3. Langin

    Member Langin GBAtemp's kpop addict

    Joined:
    Jul 29, 2008
    Messages:
    4,637
    Location:
    The Hague
    Country:
    Netherlands
    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

    Newcomer shaosam Advanced Member

    Joined:
    Apr 30, 2007
    Messages:
    59
    Country:
    United States
    Holy shit. I wonder what this will mean for the video game industry in general...
     
  5. FAST6191

    Reporter FAST6191 Techromancer

    pip
    Joined:
    Nov 21, 2005
    Messages:
    21,750
    Country:
    United Kingdom
    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

    Member s4mid4re  

    Joined:
    Apr 2, 2011
    Messages:
    1,669
    Country:
    United States
    first Square Enix, then Sony.

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

    Member SamAsh07 GBAtemp Addict

    Joined:
    Jan 27, 2009
    Messages:
    2,693
    Location:
    Bahrain
    Country:
    Bahrain
    Rockstar, obviously.
     
  8. InuYasha

    Member InuYasha Professional Coke Fiend

    Joined:
    Dec 8, 2007
    Messages:
    1,778
    Country:
    United States
    So how much of that is lawyer fees? [​IMG]
     
  9. narutofan777

    Member narutofan777 GBAtemp Advanced Fan

    Joined:
    Mar 27, 2010
    Messages:
    731
    Country:
    Afghanistan
    that is a lot of money, some one needs to get fired
     
  10. VashTS

    Member VashTS Beat it, son

    Joined:
    Mar 14, 2009
    Messages:
    3,658
    Location:
    Upstate NY
    Country:
    United States
    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

    Member smile72 NewsBot

    Joined:
    Sep 23, 2010
    Messages:
    1,755
    Location:
    ???
    Country:
    Japan
    I feel sorry for Sony, I hope they're able to get through this.
     
  12. DSGamer64

    Member DSGamer64 Canadian, Eh?

    Joined:
    Nov 9, 2007
    Messages:
    2,931
    Location:
    A cold cold place
    Country:
    Canada
    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

    Member TheDarkSeed I'm a pretentious sack of shit

    Joined:
    May 11, 2009
    Messages:
    1,180
    Location:
    Carson
    Country:
    United States
    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...
     

Share This Page