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NEWS: Sony, Sharp Report Record Annual Losses




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potatochobit



Joined: 26 Aug 2009
Posts: 1373
Location: TEXAS
PostPosted: Wed Apr 11, 2012 1:00 am Reply with quote
alot of these companies attempted to throw money at their problems when what they should have done is cut back. For many years, Sony has lost touch with what made them a great company - innovation and the quality behind it. It is obvious the problem lies with the people in charge and their vision of the future.
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mewpudding101
Industry Insider


Joined: 07 Apr 2009
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Location: Tokyo, Japan
PostPosted: Wed Apr 11, 2012 2:51 am Reply with quote
Owwwwwww...
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configspace



Joined: 16 Aug 2008
Posts: 3717
PostPosted: Wed Apr 11, 2012 4:32 am Reply with quote
FYI more than half of that, $3.7 billion, is from deferred tax assets.
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enurtsol



Joined: 01 May 2007
Posts: 14886
PostPosted: Wed Apr 11, 2012 5:55 am Reply with quote
Murder, She wrote:

Sony reported a loss of 520 billion yen (US$6.4 billion) for the year that ended on March 31, while Sharp reported a loss of 380 billion yen (US$4.7 billion).


Don't forget Panasonic would be 780 billion yen (US$10.24 billion).

Furthermore for Sharp:

Sharp, struggling with massive losses, will sell 121 million new shares worth about 66.9 billion yen ($808 million) to Hon Hai, which will also take half of Sharp’s 93% interest in a huge LCD plant in western Japan.

Hon Hai, parent of manufacturing giant Foxconn which makes products for major names including Apple, will own about 10% of Sharp stock after the sale, making it the Japanese firm’s biggest shareholder.

The Taiwan firm agreed to take about half the LCD screens produced at the loss-making factory in Sakai in a partnership aimed at creating stable demand for the TV panels.

The deal, which saw Sharp shares jump over 15% the next day, was also unusual because Japan’s big electronics makers have traditionally been reluctant to sell large chunks of their business to foreign companies.

“This deal indicates that the mindsets of Japanese enterprises are changing,” said Mars Hsu, analyst at Grand Cathay Securities in Taipei.

“It will not be the last of its kind… as Taiwan needs advanced technologies from Japan while providing its Japanese partners with cheaper manufacturing capabilities.”

The deal comes after Japan’s struggling NEC Corp, which plans to cut about 10,000 jobs, merged its personal computer unit with China’s Lenovo, which itself purchased IBM’s PC business in 2005.

Chinese appliance maker Haier bought the washing machine and refrigerator business of Panasonic subsidiary Sanyo, which allowed the Japanese conglomerate to focus on specialty areas such as high-end batteries.

For Hon Hai, the Sharp deal is a cheap buy because it means gaining access to a sought-after technology called active-matrix organic light-emitting diode (AMOLED), which is used in mobile phone displays by rivals including Samsung.

“The amount of the deal is not too much as it may enable Foxconn to obtain some core technologies developed by Sharp and long sought by Foxconn,” said Jerry Wu, analyst at Capital Securities in Taipei.
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Ryu Shoji



Joined: 15 Jul 2009
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Location: Cambridge, United Kingdom
PostPosted: Wed Apr 11, 2012 8:47 am Reply with quote
So guys, I hear the Nintendo 3DS was a failure and the PlayStation Vita is selling amazingly?

Oh wait...
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TarsTarkas



Joined: 20 Dec 2007
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Location: Virginia, United States
PostPosted: Wed Apr 11, 2012 11:31 am Reply with quote
Ryu Shoji wrote:
So guys, I hear the Nintendo 3DS was a failure and the PlayStation Vita is selling amazingly?

Oh wait...


I could be wrong, but I believe it is the TV market that is tanking, and not the gaming console market.
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Blood-
Bargain Hunter



Joined: 07 Mar 2009
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PostPosted: Wed Apr 11, 2012 11:35 am Reply with quote
Yep, there's a reason why HDTVs have come down in price so much over the last few years: everybody seems to be selling them at a loss.
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GrilledEelHamatsu



Joined: 02 Sep 2009
Posts: 703
PostPosted: Wed Apr 11, 2012 12:15 pm Reply with quote
TarsTarkas wrote:
Ryu Shoji wrote:
So guys, I hear the Nintendo 3DS was a failure and the PlayStation Vita is selling amazingly?

Oh wait...


I could be wrong, but I believe it is the TV market that is tanking, and not the gaming console market.


It's still a BIG deal.

Sony's main revenue is electronics FYI, not games.

This is their 4th straight year of losses, if they continue, SCEI will go bankrupt and Sony will leave the hardware business.
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GrilledEelHamatsu



Joined: 02 Sep 2009
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PostPosted: Wed Apr 11, 2012 12:17 pm Reply with quote
Ryu Shoji wrote:
So guys, I hear the Nintendo 3DS was a failure and the PlayStation Vita is selling amazingly?

Oh wait...


That's fine by me. As long as Sony struggles, it gives the Toyko arcade company they defeated 10 years ago, the ability to re-enter the home game consumer business.
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Banjo



Joined: 13 Dec 2010
Posts: 798
PostPosted: Wed Apr 11, 2012 12:56 pm Reply with quote
every company is losing money, the world itself is getting into huge economic crises.
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Primus



Joined: 01 Mar 2006
Posts: 2814
Location: Toronto
PostPosted: Wed Apr 11, 2012 3:12 pm Reply with quote
GrilledEelHamatsu wrote:
Ryu Shoji wrote:
So guys, I hear the Nintendo 3DS was a failure and the PlayStation Vita is selling amazingly?

Oh wait...


That's fine by me. As long as Sony struggles, it gives the Toyko arcade company they defeated 10 years ago, the ability to re-enter the home game consumer business.


You mean the same Tokyo arcade company who just posted a $90 million loss, and said they were downscaling their largely unprofitable video game publishing arm? Yes, I am certain SEGA Sammy will throw a few billion to get into the console race again. Rolling Eyes
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TarsTarkas



Joined: 20 Dec 2007
Posts: 5925
Location: Virginia, United States
PostPosted: Wed Apr 11, 2012 4:31 pm Reply with quote
GrilledEelHamatsu wrote:
TarsTarkas wrote:
Ryu Shoji wrote:
So guys, I hear the Nintendo 3DS was a failure and the PlayStation Vita is selling amazingly?

Oh wait...


I could be wrong, but I believe it is the TV market that is tanking, and not the gaming console market.


It's still a BIG deal.

Sony's main revenue is electronics FYI, not games.

This is their 4th straight year of losses, if they continue, SCEI will go bankrupt and Sony will leave the hardware business.


Never said it wasn't a big deal, just differentiating which division was losing the money. If the losses are big enough, profits from other divisions won't be enough to cover the losses.
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GrilledEelHamatsu



Joined: 02 Sep 2009
Posts: 703
PostPosted: Wed Apr 11, 2012 8:25 pm Reply with quote
Primus wrote:
GrilledEelHamatsu wrote:
Ryu Shoji wrote:
So guys, I hear the Nintendo 3DS was a failure and the PlayStation Vita is selling amazingly?

Oh wait...


That's fine by me. As long as Sony struggles, it gives the Toyko arcade company they defeated 10 years ago, the ability to re-enter the home game consumer business.


You mean the same Tokyo arcade company who just posted a $90 million loss, and said they were downscaling their largely unprofitable video game publishing arm? Yes, I am certain SEGA Sammy will throw a few billion to get into the console race again. Rolling Eyes
Wow? Serious sour grapes on your part.

SEGASammy who's been making strong domestic profit & who's net worth is $23 billion is happy to be getting rid of their 3rd party division.

I don't even know why I'm talking to an informed gamer anyway. Rolling Eyes

Besides SEGASammy won't be around much longer, because they're expanding into a larger company called Sega Orbi.
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Primus



Joined: 01 Mar 2006
Posts: 2814
Location: Toronto
PostPosted: Wed Apr 11, 2012 8:52 pm Reply with quote
GrilledEelHamatsu wrote:
Primus wrote:
GrilledEelHamatsu wrote:
Ryu Shoji wrote:
So guys, I hear the Nintendo 3DS was a failure and the PlayStation Vita is selling amazingly?

Oh wait...


That's fine by me. As long as Sony struggles, it gives the Toyko arcade company they defeated 10 years ago, the ability to re-enter the home game consumer business.


You mean the same Tokyo arcade company who just posted a $90 million loss, and said they were downscaling their largely unprofitable video game publishing arm? Yes, I am certain SEGA Sammy will throw a few billion to get into the console race again. Rolling Eyes
Wow? Serious sour grapes on your part.

SEGASammy who's been making strong domestic profit & who's net worth is $23 billion is happy to be getting rid of their 3rd party division.

I don't even know why I'm talking to an informed gamer anyway. Rolling Eyes

Besides SEGASammy won't be around much longer, because they're expanding into a larger company called Sega Orbi.


The Pachinko side (which is Sammy) is the one making the major money. SEGA (as in the software side) has either lost money, or made chump change. If they aren't profitable as a third party who should have less internal staff than a first party, there's no way they can go to support a new platform.

I guess I forgot I was talking to the delusional SEGA fan again. So I'm sure you'll reply to me about how well Binary Domain sold, or how that RingEdge arcade board from a few years back obviously means SEGA plans on re-entering the console space.
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