Forum - View topicNEWS: Sony, Sharp Report Record Annual Losses
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potatochobit
 Posts: 1373 Location: TEXAS |
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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
 Posts: 2210 Location: Tokyo, Japan |
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Owwwwwww...
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configspace
Posts: 3717 |
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FYI more than half of that, $3.7 billion, is from deferred tax assets.
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enurtsol
 Posts: 14889 |
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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
Posts: 676 Location: Cambridge, United Kingdom |
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So guys, I hear the Nintendo 3DS was a failure and the PlayStation Vita is selling amazingly?
Oh wait... |
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TarsTarkas
 Posts: 5936 Location: Virginia, United States |
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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 Posts: 24156 |
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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
 Posts: 703 |
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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
Posts: 703 |
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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
Posts: 798 |
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every company is losing money, the world itself is getting into huge economic crises.
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Primus
 Posts: 2817 Location: Toronto |
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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. 
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TarsTarkas
Posts: 5936 Location: Virginia, United States |
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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
Posts: 703 |
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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.
Besides SEGASammy won't be around much longer, because they're expanding into a larger company called Sega Orbi. |
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Primus
Posts: 2817 Location: Toronto |
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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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