If Sony doesn't announce the PS4 at E3 2012, they are officially doomed

So they can lose another billion dollars launching a new expensive console? That idea is just crazy enough to work.meetroid8

Yeap lol

I highly doubt there will be a ps4 before the 10 year life cycyle.

It will most likely send them bankrupt, they do not have the financial strength of microsoft to keep competing.

So the fanboys can

1) keep finding multiple accounts

2) bend over and accept it

They are currently profiting on the PS3 for years now and as well as Vita. They can obviously release the PS4 with an actual profit if they are going to learn by their mistakes on the PS3. Not releasing the system in the near future is completely stupid and who ever believes that is an idiot.XenogearsMaster

[QUOTE="meetroid8"][QUOTE="Evo_nine"]

Yeap lol

I highly doubt there will be a ps4 before the 10 year life cycyle.

It will most likely send them bankrupt, they do not have the financial strength of microsoft to keep competing.

So the fanboys can

1) keep finding multiple accounts

2) bend over and accept it

XenogearsMaster

Downgrading Sony

Earlier this month, Fitch Ratings downgraded Sony's long- term ratings to "BBB-," one level above junk, from "BBB," citing difficulties in reviving the money-losing TV business and deals that won't improve profit.

Sony, the world's No. 3 TV maker, is streamlining its main TV operation, which is estimated to lose 175 billion yen in the year to March. Last month, Sony predicted it will post a loss in the year to March 31 after the company slashed its TV sales target and the yen reached a postwar high.

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Next to Junk status? do you realise what this means?

It means that the bond holders are at risk of never receiving their capital in return.

Sony is far from fine. Even if they were to make any sort of profit from ps3 sales, their other divisions are perfoming very badly.

Developing a next gen console will require many more billions of investment on their part, and in this economic climate it does NOT make sense.

weak USD & EURO is not helping them.

Hmm, well if the PS4 isn't announced this E3, then it'd be understandable given Sony's current situation. Besides, I think a stronger focus on Vita may be just what they need to boost its lacklustre sales.

"The maker of Walkman music players and PlayStation consoles has declined 52 percent this year, valuing the company at $18 billion, down from more than $100 billion in September 2000. Samsung has risen 12 percent in Seoul this year and Apple has jumped 25 percent."

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Incredible,

Sony used to be a $100b company.

It currently has a market cap of $18b and most of it is debt.

The writing is on the wall IMO. Sad.

"In response to the Fitch ratings downgrde, the Sony CEO simply replied "Dont worry investors, its another alt account"

The next day Sony filed for bankruptcy."

"The maker of Walkman music players and PlayStation consoles has declined 52 percent this year, valuing the company at $18 billion, down from more than $100 billion in September 2000. Samsung has risen 12 percent in Seoul this year and Apple has jumped 25 percent."

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Incredible,

Sony used to be a $100b company.

It currently has a market cap of $18b and most of it is debt.

The writing is on the wall IMO. Sad.

Evo_nine

Link.

Even worse, they only have $7.53 Billion to spend in cash & are $13.12 Billion in debt.

[QUOTE="Evo_nine"]

"The maker of Walkman music players and PlayStation consoles has declined 52 percent this year, valuing the company at $18 billion, down from more than $100 billion in September 2000. Samsung has risen 12 percent in Seoul this year and Apple has jumped 25 percent."

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Incredible,

Sony used to be a $100b company.

It currently has a market cap of $18b and most of it is debt.

The writing is on the wall IMO. Sad.

garland51

Even worse, they only have $7.53 Billion to spend in cash & are $13.12 Billion in debt.

[QUOTE="Evo_nine"]

"The maker of Walkman music players and PlayStation consoles has declined 52 percent this year, valuing the company at $18 billion, down from more than $100 billion in September 2000. Samsung has risen 12 percent in Seoul this year and Apple has jumped 25 percent."

-------------------------------------------------------------------------------------------------------------------------------------------------------

Incredible,

Sony used to be a $100b company.

It currently has a market cap of $18b and most of it is debt.

The writing is on the wall IMO. Sad.

garland51

Link.

Even worse, they only have $7.53 Billion to spend in cash & are $13.12 Billion in debt.

Microsoft PE = 9

Sony PE = 29!!!!! overvalued much?? haha

Well, I'm sure you know best. Perhaps you should contact Sony's top brass. I'm sure they'd love to hear your intricate theories on business operations.

Well, I'm sure you know best. Perhaps you should contact Sony's top brass. I'm sure they'd love to hear your intricate theories on business operations.

clone01

[QUOTE="clone01"]

Well, I'm sure you know best. Perhaps you should contact Sony's top brass. I'm sure they'd love to hear your intricate theories on business operations.

reach3

Like I said, you apparently know best. I'm certain you're at the helm of a multi-billion dollar corporation, correct?

[QUOTE="reach3"][QUOTE="clone01"]

Well, I'm sure you know best. Perhaps you should contact Sony's top brass. I'm sure they'd love to hear your intricate theories on business operations.

clone01

Like I said, you apparently know best. I'm certain you're at the helm of a multi-billion dollar corporation, correct?

You mean a multi-billion in-debt corporation? No, I can't say I helm a company with those standards.reach3

It must be great to know more about business then sony.

Agreed TC