Sony's 4th Quarter Profits Down a Whopping 95 Percent

In a time when we're hearing bad news coming from basically every company out there, Sony's 4th quarter numbers are a notch below the rest: a 95% drop in profits.

A 95% drop sounds more like an accounting loss - they knew sales would be down (abysmally so) and they had other losses to write off so why not toss it in the one quarter? That way next quarter (regardless of sales) is going to soar...

Who cares if profits are down 95 % they made a 400 Million YEN profit that's all that matters :lol:

link?DireOwl

http://www.google.com/hostednews/ap/article/ALeqM5gHqEoLle79Wp7nEztgSq6Hy8yHQAD960Q0MG1

[QUOTE="DireOwl"]link?scaryteddy

http://www.google.com/hostednews/ap/article/ALeqM5gHqEoLle79Wp7nEztgSq6Hy8yHQAD960Q0MG1

Thank you.:)

On topic: That really is not good for Sony... not good at all.

Who cares if profits are down 95 % they made a 400 Million YEN profit that's all that matters :lol:

Erik_Lensherr

Didn't Q4 just start?II-FBIsniper-II

Q4 just started...it ends in MarchEVOLV3

Someone doesn't know how fiscal quarters work :P (not you)

Q4 just started...it ends in MarchEVOLV3

Q4 just started...it ends in MarchEVOLV3

:? something isn't right here...

[QUOTE="II-FBIsniper-II"]Didn't Q4 just start?EVOLV3

I think TC meant Q3. The link says October - December sales.

its not looking good for sony right now, hopefully they can bounce back from this.hiphop_quotable

Who cares if profits are down 95 % they made a 400 Million YEN profit that's all that matters :lol:

Erik_Lensherr

Who cares if profits are down 95 % they made a 400 Million YEN profit that's all that matters :lol:

Erik_Lensherr

[QUOTE="hiphop_quotable"]its not looking good for sony right now, hopefully they can bounce back from this.nervmeister

I hope they will market it well, but I doubt it.

[QUOTE="Erik_Lensherr"]

Who cares if profits are down 95 % they made a 400 Million YEN profit that's all that matters :lol:

nintendo-4life

Who cares if profits are down 95 % they made a 400 Million YEN profit that's all that matters :lol:

If I'm investing in Sony stock they better dang well return more than a few pennies for the stock that I own.stiltzsy

Since Sony stock has tanked from 52 to 20 in the last six months or so, pennies are the least of their worries!

[QUOTE="stiltzsy"][QUOTE="Erik_Lensherr"]

Who cares if profits are down 95 % they made a 400 Million YEN profit that's all that matters :lol:

muffin200

sucks for sony, but on the bright side nintendo is swimming in money and microsoft... i really dont know but they are probly making money off the xbox and other softwarebox0rocks

This this?

I don't know why 360 fanboys are using this as bragging rights and ownage making joke threads and laughing they don't know how serious this is worldwide not just sony m$ and many other companys are having financial problems as well if this keeps happening many more companies will cut jobs including maybe your parents alot of people will be broke and homeless alot of crimes will occur and starvation has any of you ever read of the great depression we won't be worried about games we will be worried about finding food to eat.

we just need to pray and thank God that we have food on our tables now and have all these electronics we love so much and we need to stop laughing at companies losing money and cutting jobs lets just hope that the economy makes a comeback.

fn Bush I still can't believe cost this country trillions :(

Thanks George Bush not only have you screwed up our economy, foreign image, environement, and self esteem you have also destroyed our video game console makers.

[QUOTE="EVOLV3"]Q4 just started...it ends in Marchmuffin200

Thanks George Bush not only have you screwed up our economy, foreign image, environement, and self esteem you have also destroyed our video game console makers.

acsguitar

Just to show how bad it really is.

Just to show how bad it really is.

blue_hazy_basic

also who cares when that money is not in or out of any of our pocketshiryu3

if this continues... say bye-bye to the playstation brand

[QUOTE="hiryu3"]also who cares when that money is not in or out of any of our pocketsogvampire

if this continues... say bye-bye to the playstation brand

[QUOTE="blue_hazy_basic"]

Just to show how bad it really is.

surrealnumber5

[QUOTE="ogvampire"]

[QUOTE="hiryu3"]also who cares when that money is not in or out of any of our pocketssurrealnumber5

if this continues... say bye-bye to the playstation brand

thats true, but alot of the work for hardware is outsourced...

blue_hazy_basic

[QUOTE="surrealnumber5"][QUOTE="blue_hazy_basic"]

blue_hazy_basic

I don't know why 360 fanboys are using this as bragging rights and ownage making joke threads and laughing they don't know how serious this is worldwide not just sony m$ and many other companys are having financial problems as well if this keeps happening many more companies will cut jobs including maybe your parents alot of people will be broke and homeless alot of crimes will occur and starvation has any of you ever read of the great depression we won't be worried about games we will be worried about finding food to eat.

we just need to pray and thank God that we have food on our tables now and have all these electronics we love so much and we need to stop laughing at companies losing money and cutting jobs lets just hope that the economy makes a comeback.

fn Bush I still can't believe cost this country trillions :(

tek91