150°
Submitted by mrbojingles 678d ago | news

Sony share prices drop 11%, biggest decline in four years

Sony's share prices dropped today by 11% on the heels of another quarterly loss. This is the biggest drop for the company since 2008. (Industry, PS Vita, PS3, PS4, PSP, Sony)

animegamingnerd  +   678d ago
just more and more bad news about this industry today ):
#1 (Edited 678d ago ) | Agree(5) | Disagree(3) | Report | Reply
cloud495  +   678d ago
Yeah it sucks big time. Hopefully next gen announcements help the industry get back on their feet.
NewMonday  +   678d ago
As far as numbers go the plate should be clear for a better result next time after the money from the NY building sale kicks , and the biggest upcoming product should be the Xperia Z, after that the launch of the PS4. With the 2 products 2013 looks like a make or break year for Sony
joab777  +   678d ago
i hope so. Its sad that it is everything but their video game comlany that is dooing poorly. Though i think their biggest problem is pricing and adverstising. Everyone knows about Samsung. Sony has TV's and phones that are great quality. But they are either too expensive or no one knows about them or what sets them apart. They dont understand the west like Samsung does. They should merge. They would be giant killers. Imagine the strength and resources allocated to the ps4.
#1.1.2 (Edited 678d ago ) | Agree(3) | Disagree(3) | Report
G20WLY  +   678d ago
This is taken out of context for headline impact...

No mention of the fact that the share price recouped more than half of that fall almost immediately, as they often do, because that might lack sensationalism and cut potential hits for this awful website.

No mention of the fact that Sony shares rose by nearly 60% since start of year (11% drop after results announcement doesn't seem bad enough if you share that!) *source Reuters yesterday.

No mention of the fact that their share price peaked in 2001 (as was common at the time) - does that mean Sony has suffered ever since? Have we had a lack of software from Playstations? And were they poor quality?

Site is hit hunting with spin. GimmeGimmeABreak would be a better name imo lol
miyamoto  +   678d ago
gimmegimmegames.com is a low life site click bait site like Kotaku, IGN, MojoDojo, waste of time etc.
The_Infected  +   678d ago
I really hope Kaz turns Sony around soon they deserve to do great. I like PS3 better than anything out there by a mile and not to mention the incoming PS4!
whoyouwit04  +   678d ago
If you don't support the other console that is the problem with the industry, as long as people favor one console so much that they don't even attempt to give the others a chance the industry will continue downward. you can't truly favor one console if its the only console you have. Now I'm not saying you don't own all but that "I really hope Kaz turns Sony around soon they deserve to do great. I like PS3 better than anything out there by a mile and not to mention the incoming PS4" is a foolish fan boy statement. that should have been I hope all companies can make a turn around soon cause the industry is at its best when all companies are succeeding, They all deserve to do great not just Sony.
mwjw696  +   678d ago
"they deserve to do great" No they fucking do not. Sony fucked up bad the last 7+ years. We did not ruin Sony, Sony ruin Sony. Do we want them to fade away? FUCK NO! We want them to learn and come back leaner and better. I want them to inovate and push the market to be better. But dont spout this bullshit about "they deserve to do great" like they are family.

Fucking fanboys man...
darkride66  +   676d ago
What's that? The stock pulled back during a market dip after it ran up 60% in just a few weeks?

Get out of town.
whoyouwit04  +   678d ago
Poor poor Sony, with all the talk of ps4 I figured their shares would go up, Guess Sony is still a sinking ship.I really hope all 3 companies can get it together and get the Industry growing again. maybe if there wasn't the idiots blind loyalties to to buying one companies machine and dogging the others the industry would continue to grow. don't get me wrong there is nothing wrong with favoring one machine over the other cause I make it clear i favor my 360 over the rest of my consoles but at least I own them all. There have already fan boys who just wrote the 720 off in favor of the ps4, but I really have to ask why? I plan on doing the same thing next gen as this gen and that is to own all 3 consoles.
The_Infected  +   678d ago
@whoyouwit04

Some people don't have the money or time to get all the consoles so they choose the one that suites them best. I choose PS3 because I don't like any 360 games. Does that make me a fanboy? No. I just like PS3 and I like the exclusive games, free online, PS+, and the controllers better. So I have no reason to buy a 360 if there's nothing that intrest me about it. That's just a choice I make.
#2.1 (Edited 678d ago ) | Agree(15) | Disagree(9) | Report | Reply
majiebeast  +   678d ago
Sony should just quit the tv business or find a way to lower the costs and price competitively to Samsung and LG( LG which make crappy and poor build tv's but price point is everything with the economy being in the dumpster). Sony is now firmly in the black though which is a good thing and is sure to post a profit in Q4, and the Xperia Z seems to get alot of positive response and hype.

Its taking time for Kaz to turn the company around after Howard Stringer but if anyone can do it is him, the man has a vision and Playstation is a keystone to that which is good news for gamers.

PS3 is gonna have a killer year compared to 2012, the game's industry in general is gonna have a much better year, then the very lackluster 2012. Which only had a few remarkable title's in Journey,Walking dead,Far cry 3 and Dishonored there are more but not many.
#3 (Edited 678d ago ) | Agree(8) | Disagree(7) | Report | Reply
Good_Guy_Jamal  +   678d ago
How'd you figure they are back in the black? They made yet another loss this quarter. That Reuters article hadn't factored in taxes and other fees yet which why they reported just the operational income. In the end they were still 115 million in the red.
They are expected to pull out of it however through more job cuts and building sales.
G20WLY  +   678d ago
They already sold a building, which didn't make these figures.

I haven't seen any plans to sell more buildings or any other assets - and when did they announce job cuts? If you could provide a link, that would be great as I'd be interested to read that.
Lvl_up_gamer  +   677d ago
@ G20WLY

Sony Sold a building for $1.1 billion but used that cash to pay off $750 million worth of debt.

So how much help do you think that sold building is going to help them get back into the black?

Sony needs to stop the bleeding, not put a band-aid on it. Sony needs to generate more sales to offset their expenses. Job cuts are usually the first to happen since it would cost more to just stop producing products. When there are no more jobs to cut, then they start looking at their products.

If Sony can't get out of the red, expect job cuts in the near future.
G20WLY  +   677d ago
Lol thanks Levelup, you made my day! It’s in no way as simple as this, but okay, let’s work your numbers through and pretend there are no other impacting factors: 1.1bn (building)-750m (debt)-115m (net loss)=235m (in the black), does it not?!

And for the sake of adding clarity, my question was: “what other assets are they known to be selling and where were these impending job cuts reported?” Not: “might either of those things ever happen in the future?” lmao

I agree on one point though; these are not long term solutions. They are, however, common tactics to bolster results. The long term solution is, as you say, product development and sales – the former has just concluded a major cycle and who knows regarding the latter?

Share price is recovering today btw, but don’t take my word for it; google it. I’m sure we’ll see an article on that from this website too, just like they covered the 60% rise since start of year /s smh
mwjw696  +   678d ago
Sony tvs are over priced crap, they have been for years. Samsung, Sharp,Panasonic, and LG always have the best rated tvs year after year. Not a single Sony is mentioned.

http://reviews.cnet.com/273...

Go ahead look around Sony is 39th.

Sony is not in the Black. That Reuters article is explained by Good_Guy_Jamal.
Sophistocrat   678d ago | Spam
Cocozero  +   678d ago
No surprise the company as a whole is still in the red. Kaz said that the playsttion division whould save them but PS3 and Vita sales where lower than expected. Showing the ps3 still trailing the 360 by over 1.5ml and vita having its sales forcast cut again by 3ml.

If the PS4 doesnt take off it could be even worse news for Sony
#5 (Edited 678d ago ) | Agree(7) | Disagree(16) | Report | Reply
Ezz2013  +   678d ago
where the hell did you get that ps3 still behind xbox360 by 1 million ?!

ps34 sold 76million
while xbox sold 75.9million
http://n4g.com/comments/red...
ps3 is tie or ahead of xbox360

stop reading vgcharts ,dude
#5.1 (Edited 678d ago ) | Agree(8) | Disagree(8) | Report | Reply
vega275  +   678d ago
$ony bundled the ps2+ps3 together to get 6.8 million shipped. which doesn't tell how much the ps3 shipped at all. so unless you have proof that sony shipped more ps3 or even shipped 6 million ps3 within the quarter. then it could very well mean that the ps3 is still behind. since we still haven't heard any from sony announcing that they are ahead of the 360.

ontop: this isn't looking good for sony at all. especially withthe rumor of the ps4 announcment coming in a few days. with this much loses i wondering if they can really afford to take a lose on the hardware when it does release or will they go back to the $500-$600 price range.

edit:i don't see how i getting disagrees when sony's own finacial report shows they combined ps2 and ps3 together and got 6.8 million for the 4th quarter.
#5.1.1 (Edited 678d ago ) | Agree(6) | Disagree(14) | Report
Cocozero  +   678d ago
The PS3 was at 68ml at the end of the last quater. If you add 6.8ml to that its at 74.8ml. Thats the max the PS3 could be at but that would also mean that the PS2 sold nothing and we all know thats not true so thats why the gap is over 1.5ml :)
Lvl_up_gamer  +   677d ago
"stop reading vgcharts ,dude"

Says the guy who is comparing "SHIPPED" to "MARKET SHARE".

Ezz2013....SHIPPED numbers are NOT MARKET SHARE.

VGchartz tracks SOLD TO CUSTOMERS = MARKET SHARE...you know, the numbers that actually MEAN something.

The numbers YOU are using are SHIPPED numbers, which hold ZERO RELEVANCE and are meaningless.
#5.1.3 (Edited 677d ago ) | Agree(0) | Disagree(7) | Report
Ezz2013  +   678d ago
@cocozero
what the hell ?!...what world do you live in ?!
last quater ps3 was 70.2million ..not 68million
http://www.scoop.it/t/globa...

get your facts right and stop looking into vgcharts

and as for you
@vega275
ps2 numbers are at best 0.5 or 0.8million
while the rest are ps3 numbers
out of 6.8million
ps3 sold 6million and ps2 sold 0.8million
and BTW that the 3rd quarter for sony ...not the 4th quarter
#5.2 (Edited 678d ago ) | Agree(4) | Disagree(5) | Report | Reply
vega275  +   678d ago
please provide a link or proof as to the ps2 selling that low. cause i looked and can't find any. so unless you work for sony. i would gladly like to see that information since no one outside of sony has that info.

and i would like a link for the ps2 sales this year not last years figures or a few months ago. 4th quarter 2012 results please

you can pm me that if you need to...... i be waiting.
#5.2.1 (Edited 678d ago ) | Agree(3) | Disagree(5) | Report
Cocozero  +   678d ago
Lol i knew you would make that mistake. That 70ml announcement was made in November by Sony it WAS NOT what they where at when they announced their quarterly results (in Oct ) so they sold an additional 2ml during Oct to get to that.

Do better research next time, the is ps3 behind the 360 by over 1.5ml just accept that and move on ;)

@below
That report was just an estimate, do you really think Sony would give their finacial data out to a reaserch firm before their own investors? Serioulsy?
#5.2.2 (Edited 678d ago ) | Agree(3) | Disagree(8) | Report
shikamaroooo  +   678d ago
@Cocozero funny cause this report shows the PS3 ahead of the 360 by 1 million http://www.gamesindustry.bi... . Edit: mate its from 67 page report which costs $4500... You really think they would provide fake numbers? IDC have over 1000 analystys ...... Surely they would know more than you do
#5.2.3 (Edited 678d ago ) | Agree(7) | Disagree(5) | Report
Ezz2013  +   678d ago
@Cocozero

again what the hell ?!

you said (and you were wrong)
"The PS3 was at 68ml at the end of the last quater"

the last quarter was 70million ps3's
that report was from sony them self

1st quarter 63.9 million ps3 sold
2nd quarter 70million
3rd quarter 76million
#5.3 (Edited 678d ago ) | Agree(5) | Disagree(3) | Report | Reply
joeorc  +   677d ago
@Ezz2013
you are 100% correct.

Sony is the Last of the Three to give out and publish their Number's. at the end of sales Q2: sony was @70.2 million shipped. at the end of Q3: ITS OVER 76 MILLION
Pretty close I would say to 76.6 i would imagine, due to the last 3 year's prior to 2012 year sony has shipped 6.5 or 6.6 million for the Past 3 year's during that sales Quarter! what would change, demand lessning for the PS3? if that was true there would not be as much brisk sales if that was true.

the fact that in ever 3rd Sales Quarter since 2008 Sony has shipped over 6 million PS3's.the PS2 is no longer in production, so it's number's are not a larger number of those shipments.i doubt very much past 300,000 unit's!

the fact that, the three year's prior had Sony shipping over 6 million, does prove that with the damand for the PS3 has increased not waned in the past year, would show and increase or stable demand for the platform. so which is more likly to happen, Sony ship's more PS2's than the damands for the PS3 right now? they just stopped production on the PS2 completely during the 3rd Quarter!

I would understand the doubt of the PS3's number's if there was a deep reduction for demand of the PS3, but here it is 2013 and still selling world wide more unit's at a faster rate than the xbox360 in a shorter point of time. Microsoft had over a 1 year heard start and Had at one time over a 8 million unit lead. YET SOME EVEN ADMITTED WHO DISAGREED WITH YOU SAID IT'S 1.5 million still in xbox360's favor. that number is sale through data, which no one can know outside of the companies themselves, those are guess, not a fact, shipment number's is the only real way you can get a accurate number because sample sizes are still a guess. its not a fact.

the fact's are the xbox360 has shipped over 75 million!

while the PS3 has over 76 million shipped!

these are the fact's based on both Microsoft and Sony's shipment number's.
zoks310  +   677d ago
The price went from 15.20 to 15.13 :-/
How is this news, not to mention since the pending ps4 trailer they have rose like 20%. And I doubt the market is reacting to the lose they made, but rather reacting to the bad performance of the entire market in general so far this week.
Belking  +   677d ago
Fanboy tears are falling all over the world.
Outside_ofthe_Box  +   677d ago
lol... why are you crying? It's not like you're a share holder or anything..
o-Sunny-o  +   677d ago
Sony fate is destined hate...
DivineAssault  +   677d ago
until feb 20th
horndog  +   677d ago
Lol!! Good hopefully sony can close its doors for good and sell all their overpriced electronics as scrap . Im doing my part, I bought a nice samsung led 3d tv that puts the overpriced sony to shame for less. No thanks needed, just doing my part in putting the nails in the coffin.
DarkHeroZX  +   677d ago
Lol. Like losing their TVs is going to kill them. All they actually need is their PlayStation, music, and mobile division which aren't going anywhere.
violents  +   677d ago
I swear I just saw an article on n4g like 2 days ago saying that sony just posted their first profit in like two or three years and thier stock rose like 60% since the same time last year.

Really what is it, can one article on here not contradict the last one. THis website is just rediculous sometimes.

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