Engadget: Sony is projecting a slight drop in revenue for its fiscal year ending in March 2013, from $85 to $83 billion compared to August's forecast. But the company kept its operating income projection unchanged at $1.6 billion -- thanks to new acquisitions like cloud gamer Gaikai and Olympus, along with such products as the new 84-inch 4K LCD TV and revised PS3 gaming console.
Thanx to the mobile division which still lost close to $300 million? On top of the $350 million it already lost last quarter? How is that a success?
Why is this story not focusing on the gaming business which made a profit? At least tell us how much of a profit instead of just tossing it in there with music and movies as if it didn't matter.
This is their 7th straight loss, you gotta wonder how long they can keep this up.
very strange. I mean sure their numbers aren't as bad as the previous quarter, but they are also talking about how many jobs they had to cut. When you cut 10,000 jobs you save a lot in salary payouts. But when you have to say that you are cutting that many jobs this year, and you are still losing money while stretching your divisions thin, that's not a good thing.
Also I don't think the 84" 4K LCD TV did much for them at this point. Nobody can afford the $25K price tag for that, so I don't even know why I was in the article.
I have a Sony TV and home theatre system, so I do appreciate the quality they bring to the table for the most part, however with them continually losing money, you have to wonder where that is going to put them when the PS4 comes along.
It's hard to believe a company that continues to bleed money is going to want to sell their new console at a loss, but it will also be hard to fathom launching another $600 console ala the PS3.
So happy for sony they deserve to do well