Day by day, Sony's (SNE) core electronics business is looking less like a white elephant. On Oct. 25, the Japanese company swung to a profit in the latest quarter, vs. the year-earlier period, thanks to brisk flat-panel TV and digital camera sales. It also raised its annual profit and sales forecasts from July. In the fiscal year ending March, 2008, Sony now expects overall operating profits to rise fivefold, to more than $3.9 billion, on a modest 8% gain in sales, to $78.8 billion. Both these numbers are 2% higher than earlier estimates.
The improving outlook underscores how more than two years of Chairman and CEO Howard Stringer's tough-love reforms have helped restore the vitality of Sony's key electronics division (BusinessWeek.com, 10/11/07).
But Stringer's record is hardly flawless. The biggest blemish: the money-losing video game business. The July-September quarter offered further evidence that problems plaguing the company's games division aren't going away soon. Had games been less of a drag, the company's overall results might have been more impressive. The games division's quarterly operating losses swelled to $848 million-double the figure from last year-and first-half losses reached $1.1 billion.
This is a great time to be a gamer, we are finally seeing the downfall of Sony and they are paying for their lies and arrogance. The PS3 is proving to be a dud while the Wii and Xbox 360 continue to be a favourite among 3rd party developers and consumers, I wonder how much longer third party devs will continue to support the PS3 and its horrible architecture, Sony is already begging them not to abandon the sinking ship so it can't be far off.
Why do u always use PICS of Ken Kutaragi and PS3 like that
PLEASE someone go and find how the 360 is doing horribly in japan......we all know it, MS fans know it should be posted up again as a reminder. everybody knows where the Wii and PS3 stand... so why must this BS be reposted over and over.
edit: you say PS3 fans have this censoreship style in blocking certain news....well yeah when it comes to BS like this....if anything we are blocking your agenda in trying to rally your troops just so they can trash the PS3.
Thanks for admitting that you tools censor the news. Constantly reporting things for bogus reasons. And on top of it leaving bad feedback on the post which is against the guidelines.
I approve negative type 360 stories all the time, and don't throw a temper tantrum. I also post a lot of news for this site, but the "only ones" that constantly get reports are negative PS3 types. News is news, good or bad. This article was posted by Newsweek "today". It is neither duplicate or SPAM.
You guys have no right to censor legitimate news. Good or Bad, this isn't News By Gamers. It is News 4 Gamers.
The company on a whole is doing great but man their gaming division just continues to take a pounding. Hopefully this holiday will see some relief for them. I have no desire to see Sony completely fail...I like the competition that has arisen between the 3 consoles.