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  1. #1
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    Sony doubles full year profit forecast to 40 Billion

    http://www.gamesindustry.biz/article...-to-40-billion

    Considering the R&D for PS4 is soaked in and PS3 is the fastest selling console, this puts Sony in good fighting form. Kaz Hirai is making some waves it seems.

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    Time to Bank on PS4 and resurrect PS Vita.

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    With the ps2 being discontinued, hopefully Sony releases the sale figures for the ps3 separately. Not that it matters, I just want to see how well it's selling.


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    Quote Originally Posted by Two4DaMoney View Post
    With the ps2 being discontinued, hopefully Sony releases the sale figures for the ps3 separately. Not that it matters, I just want to see how well it's selling.

    http://www.nintendo.co.jp/ir/en/libr...425/index.html

    Fastest selling home console worldwide this year.

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    Yep, things are looking up for Sony profits wise. Wonder where the usual members are...

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    Quote Originally Posted by AaronSOLDIER View Post
    Yep, things are looking up for Sony profits wise. Wonder where the usual members are...
    Let us not conjure evil.

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    congrats to sony the vita price drop in japan helped. now they need a price drop in the rest of the world.

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    Quote Originally Posted by Lefein View Post

    http://www.nintendo.co.jp/ir/en/libr...425/index.html

    Fastest selling home console worldwide this year.
    interesting indeed.

    looks like ps3 sold around 1.7m


  10. #9
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    Quote Originally Posted by Lefein View Post

    http://www.nintendo.co.jp/ir/en/libr...425/index.html

    Fastest selling home console worldwide this year.
    Great news. Hopefully they will do it again next year. It's been a struggle.

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    Sony is doing great.


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    As per the forecast, the primary factors were; (i) asset sales at the end of last year (a New York skyscraper, their Osaki complex and share disposal), (ii) the over expectations performance of the financial services division, (iii) the depreciation of the Yen, and (iv) the non-realisation of further division deterioration (source: http://www.sony.net/SonyInfo/IR/fina...ision_sony.pdf).

    To put things into simple perspective that the underlying business is still traumatised; the forecast is for operating income of •230mn ($2.3bn), and net income of •40bn ($400mn); the Osaki building alone was sold for •111bn ($1.2bn), whilst the Madison Avenue property disposal was worth •100bn ($1.1bn); although it should be noted that the booked Ďprofití is lower.

    In summary, the asset disposals give the company breathing room, but Sony needs to look at further restructuring, potentially reducing the headcount by 50%, cull several product lines, and potentially hive off the content divisions (pictures and music). It is quite frankly absurd that the financial services segment continues to keep the entire Group afloat.

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    Quote Originally Posted by Jo-san View Post
    As per the forecast, the primary factors were; (i) asset sales at the end of last year (a New York skyscraper, their Osaki complex and share disposal), (ii) the over expectations performance of the financial services division, (iii) the depreciation of the Yen, and (iv) the non-realisation of further division deterioration (source: http://www.sony.net/SonyInfo/IR/fina...ision_sony.pdf).

    To put things into simple perspective that the underlying business is still traumatised; the forecast is for operating income of •230mn ($2.3bn), and net income of •40bn ($400mn); the Osaki building alone was sold for •111bn ($1.2bn), whilst the Madison Avenue property disposal was worth •100bn ($1.1bn); although it should be noted that the booked ‘profit’ is lower.

    In summary, the asset disposals give the company breathing room, but Sony needs to look at further restructuring, potentially reducing the headcount by 50%, cull several product lines, and potentially hive off the content divisions (pictures and music). It is quite frankly absurd that the financial services segment continues to keep the entire Group afloat.
    I just think it's funny that the valuation in selling those buildings is a drop in the bucket compared to the forecast profits for the year.

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    Quote Originally Posted by Lefein View Post
    I just think it's funny that the valuation in selling those buildings is a drop in the bucket compared to the forecast profits for the year.
    Without those disposals, it is doubtful that the Group would have been able to provide a profitable forecast, let alone one comparable to international peers like Samsung.

    The sale of prime real estate is likely to be the first step towards future disposals to raise cash and further realignment of operations to cut costs. The only way Sony can remain a viable commercial enterprise is by reducing its footprint.

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    Sony carries too many differing models for each product they sell, I think they would be better off with a one model suits all approach.

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  19. #15
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    Quote Originally Posted by Jo-san View Post
    Without those disposals, it is doubtful that the Group would have been able to provide a profitable forecast, let alone one comparable to international peers like Samsung.

    The sale of prime real estate is likely to be the first step towards future disposals to raise cash and further realignment of operations to cut costs. The only way Sony can remain a viable commercial enterprise is by reducing its footprint.
    I think they would wager on revitalizing the brand, instead. They aren't in such a distressed state that they have to downsize THAT fast.

  20. #16
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    Quote Originally Posted by Lefein View Post
    http://www.nintendo.co.jp/ir/en/libr...425/index.html Fastest selling home console worldwide this year.
    Wow. Pretty solid PS3 sales there. That graph gives a good overall perspective of how the PS3 is doing. Good info.

  21. #17
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    Sony's about to make some mad cash. Once that PS3 gets another price drop it's going to fly off the shelves.

    The PS4 is coming out and looking like it will be the console king next gen.


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    So basically, PS3 > all in Europe according to that graph, like we've been saying years.

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    Quote Originally Posted by AaronSOLDIER View Post
    So basically, PS3 > all in Europe according to that graph, like we've been saying years.
    Yup, Sony dominates Europe. Some have denied it for years but it's official.

    Kind of like how Microsoft has a strangle hold on North America, just not quite as much. The PS3 is just more popular when you look at the world as a whole.


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  25. #20
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    That's a bold number it be nice if they hit it! Lol

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    I see no reason to be worried about the SCE-branch. I believe they've managed to inject a lot of positivity and enthusiasm as of late.

    I'm more interested in how Sony's other technology ventures are faring.
    Last edited by K2D; 04-29-2013 at 11:04.

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    Quote Originally Posted by Lefein View Post
    I think they would wager on revitalizing the brand, instead. They aren't in such a distressed state that they have to downsize THAT fast.
    The business has attempted to reinvigorate the Sony brand ever since the launch of the iPod; it hasnít worked and instead of making drastic decisions to reduce the corporate footprint, the company has been forced into disposing of prime real estate to stay afloat

    The underlying concern is that the Sony management believe that no drastic action needs to be undertaken; they erroneously assume that a potential improvement of global fortunes will boost their own. Yet I would argue that the global outlook has become far more opaque what with the standoff in North Korea, the Senkaku Islands, the civil conflict in Syria, Iranís economy silently imploding, the ongoing Eurozone crisis and contagion spreading to France, etc...

    In essence Sony needs to become proactive, rather than reactive; the glaring example is why on earth the business is still producing TVís. The business needs to move towards far fewer products which provide substantial margins.

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