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  1. #1
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    Sony posts small Q1 profit, small entertainment division investment loss

    Not stellar performance but it looks like Sony is starting to make some money, not huge but getting better. Kaz has been able to do the impossible and pull the TV division out of a nose dive. As they streamline even more, their financial situation looks like it is poised for major improvement over the next year.

    Sony's Q1 earnings show a $35 million net profit, mobile revenue jumps 36 percent

    Sony's first earnings report of the new financial year is in and it's eked out a profit, albeit a small one. The $35 million net profit is an improvement from last year's results for the same period, and the good news is most pronounced in its Mobile Products & Communications department. Revenue grew 36 percent from last year, partially due to changes in the value of the yen, but also thanks to higher sales for smartphones (9.6 million units), and a higher average selling price. The games division recorded an operating loss for the quarter, as sales of the PS3, PSP and PS2 dropped slightly while spending on R&D for the upcoming PlayStation 4 rose. Sony's new TV strategy may have shown some results, with year-on-years sales up 18.2 percent and attributed to an "improved product mix in LCD TVs" and cost reductions.
    http://www.engadget.com/2013/08/01/s...2013-earnings/
    Pacing in wait of Sony's imminent DOOM!...since 2006
    PS4 - The Only Hardcore Gaming Console = All Your Baserape Are Belong To Us

  2. #2
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    Mobile up 36% Dat xperia Z!!!

    Lots of R&D money in there. If SONY can manage to get some decent titles for Vita and get them in the wild, SONY may turn things around pretty fast (or sell a few more buildings!!!)

    Kaz is turning things around pretty nicely.


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  3. #3
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    Kazuo has done much more than I expected when it comes to turning around Sony. I remember back in the 80's and the Sony products were good. I still have the alarm clock from the late 80's from Sony and it still works flawlessly. The thing back then was that when you bought a Sony product, it was affordable for your everyday consumer and not so much priced at a premium for the wealthy. That is the difference from that point until now. It looks like Kazuo is trying to get Sony back to that point and I give the guy mad props. He's been fast and accurate so far on everything he's done for Sony.

  4. #4
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    Ouch! Not too good. Hopefully PS4 can help out.

  5. #5
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    Should see a profit once PS4 get's established.

  6. #6
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    Quote Originally Posted by Sub-stance1 View Post
    Ouch! Not too good. Hopefully PS4 can help out.
    Yeah that $35 million dollar net profit really hurt them. Hope the PS4 can save them.

  7. #7
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    PS4 R&D no doubt had a lot to do with this.


  8. #8
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    Quote Originally Posted by ps3freak18 View Post
    PS4 R&D no doubt had a lot to do with this.
    Yeah mynd posted this in the PS3 section 20 hours ago and he said that it was PS4 R&D which the accountants always write up as a loss. http://www.psu.com/forums/showthread...93#post6167293
    Last edited by mistercrow; 08-02-2013 at 06:57.

  9. #9
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    Quote Originally Posted by mistercrow View Post
    Yeah mynd posted this in the PS3 section 20 hours ago and he said that it was PS4 R&D which the accounts always write up as a loss. http://www.psu.com/forums/showthread...93#post6167293

    IIRC they took a much larger hit from the PS3 r&d. Takes a lot of money to get these things off the ground. Not really a surprise that they are not posting a decent profit. I want to say they were at a loss when they were developing the PS3. Don't quote me on that because I honestly can't say for sure.


  10. #10
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    Quote Originally Posted by Sub-stance1 View Post
    Ouch! Not too good. Hopefully PS4 can help out.
    What are you talking about? From where Sony was to where they are now, that is an insanely huge improvement.

  11. #11
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    Sony's still making that money. That's what they do.


  12. #12
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    I'm expecting that to skyrocket once the PS4 is released!

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