Sony: More than one billion dollars of losses

November 6th, 2011, 23:32 Posted By: wraggster

Japanese society connects the bad news lately. 2011 alone, the firm has endured earthquakes and tsunami in Japan, piracy and the suspension of its online services for long (and expensive) week, the yen's appreciation against the euro and the dollar, and, more recently, the flooding of its plants cameras in Thailand.

In the third quarter of 2011, Sony has posted a net loss of the equivalent of $ 350 million (27 billion yen), against a net profit of about $ 400 million last year. Its turnover for its part, reached the equivalent of $ 20.4 billion (1575 billion yen), down 9.1%. This poor quarter for its main source of poor sales LCD TVs, including North America and Europe, as well as price reductions granted on the PS3. Climatic events in Japan have not helped over its finances. The film and music are doing well As far as good news, Sony still note that its film division is increasing, with a turnover of 2 , $ 2 billion (+17%) and net income of $ 268 million, against a loss of 62 million last year. Its Music Division, although declining, is also beneficial. It has a cumulative revenue of $ 1.346 billion (-6.6%) and a net profit of $ 82 million (-21.9%). But this does not compensate for losses in any of the other divisions. Hundreds of millions of profits over 1 billion loss ... results for its fiscal year ending March 31, 2012, Sony provides just one sales well below the previous year (-9.7%), but especially its operating profit collapsed. From 200 billion yen expected in July, this time on Sony shelf ... 20 billion yen, $ 256 million. Not surprisingly, therefore, sees Sony's bottom line. On a profit of $ 768 million, the Japanese firm now expects a net loss of 1, 152 billion dollars ... This is the story of a battery for Sony, it is indeed a catastrophe. Especially when one recalls that the company posted a net loss of $ 3.3 billion last year. But the creator of the PlayStation, this accumulation of problems in 2011 is not exceptional. That will be the fourth consecutive year of net losses. The year 2008 was particularly lasting impression with the millions of laptop computers worldwide because of the recalled Sony batteries a bit too hot ... The last flames do are never really off. tikilou Thanks for the information

http://ps3.gx-mod.com/modules/news/a...p?storyid=3007

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