Wednesday, May 16, 2007

Sony had a rough Q4

Oh Sony, why can't I quit you? Oh wait, I did, once.

This just in from the Department of Pointing Out the Obvious:

For January-March, the fourth quarter of the past business year, Sony booked an operating loss of 113.4 billion yen, against a loss of 51.9 billion yen a year earlier and the consensus of a 94.5 billion yen loss according to five analysts.
Operating profit at Sony came to 71.75 billion yen in the year ended March 31, down from 226.42 billion yen a year earlier.
Sales rose 10.5 percent to 8.295 trillion yen while net profit rose 2.2 percent to 126.3 billion yen, boosted by the strong performance by Sony Ericsson, the world's fourth-largest mobile phone maker owned jointly by Sony and Ericsson.

Given how Playstation 3 has been dawdling, and Blu-ray has yet to gain significant adoption, Sony really needs a couple of hits (and, god willing, not set anybody's laptops on fire) to make fiscal 2007 a winner. I think their big gains this year will come from their next generation of Bravia flat-panels, and their cameras. I haven't lost hope that Blu-ray will catch on, but they have some tinkering to do with the next-gen players if they want to see them take off.

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1 comment:

Flatland Pastor said...

And maybe they should take out a membership in PETA, too, just for good measure.