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Sony Corp blames games division for lower then expected profits during the second quarter...
Sony Corporation today surprised everybody in the industry by announcing a 25% drop in its second quarter profit. The Japapnese giant cut its full-year operating profit forecast to 100bn yen (~£542m) after reporting net earnings of 32.9bn yen for the third quarter of this year.<br><br>Sony Corp blamed the situation on dwindling sales of the Playstation2, claiming that sales of SCE products fell by 35.6% in the second quarter, reducing the division's profits by 91%. Sony Corp cited research and development of new hardware as the main culprit, but also claimed sluggish sales of the PS2 in America. Europe appears to be the only territory to still see continued sales, prompting many to believe a similar price cut will follow through in other territories.<br><br>The news sent Sony's stock crashing down by 5.04% to 3,980 yen, whilst other publishers and developers have also witnessed a knock-on effect.
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| Out Now | 2 |
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Added:Tue 29th Jul 2008 15:20, Post No: 4
This is their peak because of MGS4, Halo 3 did the same thing but in much larger numbers. 360 has a sick holiday lineup and they will cut the price by a hundred bucks. Then theres the new Xbox Live with Netflix and possibly a FREE Xbox Live by then. Resistance isn't enough to stop it.
Added:Tue 06th Nov 2007 16:19, Post No: 3
simply a waste of tym! why do i get the feeling that sony is feeling a bit left out ths x-mas and ths is one of their tricks to get attention. (yawn)
Added:Tue 06th Nov 2007 16:03, Post No: 2
well u cant have:) its comin out later this/next year:)
Added:Mon 05th Mar 2007 21:49, Post No: 1
FREAKIN DUMBASSES ITS ALREADY OUT AND ITS CALLED DEFIANCE I HAVE IT YOU DUMB love S