Zombie James
Banned
So how do LTD sales of the 360 and PS3 look now? Has the gap narrowed or stayed flat?
You forgot to add that they are also trying to tell you it's not Oct. 29 in Japan time.road2serfdom said:I would caution those of you without business degrees from trying to read this. What they are saying is that, while Sony overall made a profit in Japan of 20.8 billion yen, based on current exchange rates, that translates to a loss of $214 million from a US perspective. Expect a large movement of capital as American investors sell their shares and investors living in Japan snap them up.YURI KAGEYAMA said:posted: 24 MINUTES AGO
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TOKYO (Oct. 29)
itxaka said:I still can't believe that the ps2 is shitting on hardware and software worldwide sales on the ps3.
Man, that console was and is a beast. They should have called the ps3 the ps2HD.
:lolBust Nak said:You forgot to add that they are also trying to tell you it's not Oct. 29 in Japan time.
that's the same thing i thought...YYZ said:wow, what have I started
yeah, something like (Banned) to confuse the n00bzDunlop said::lol
Whoever started this meme deserves a tag
carlosp said:seems like sony could need some of those 700 billion from bush :lol
The Faceless Master said:that's the same thing i thought...
yeah, something like (Banned) to confuse the n00bz
Forsete said:Next quarter should be very interesting.
The meme got old after the 2nd quote.
Forsete said:The meme got old after the 2nd quote.
(I disagree)Pureauthor said:The problem with memes in general is that people always end up driving them into the ground very quickly.
:lol :lol :lolThe Faceless Master said:yeah, something like (Banned) to confuse the n00bz
MidiSurf said:I really doubt it. MGS4, GTAIV and other big titles didn't move PS3 units at all, I don't see how KZ2 or God of War could increse PS3 sales drastically. PS3 is this generations GC and nothing will change that.
The Faceless Master said:kind of a silly way to do things in the title
:lolCount Dookkake said:(Year of the PS3)
:lolcress2000 said:(laughs)
Yes, it's both standard financial statement syntax (and standard business news reporting.)Onix said:To be fair, that is standard financial statement syntax.
road2serfdom said:I would caution those of you without business degrees from trying to read this. What they are saying is that, while Sony overall made a profit in Japan of 20.8 billion yen, based on current exchange rates, that translates to a loss of $214 million from a US perspective. Expect a large movement of capital as American investors sell their shares and investors living in Japan snap them up.
How can you sell a negative number of units? Returns?dammitmattt said:Why are people not talking about the software sales. Sure, PS3 sales went up, but the overall net was (5 million) units. Even if they made up for it by the higher price of PS3 games, it's still a worrying trend.
(Srsly, I am not kidding.)dammitmattt said:Is this part of the joke? Because what you are saying is not true at all.
Oh shit...What am I supposed to make of this???RJT said:Yes, it's both standard financial statement syntax (and standard business news reporting.)
brain_stew said:Its really not. The GCN at least generated a fair amount of profit for Nintendo, the PS3 has not only lost Sony a great deal of market share but also countless of billions of dollars as well. The PS3 can be classed as nothing but a disaster in light of that.
Bust Nak said:How can you sell a negative number of units? Returns?
(Srsly, I am not kidding.)
dammitmattt said:Why are people not talking about the software sales. Sure, PS3 sales went up, but the overall net was (5 million) units. Even if they made up for it by the higher price of PS3 games, it's still a worrying trend.
cress2000 said:(laughs)
Miburou said:Taken from http://www.neogaf.com/forum/showthread.php?t=111003
FY Sony
1998 974,000,000
1999 1,130,000,000
2000 730,000,000
2001 -409,000,000
2002 623,000,000
2003 939,000,000
2004 650,000,000
2005 404,000,000
2006 75,000,000
2007 -1,969,000,000
2008 -1,265,000,000
2009 51,000,000
Totals 1,953,000,000
With the $379 loss, that still leaves them over $1.5B in profits since 1998.
«þ» said:Great!
With the $379M loss, that also leaves them over $3.2B in losses since 2007.
spwolf said:you sure cant count much... see fingers of your hand, use them
AndyD said:1-2 years is peanuts for investors and shareholders. You would be hard pressed to find more than a few companies out there who are doing well in the current economy.
A significant net profit over a decade is a good sign. Especially when you consider this is just one division, not the whole of Sony. And the fact that the division is now in the black is an excellent sign if you look at the other periods when they had negatives, the positives following it were big and numerous.
AndyD said:Software sales are pretty rollercoastery. They depend on what brand new releases were these from Sony studios during that quarter, and sometimes there just aren't any, or theres some crazy third party games stealing the spotlight. A variation of 10-20% percent year over year is not bad. Sometimes it really drops, sometimes it really climbs... In this case it dropped year over year...
And seriously, what the hell is up with PSP software sales? It seems to be getting worse and worse as they sell more and more systems.
AndyD said:1-2 years is peanuts for investors and shareholders. You would be hard pressed to find more than a few companies out there who are doing well in the current economy.
A significant net profit over a decade is a good sign. Especially when you consider this is just one division, not the whole of Sony. And the fact that the division is now in the black is an excellent sign if you look at the other periods when they had negatives, the positives following it were big and numerous.
Opiate said:I'll repeat this for emphasis: Sony will be fine, and I strongly suspect they will make a profit in the games division next quarter, but spinning today's FR as good news is absurd. It isn't.
«þ» said:Great!
With the $379M loss, that also leaves them over $3.2B in losses since 2007.
Frankfurter said:I said wow, PSPs software sales completely continue to amaze me. "Tie ratio" for the quarter is under 4, that's ridiculous.
OT, but I love your avatar!YYZ said:It says "an operating loss" of $379M?
_leech_ said:Anyone? Bueller?
CaptainABAB said:http://news.cnet.com/Sonys-quarterl...041_3-6247341.html?tag=newsEditorsPicksArea.0
Many analysts say share prices of top Japanese companies have fallen so far as to defy reason. Not only Sony but many of Japan's best-known brand names--including Toyota, Panasonic, and Bridgestone--have seen their market value drop below their so-called book value, the total worth of their buildings, equipment, and other physical assets.
As of Tuesday, Sony's market value was $21.4 billion, or about 0.58 percent of its book value, according to Paul Migliorato, head of research at NamiNori, a Honolulu-based equity research firm.
Theoretically, that means an investor could buy Sony or Toyota and turn a profit simply by selling off their assets--suggesting that the companies were worse than worthless as business franchises.
"The market is treating Sony and Toyota like pariahs," Migliorato said. "Any sense of reality has been hijacked by momentum and fear."
CaptainABAB said:As of Tuesday, Sony's market value was $21.4 billion, or about 0.58 percent of its book value, according to Paul Migliorato, head of research at NamiNori, a Honolulu-based equity research firm.
Brimstone said:Apple has 24.5 billion in cash reserves. That's 3 billion dollars more than the total market value of Sony. Freaking incredible.
laserbeam said:That is crazy. Now is the time to strike Bill Gates!!! Take PS3 out in one swift swoop!!
Apple has 24.5 billion in cash reserves. That's 3 billion dollars more than the total market value of Sony. Freaking incredible.
dammitmattt said:Same with Microsoft, too, right? Though last I remember, they were trying to actually spend that cash instead of swimming in it like Apple.
Opiate said:The PS3 outshipped the 360 by .23 million units this quarter.
This continues to support my previous argument: the PS3 will likely catch up to the 360 in late 2010 or 2011. General trends have not changed.
yeah, but it's a NeoGAF thread title, not a financial statement.Onix said:To be fair, that is standard financial statement syntax.
dammitmattt said:Is this part of the joke? Because what you are saying is not true at all.
They were making a big push to expand into the pickup market just when gas prices started going crazy and cratered the sector.AndyD said:I thought Toyota was the #1 car manufacturer, having surpassed GM, what's going on...
leroy hacker said:They were making a big push to expand into the pickup market just when gas prices started going crazy and cratered the sector.
Opiate said:The PS3 outshipped the 360 by .23 million units this quarter.
This continues to support my previous argument: the PS3 will likely catch up to the 360 in late 2010 or 2011. General trends have not changed.
Opiate said:The PS3 outshipped the 360 by .23 million units this quarter.
This continues to support my previous argument: the PS3 will likely catch up to the 360 in late 2010 or 2011. General trends have not changed.
Karma said:At the current rate of 230,000 units per quarter the PS3 will catch the 360 in 6.18 years. So not 2010 or 2011 but 2014 which is too late.