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Sony's shares tumble to 31 year low (BBC)
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balladofwindfishes
Member
but the divisions you love are part of the reason their stocks are so bad. You should care if their insurance company does well, because quite frankly it's the only reason Sony is still able to keep making video games.
UncleSporky
Member
NemesisPrime
Banned
I wonder if Sony could be a target of a takeover with such low shares?
Who would want to take over a dying brand selling aged technology that's losing money on all fronts?
Sony has pretty much no chance to catch back up. Outside of the Playstation brand, their entire MO is overpriced "high end" electronics marketed by shitty, unrealistic advertising. It worked in the 80's and 90's, but today people want reasonable, economic solutions and unfortunately for Sony they've marketed themselves entirely out of that segment. Not to mention even on the high end they can't compete quality wise with the more focused and well-rounded companies like Toshiba and Samsung.
Sony will never be an electronics powerhouse again, they'd be better off cutting out everything except the Playstation brand, putting their best people and resources to work there, and then expanding outward. If they don't buckle down on the PS brand, Microsoft will take their market share here too.
ViperVisor
Member
IBM comparison
Personal Computer market skyrocketed in the 90s.
Like others have asked What is Sony's foot in the door? Seems like most every thing they do is just a finger in the door and it is getting a painful pinch.
Personal Computer market skyrocketed in the 90s.
Like others have asked What is Sony's foot in the door? Seems like most every thing they do is just a finger in the door and it is getting a painful pinch.
Now is the time to lock Sony, Nintendo, and Microsoft in a room for a long time so that they can hammer out a doc defining a next gen console standard similar to DVD or Bluray. Invite Apple and Samsung and whoever else needs to be there.
Forgot about the WiiU and PS4... One Console Future!
Forgot about the WiiU and PS4... One Console Future!
iNvid02
Member
so do i actually, switched from a dell to 120hz samsung.
the last sony monitor i used, or even saw looked like some 15-17"
lcd that was covered in dust, right next to it were a 24" dell and
samsung combo, it was quite sad actually
Metroid Hunter
Banned
Now is the time to lock Sony, Nintendo, and Microsoft in a room for a long time so that they can hammer out a doc defining a next gen console standard similar to DVD or Bluray. Invite Apple and Samsung and whoever else needs to be there.
Forgot about the WiiU and PS4... One Console Future!
No. They would just take over the entire project, make it in their favour, and just have everyone else as their 3rd parties.
Dreams-Visions
Member
Gonna guess that Apple isn't going to jump into the TV market. If Panny isn't making a profit, who the hell is?
Lol, active imaginations.
Toshiba posted a $136 million loss.
"the Japanese electronics giant still lost $136 million during the fiscal third quarter of 2011. Practically every segment of the company saw sales decrease, including appliances, TVs and electronic devices, contributing to the poor performance. Toshiba has also revised its forecast for Q4, cutting projected earnings in half, but not going as far as to predict a loss."
Samsung's and LG's TV divisions.
iamshadowlark
Banned
Why would you compare profit? This isn't 2000. Money has changed value.
Compare market-share, which is where Sony smokes where Sega was. I don't know if the people calling for them to go third party are joking or not but it would be one of the dumbest decisions ever.
Sony's gaming business really isn't its problem. Thats even considering mediocre Vita sales.
Portugeezer
Gold Member
Hope they can turn it around.
GungHo
Single-handedly caused Exxon-Mobil to sue FOX, start World War 3
You're right. A $2k~3k TV with a bunch of things that can break, rendering the entire thing into a big piece of shit is a great idea. That's never backfired on anyone. Maybe they should add in a DLP projector, too. And a refrigerator.
They pride themselves on being price leaders. Their TVs are consistently $200~300 higher than their competitors. Past PS products have debuted at $500. How are they going to get an integrated product out of the door for less than $2k?
Does Samsung Electronics even have any gaming divisions? They have chips and consumer electronics, but they're out of the HDD business. Where would they even start?
Nissan had to be forced there by Renault.
Metroid Hunter
Banned
Microsoft isn't THAT far from Sony in systems sold worldwide. I guess they should go 3rd party as well?
Admiral Bone to Pick
Banned
Korean companies.
Another sad reality is that the traditional Japanese electronics giants are simply being outmaneuvered by South Korean corporations. Samsung is worth more than 10x as much as Sony. There's no point in Sony trying to compete as an all-around electronics company.
chaosblade
Unconfirmed Member
The fact Samsung got out of the HDD business is really sad. Maybe Seagate will somehow become awesome again but I have serious doubts. Here's to an SSD future coming sooner rather than later.
My TV better last until OLED is ready for prime time and fairly affordable.
Difference is, Sony went from 1st place to 3rd place. It went from a 150+ million installed base to 63.9 million. MS went from 24 million to 67.2 million with the 360.
And imagine if they didn't have a year headstart. It would probably be dead even at least.
Clear
CliffyB's Cock Holster
So this.
At this point though I really don't give a flaming crap about Sony TVs, computers, or any other doodads they have. If they dropped everything and just became PlayStation I'd be more than satisfied. The gaming division is doing fine, so as long as I'm getting my games, why should I care?
No it wouldn't. I'm all for non-proprietary PSP2's, but attaching a phone to it would be the worst thing Sony could do.
Kaz has only been CEO for... a few months(?). He needs at least a year before any progress or change can be noted, right?
professor_t
Member
I like that the solution a lot of people are proposing for Sony's woes are things like this:
"Make a TV that includes the PS4 and a refrigerator, and also acts as a teleportation device. And sell it for $500."
"Make a TV that includes the PS4 and a refrigerator, and also acts as a teleportation device. And sell it for $500."
The big difference is one company is making money the other is not. Microsoft is making so much money on software, xbox live and accessories that being only few million ahead is meaningless. Hardware sales is only one part of the equation.
Dreams-Visions
Member
We're talking marketshare not profits. Sony still has enough marketshare in gaming that they'll be around for some time. In fact the gaming audience is so fickle they could be back to number one next gen.
Why would that matter?
Sony shipped 101.37m PS2's from 2000-2005, in 5 years time. And 115.36m at the end of 2006.
After 5½ years, in about the same time-frame, and actually in favour of the PS3 + ½ year, Sony shipped 63.9m PS3's. That's about half of what the PS2 did. The PS3 won't even catch the dying Wii, let alone the PS2.
H_Prestige
Banned
Good news for the gaming division.
So they sold about the same amount of consoles from 2006 as they did from 2000-2006? A lot more if you include the PSP. Just pointing out there are several ways to spin the numbers to suit an agenda.
So they sold about the same amount of consoles from 2006 as they did from 2000-2006? A lot more if you include the PSP. Just pointing out there are several ways to spin the numbers to suit an agenda.
iamshadowlark
Banned
Because its a Sony console being sold in the console market, therefor adding to sony's share in the console market?
Really not that hard.
Para bailar La Bomba
Banned
Look at Sony Financial Holdings and Sony Pictures profitability and come back here with an answer.
Tell me what the overall profitability of the MS Gaming Division is, specifically their Xbox venture.
It's quite profitable, actually.
Microsoft uses Xbox to hide their failures because of how profitable it is.
Agent Unknown
Member
Sony's situation is getting scary, they need to humble themselves and make some frantic changes.
3G Vita should have been a phone from the get go, waaaaay too late for this now.
3G Vita should have been a phone from the get go, waaaaay too late for this now.
Captain Tuttle
Member
I don't think Kaz is the guy to turn this around. He's an insider and a safe pick from the Board. The Board needs to be shaken up and an experienced, customer focused outside CEO needs to be brought in. Hard decisions and ruthless cuts have to be made. Otherwise I think that Sony will just continue to bounce along the bottom, stagnating. I don't think they'll go away any time soon but they'll become even more irrelevant in the CE space.
east of eastside
Banned
Nintendo stock is being sympathetic and taking a dump at the same time...
In any case... even as a PS3 only owner I relish the thought of a one standard console future.
It's been nice, Sony.
bye.
In any case... even as a PS3 only owner I relish the thought of a one standard console future.
It's been nice, Sony.
bye.
H_Prestige
Banned
OldJadedGamer
Banned
I blame Sony music for Sony missing the MP3 player train. Sony has too many cooks in the kitchen.
Agreed. The fact that one part of Sony can't instantly get permission to rights from another part of Sony should have been the first clue that shit needed to be blown up
Agent Unknown
Member
fluffydelusions
Member
I saw my first OLED by Sony at Frys. I marveled at the small 7 inch screen, until I realize there was a $2500 price tag. 7 Inches... why
I'm sure the price is down now.
east of eastside
Banned
Haven't noticed yet how the consensus opinion here on the future direction of the game industry is always wrong?
Hope that helps.
