Sony Revises Profit Forecast

[Zenien]

http://www.nni.nikkei.co.jp/AC/TNKS/Nni20061019D19JF294.htm

"The Japanese electronics and entertainment giant cut its group net profit projection to Y80 billion for the fiscal year through March from Y130 billion, and lowered its group operating profit forecast to Y50 billion from Y130 billion. "

"Sony's game business has also been hit by setbacks. Sales are likely to be smaller and losses bigger than expected in that segment due to a price cut of its PS3 and a worse-than-expected performance by its PlayStation Portable handheld game console, the company said.

A four-month delay in the European launch of the PS3 due to problems in manufacturing a key component of the complex next-generation game machine also took a toll. Adjustments in production of devices, including semiconductors, for use in the PS3 will hurt operating income in its electronics division, Sony said. "

" It also said it expects its PS3 business to show a "significant improvement" in profitability in the fiscal year from next April after a loss this fiscal year. "

 

[Zenien]

130,000,000.00 YEN = 1,095,590.29 USD
80,000,000.00 YEN = 674,220.75 USD

 

[imdaly]

Ouchy.

 

[GoldenAgeHero]

this is why you dont make consoles at a lost folks.

 

[Axid]

I'm sure everybody will pay attention to your advice

 

[Zenien]

Why don't you sell consoles ata lose?

 

[paulyfknt90]

every console you sell you lose more and more money.

manufacturing the ps3 probably coasts atleast 800-1000 and there selling it at 600

eventualy theyll make that money back, but it could take years