|
Sony Shares Tank to 31-Year Low
GameSpot is reporting that Sony shares tumbled on the Tokyo Stock Exchange after the firm reported a record annual loss. Quote:
|
|
Wasn't I just saying that Sony's investors would catch on to the racket soon...
|
The pics are a perfect explanation as to what happened. So many missteps, it was bound to happen. I wonder if they will even bother with the PS4 at this point. Or are they past the point of no return? Too much invested into the 'next gen' and they have to put it out to try to muster any amount of money to recoup the disaster.
|
I am sure I can spare them some loose change.
|
Time for a government bailout.....doh.....wrong country....or is it?
Chances are they are not going anywhere and we'll see the PS4. OR Could this be the opening SEGA has been waiting for? Dreamcast 2 :) |
Sony is already dead to me.
|
You forgot the mini-disc!!! (tho it was actually quite good for the audio quality)
|
Quote:
|
Anenome owned Sony.
|
It'll turn around sometime ...hopefully. I want to buy cheap and sell high lol.
Don't disappoint me KAZ! |
Quote:
It's still mind-boggling to think how far they overreached with the PS3, my god. They started their own chip fab for the PS3, spending $2 billion on the factory to make them -alone-! Let's not even count the cost of developing the Cell chip that proved to be next to useless simply because they didn't take it far enough (without double-precision, it was useless for scientists, and how could they possibly think programmers would like using the thing for other tasks). But, if the PS4 tanks, and Sony experience more losses in the next 6 years, then we may not see a PS5. |
Elektrodragon will be crying himself to sleep tonight ^_~
|
I might sound strage but PS4 might be the only thing they will make money off in the future. They need to stop producing TV's NOW. Thats where they lose a shitload of cash every quarter. Also stop with the pointless mobile phone division. Nobody buys their phones when you can get a samsung with better hardware for the same price or even cheaper.
|
Quote:
In a book on market disruption I'd read years ago (can't recall title), the recent experience of the steel industry was described. During this period which represents the last 20 years or so, the steel industry was revolutionized by electric steel smelters which were much smaller and more efficient than large traditional mills. But the large mills weren't worried in the beginning, because electric mills could only produce small diameter bar stock, at poor purities, which were only suitable for reinforcing concrete. Large mills made a tiny profit on bar stock, on the order of a few percents, and were actually happy to give that sector of the market to electric smelters and focus on more profitable bulk and heavy items, etc. Meanwhile, electric smelters were making some 20%+ profits on bar stock! The high profits drew in more competition in electric bar-stock production, and soon the meaty profits began to dry up. Until an enterprising electric smelter figured out a way to make cheap sheet metal. Sheet metal was the next step up the ladder of production from bar stock. The large smelters made a larger profit on sheet metal, but still it was peanuts compared to their production of I-beams, high purity pieces, and other high profit steel items that electric mills couldn't produce. The process repeated. Electric steel mills made huge 20%+ profits on sheet metal for a few years, until the rest of the electric mills figured out the trick, and profits began to go down. (Mind you, this process meant lower prices for consumers on bar stock and sheet metal, despite the higher profits, which largely came from much lower production costs, so it was a true win/win for everyone.) Once again, the large mills ceded that product to the cheaper mills whom they couldn't compete with on price, and did so without resistance since they didn't make much money on those items. This process continued, ad infinitum, for a period of two decades, until electric steel mills could make everything that a large traditional coal and fuel smelter used to be required to make, including high purity and bulk items, and that was the end of the traditional steel makers. If Sony cedes the tv market, the games market, computer market, the phone market, the handheld market, the consumer products market, all they have left is movies, music, and insurance... >_> The real flaw in Sony's design as a company is holding together all these companies that don't share a single mission. Sony operates as a hardware company, believes in its little engineer soul that it's success has always been through cool hardware. Now look at where they find themselves, in a situation where their cash cows are all non-hardware concerns. Beyond that, the world's best hardware devices today are not, NOT, hardware only. They are tightly integrated with software: Ipad, Iphone, Ipod, etc. Sony has never understood software and UI design. They probably never will. |
Sony honestly could make it out of this whole, but the organization that emerges would no longer be Sony. It would be splinter companies able to survive on their own two feet, the music division, the movies division maybe, the insurance division, umm...
|
Quote:
|
Quote:
I feel like they can do a great job on the hardware, but their whole software system is trash. Yeah, I want to spend an hour updating my ps3 firmware and then the video game I want to play. THIS is a big reason I stick to my Xbox for console titles, because if there is an update, it will take me just a minute or two until it's done and I'm in playing. Sure I'd rather like updates to be a bit more frequent without the need for fucking 'certification', but not with the time it takes. I hope Sony learns some serious lessons from the PS3 and makes them right in the PS4. Otherwise, they're going to be doomed like Sega. And we can all see how exactly 'well' they've done in the software department. |
I dunno if I could run all my PSP games on the new Vita I would buy one tomorrow without waiting for the price cut.
Must be nice JAPAN!!!!! |
Actually, this is when smart people BUY the stock. I love my Sony receiver, HD camcorder, SLR camera, Vita, and PS3. And my Sony alarm clock has worked flawlessly since I was 16. That's almost 20 years.
|
Quote:
|
Quote:
|
OK, well bet the farm on sony stock then... As cramer would say "buy buy BUY!!"
Quote:
|
XMB and all its slow-ass updates can suck it. I love my Wii a lot more than I love my PS3. Gonna start Xenoblade Chronicles eventually, and Sin and Punishment: Star Successor is like the best damn on-rails shooty game I've ever played.
I hope Sony dies so Fumito Ueda and ThatGameCompany can develop for the PC. C'mon, this is the Kickstarter age... they can't lose. |
The best stock buy I've seen in my life when a company was on the ropes was when Ford hit 88 cents and it was pretty clear they were the only auto-company in America that wasn't going for bail out dollars, hit $10 a year later, $20 a year after that. Sony can still go lower and probably will. Wait.
|
Quote:
|
Quote:
|
Quote:
|
Quote:
|
The funny thing about this is that the market can't respond positively to any news about a PS4. It is only a question of how terribly the reaction will make the company's prospects even worse. PS4 launch price too high because of awesome new features = instant Sony bankruptcy. PS4 launch price somewhat reasonable but new features on par with launch era gameboy= share price nosedive.
Crash Bandicoot loves Sonic to fight more Zombies JRPG PS4 only launch game appeals to .3 gamers = gloomy doomy gumdrops. |
PS4, launch with Shadow of the Colossus 2... instant hit.
|
| All times are GMT -7. The time now is 05:33 AM. |
Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2013, Jelsoft Enterprises Ltd.