Evil Avatar  




Go Back   Evil Avatar > Daily Gaming News > News Items

» Sponsored Links


» Recent Threads
Report: Lizard Squad...
Last post by Paranoia
Today 07:01 PM
7 Replies, 458 Views
First look at The...
Last post by Agnostic Pope
Today 06:31 PM
43 Replies, 3,652 Views
Feminist Bullies are...
Last post by Emabulator
Today 05:41 PM
202 Replies, 8,253 Views
Dragon Quest Metal Slime...
Last post by PacerDawn
Today 04:22 PM
18 Replies, 1,452 Views
Stronghold Crusader II -...
Last post by Thenetcase
Today 03:52 PM
2 Replies, 354 Views
Monsters: Dark Continent...
Last post by MADxMrMike
Today 02:40 PM
10 Replies, 991 Views
Destiny - Planet View...
Last post by taxial
Today 12:22 PM
3 Replies, 476 Views
Warframe - Xbox One...
Last post by Suicidal ShiZuru
Today 11:37 AM
2 Replies, 459 Views
» Promotion


Reply
 
Thread Tools
Old 05-12-2012, 10:23 AM   #1
Emabulator
iBlood Donor
 
Emabulator's Avatar
 
Join Date: Feb 2005
Location: The Garden State
Posts: 17,614
Blog Entries: 50
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:
Sony shares on the Tokyo Stock Exchange have tanked to a 31-year low, dipping as much as 6.7 percent to ¥1,132 ($14.16), reports the BBC. The news comes after Sony this week announced a record annual loss of ¥456.7 billion ($5.71 billion).

Sony and newly appointed president Kaz Hirai have forecast a return to profit during the fiscal year, but analysts are not betting on the firm being able to turn the ship around.

"Sony is facing a lot of difficulties and the new president has not been able to produce a clear plan as to how he will turn around the company," Yuuki Sakurai of Fukoku Capital Management told the site. "Even the little that investors have heard, they are not very impressed with."
Emabulator is offline   Reply With Quote
Old 05-12-2012, 10:34 AM   #2
lockwoodx
Photobomber
 
lockwoodx's Avatar
 
Join Date: Jan 2006
Location: on tap
Posts: 23,709
Blog Entries: 2
I wonder what Kaz is thinking right now...

__________________
Quote:
Originally Posted by AspectVoid View Post
I had no idea he was posting awesome stuff that would get the ads cancelled.
Quote:
Originally Posted by AkumaATR View Post
Lock is untouchable though, he's too cool to be targeted, like ever. He's Detroit's Heisenberg!
lockwoodx is offline   Reply With Quote
Old 05-12-2012, 10:49 AM   #3
Anenome
Autarchist
 
Anenome's Avatar
 
Join Date: May 2007
Location: Recursion City
Posts: 41,088
Blog Entries: 57


















Bow of shame




You get the point :P
__________________
Quote:
Originally Posted by Reverend Meta View Post
Now this point definitely can't be argued.
Anenome is offline   Reply With Quote
Old 05-12-2012, 10:53 AM   #4
Anenome
Autarchist
 
Anenome's Avatar
 
Join Date: May 2007
Location: Recursion City
Posts: 41,088
Blog Entries: 57
Wasn't I just saying that Sony's investors would catch on to the racket soon...
__________________
Quote:
Originally Posted by Reverend Meta View Post
Now this point definitely can't be argued.
Anenome is offline   Reply With Quote
Old 05-12-2012, 11:14 AM   #5
Pluvious
Evil Dead
 
Pluvious's Avatar
 
Join Date: Mar 2005
Location: California- Near San Francisco
Posts: 1,983
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.
Pluvious is offline   Reply With Quote
Old 05-12-2012, 11:20 AM   #6
Meusli
Subscriber
 
Meusli's Avatar
 
Join Date: Apr 2005
Location: England
Posts: 3,126
I am sure I can spare them some loose change.
__________________
Steam ID: NEDKIL™ Meusli
Gamertag: Meusli
Last Fm
Meusli is offline   Reply With Quote
Old 05-12-2012, 11:21 AM   #7
Major Dan
Conductor Dan
 
Major Dan's Avatar
 
Join Date: Sep 2005
Location: Where BNSF pays me the most
Posts: 1,865
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
__________________
Just call me, "Conductor Dan, formerly Major Dan, aka Major Dan (r)"
Major Dan is offline   Reply With Quote
Old 05-12-2012, 11:24 AM   #8
Radiozo
Evil Dead
 
Join Date: Sep 2008
Location: Sweden, Europe, Earth
Posts: 1,246
Sony is already dead to me.
Radiozo is offline   Reply With Quote
Old 05-12-2012, 12:30 PM   #9
lockwoodx
Photobomber
 
lockwoodx's Avatar
 
Join Date: Jan 2006
Location: on tap
Posts: 23,709
Blog Entries: 2
You forgot the mini-disc!!! (tho it was actually quite good for the audio quality)
__________________
Quote:
Originally Posted by AspectVoid View Post
I had no idea he was posting awesome stuff that would get the ads cancelled.
Quote:
Originally Posted by AkumaATR View Post
Lock is untouchable though, he's too cool to be targeted, like ever. He's Detroit's Heisenberg!
lockwoodx is offline   Reply With Quote
Old 05-12-2012, 01:00 PM   #10
PSPfreak
Evil Dead
 
PSPfreak's Avatar
 
Join Date: Nov 2009
Posts: 4,861
Quote:
Originally Posted by Anenome View Post
Man, this really needs the standard meme background, I'd have laughed a lot harder.
__________________
Quote:
Originally Posted by SaintBlitzkrieg View Post
I used Metacritic which compiles ALL REVIEW scores
Quote:
Originally Posted by SaintBlitzkrieg View Post
I don't believe in reviews.
PSPfreak is offline   Reply With Quote
Old 05-12-2012, 01:05 PM   #11
Agnostic Pope
Evil Dead
 
Agnostic Pope's Avatar
 
Join Date: Jan 2010
Posts: 16,747
Blog Entries: 23
Anenome owned Sony.
__________________
Quote:
Originally Posted by gzsfrk View Post
Another golden AP quote. :)
Quote:
Originally Posted by Metal Jesus View Post
You sir, are my fucking hero!
Agnostic Pope is offline   Reply With Quote
Old 05-12-2012, 01:28 PM   #12
LBXAC20
Guest
 
Posts: n/a
It'll turn around sometime ...hopefully. I want to buy cheap and sell high lol.
Don't disappoint me KAZ!
  Reply With Quote
Old 05-12-2012, 01:29 PM   #13
Anenome
Autarchist
 
Anenome's Avatar
 
Join Date: May 2007
Location: Recursion City
Posts: 41,088
Blog Entries: 57
Quote:
Originally Posted by Pluvious View Post
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.
The PS4 will most likely come out, 99.99% sure. The sector's been so profitable for them in the past that they can easily risk rolling the dice again, especially since their hardware strategy will be sane this time around.

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.
__________________
Quote:
Originally Posted by Reverend Meta View Post
Now this point definitely can't be argued.
Anenome is offline   Reply With Quote
Old 05-12-2012, 01:30 PM   #14
Anenome
Autarchist
 
Anenome's Avatar
 
Join Date: May 2007
Location: Recursion City
Posts: 41,088
Blog Entries: 57
Elektrodragon will be crying himself to sleep tonight ^_~
__________________
Quote:
Originally Posted by Reverend Meta View Post
Now this point definitely can't be argued.
Anenome is offline   Reply With Quote
Old 05-12-2012, 01:43 PM   #15
Radiozo
Evil Dead
 
Join Date: Sep 2008
Location: Sweden, Europe, Earth
Posts: 1,246
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.
Radiozo is offline   Reply With Quote
Old 05-12-2012, 02:19 PM   #16
Anenome
Autarchist
 
Anenome's Avatar
 
Join Date: May 2007
Location: Recursion City
Posts: 41,088
Blog Entries: 57
Quote:
Originally Posted by Radiozo View Post
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.
The more interesting question is, why do you think they refuse to do the (obvious, to us) things you suggest?

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.
__________________
Quote:
Originally Posted by Reverend Meta View Post
Now this point definitely can't be argued.
Anenome is offline   Reply With Quote
Old 05-12-2012, 02:21 PM   #17
Anenome
Autarchist
 
Anenome's Avatar
 
Join Date: May 2007
Location: Recursion City
Posts: 41,088
Blog Entries: 57
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:
Originally Posted by Reverend Meta View Post
Now this point definitely can't be argued.
Anenome is offline   Reply With Quote
Old 05-12-2012, 02:49 PM   #18
Evil Avatar
Citizen Game
 
Evil Avatar's Avatar
 
Join Date: Feb 2005
Location: Phoenix, AZ
Posts: 20,201
Blog Entries: 19
Quote:
Originally Posted by Anenome View Post
Elektrodragon will be crying himself to sleep tonight ^_~
I suspect you are right. Activision stock dropped last week also.
__________________
I'm bad, and that's good. I will never be good, and that's not bad. There's no one I'd rather be than me.
Evil Avatar is online now   Reply With Quote
Old 05-12-2012, 03:24 PM   #19
Metal Khaos
Evil Dead
 
Metal Khaos's Avatar
 
Join Date: Dec 2005
Location: New Jersey, USA
Posts: 918
Blog Entries: 1
Quote:
Originally Posted by Anenome View Post
Sony has never understood software and UI design. They probably never will.
That sums up about how I feel. The PS3 isn't a terrible piece of hardware, but my fucking god. I don't know if it's a Sony thing or a Japanese-sense going on where it's just terrible software.

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.
Metal Khaos is online now   Reply With Quote
Old 05-12-2012, 06:07 PM   #20
92miata
Evil Dead
 
92miata's Avatar
 
Join Date: Apr 2005
Location: Prescott Valley, AZ
Posts: 1,019
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!!!!!
92miata is offline   Reply With Quote
Reply

Tags
sony

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -7. The time now is 07:07 PM.