In a time when we’re hearing bad news coming from basically every company out there, Sony’s 4th quarter numbers are a notch below the rest: a 95% drop in profits.
Yes, they pulled in 10.4 billion yen during the 4th quarter compared to 200.2 billion yen the previous year. These dismal figures reflect a downright-disastrous holiday season for Sony, with TVs and PS3s not exactly flying off the shelves. It’s your fault, really. I mean, if you’d been spending money on Sony products, none of this would have happened. For shame! Think about someone other than yourself, why don’t you? [AP via CrunchGear]
Matt
Friday, January 30, 2009 at 9:35 AMHmm i think sony need to drop their prices then people will start paying for their products… Samsung n other brands are releasing quality products these days for a lower ticket price. PS3 is a powerful machine, but if someone walks in-store and sees a PS3 for $699 and a Xbox360 arcade for $299, which one do you think they’re going to pick? Blu-ray players are dropping in price, no longer can they use this as a selling point.. anyway goodluck with Q1 2009 sony.. time to make some bold moves.
bwalled voters
Friday, January 30, 2009 at 9:35 AMHooray, that will teach sony for doing things like Memory Sticks and Blu Ray.
I smell much bigger problems ahead.. espescially with the PS3…
shizrocks
Friday, January 30, 2009 at 2:21 PMi think you have an extra 0 in one of your figures… i think it should be 20.2 billion not 200.2 billion.
peace
shizrocks.
Binliner
Friday, January 30, 2009 at 11:32 PM@shizrocks
The Wall Street Journal, via:
http://www.theaustralian.news.com.au/business/story/0,28124,24983632-5017996,00.html
I always thought the console war would end up a test of will between M$ and Sony’s shareholders. News like this puts Sony way on the back foot.