Sony expected to post first loss in 14 years - bit-tech.net Forums

CardJoe · 13th Jan 2009, 11:35

http://www.bit-tech.net/news/2009/01...-in-14-years/1

Sony is expected to reveal that it has posted a loss for the first time in over 14 years - one of around $1 billion USD.

liratheal · 13th Jan 2009, 11:41

I can't imagine that they were expecting much better than this.

That said, that is a rather large amount of money..

Bauul · 13th Jan 2009, 11:44

Well the Consumer Electronic sector suffered it's first decline in like 20 years last year, so it's no surprise a company like Sony, that launches products like the PS3 that so much rely on people having lots of spare cash for high end electronic equipment, is suffering as a result.

n3mo · 13th Jan 2009, 15:21

Always good to hear about big company losing money.

mikeuk2004 · 13th Jan 2009, 16:29

Quote:

Originally Posted by n3mo

Always good to hear about big company losing money.

So its good to see lots of people become unemployed and familes suffering.

Your nice.

rollo · 13th Jan 2009, 17:56

another 16k jobs gone

dang the world is in freefall

rollo · 13th Jan 2009, 19:29

as a old friend of mine said before he got fired

theres no such thing as a 100% secure job

so n3mo either lives of state or is still school ?

LeMaltor · 13th Jan 2009, 20:06

They won the format war, presumably there is profit to come in the years ahead?

freedom810 · 13th Jan 2009, 20:30

Seems like alot of money to us but I bet to a mega corporation like sony that isnt all that much...they are selling luxery items too, and times like these people dont buy luxery..

Bladestorm · 13th Jan 2009, 22:34

Quote:

Originally Posted by LeMaltor

They won the format war, presumably there is profit to come in the years ahead?

They beat HD-DVD to be the souped-up dvd, higher resolution movie format for now, but they have yet to convince much more than the wealthy and the early adopters that there is a point in switching to blu-ray over dvd and to make profit they absolutely need to do that before a true next generation tech comes along and renders it truely obsolete, which may or may not be before they have turned a profit.

Otto69 · 13th Jan 2009, 23:34

Aside from a few things like the PS3, Sony electronics has been garbage for a decade or more. There was a time when Sony meant "quality" but that was a long long time ago.

devdevil85 · 14th Jan 2009, 01:04

Quote:

Originally Posted by Otto69

Aside from a few things like the PS3, Sony electronics has been garbage for a decade or more. There was a time when Sony meant "quality" but that was a long long time ago.

I have seen many Sony products in the past year (an HD camera, a new Bravia, an Mp3 player) that people (I know) have purchased and I was able to experience myself and they were all very high quality and what I expected from a Sony product. I don't know about your experience though.

Aragon Speed · 14th Jan 2009, 01:37

Considering the state of the worlds finances ATM, this is hardly surprising news.

n3mo · 14th Jan 2009, 08:23

Quote:

Originally Posted by rollo

as a old friend of mine said before he got fired

theres no such thing as a 100% secure job

so n3mo either lives of state or is still school ?

Last company i worked in seemed rock stable, until it was eaten by a bigger one and everyone got laid (off). Then I did some freelancing in uk and currently I have a company of my own (two actually), so I should know about job security.

My dislike of big companies is caused by their inclines towards giving their customers crap and calling it roses but is also more personal - as my company is small, our biggest issue are the bigger ones doing everything they can to wipe out the smaller, usually balancing on the borderline of law or crossing it severely and relying on their high-paid lawyers.

So as much as I feel for the workers of Sony (or any other company), I am not going to cry over it. Big company in trouble is almost always good news for the smaller ones, but also for customers (price cuts, more competition on the market).

Joe · 14th Jan 2009, 09:03

When i saw the words loss and Sony - console-fail immdeatly poped into my mind. But then again everybody is suffering ...

16k workers being told to go home ?! Wonder what type of workforce this will be or if it is going to be mixed.

[USRF]Obiwan · 14th Jan 2009, 10:20

Whats weak with the large company's is that it goes well for 15 years and if they loose some money in year 16, thousands of employees have to go. The same employees that worked their asses to keep the company healthy for 15 years. A smart company would have build up a reserve for that 15 years to compensate for the bad years and pay employees out of the reserve.

they should kick some of staff or a bunch of managers out, because every one member of the staff has probably the same salary in a month that 500 employees make in a year. (not counting the enormous bonuses they get each year)

Its a goddamn shame it goes this way.

Penrhos · 14th Jan 2009, 13:35

Well if Sony give them a PS3 as part of the severage package that'll be another 16,000 units moved and give them something to do while they look for another job.

Hell they might as well throw in a Sony HDTV as no-one going to be buying them anyway if the recession bites any deaper.

pendragon · 14th Jan 2009, 17:48

on the ond hand, as I don't really care for Sony as a company, this is 'good news', on the other hand I feel bad for those 16,000 people

sucky time to lose your job

DXR_13KE · 16th Jan 2009, 14:09

this is happening to everyone everywhere...

edit: the sink hole is getting near!!

13th Jan 2009, 11:35	#1
CardJoe Player Character bit-tech Staff Join Date: Apr 2007 Posts: 7,977	Sony expected to post first loss in 14 years http://www.bit-tech.net/news/2009/01...-in-14-years/1 Sony is expected to reveal that it has posted a loss for the first time in over 14 years - one of around $1 billion USD. __________________ this is joe's non-bit-tech blog

13th Jan 2009, 11:41	#2
liratheal Just got a great book on tape Join Date: Nov 2005 Location: High Wycombe, UK Posts: 3,623	I can't imagine that they were expecting much better than this. That said, that is a rather large amount of money.. __________________ Gigabyte MA790FX, X4 9950 Black Edition, 8gb Geil Black Dragon, 2x4870 512mb, Antec TruePower Quattro 850w I game, Do you?

13th Jan 2009, 11:44	#3
Bauul Sir Bongaminge Join Date: Apr 2007 Location: Godalming, near Guildford Posts: 1,553	Well the Consumer Electronic sector suffered it's first decline in like 20 years last year, so it's no surprise a company like Sony, that launches products like the PS3 that so much rely on people having lots of spare cash for high end electronic equipment, is suffering as a result. __________________ Pentium 4 CPU 3.4 Ghz \| 1Gb + 2x512Mb Corsair DDR2 667 Mhz Sapphire Radeon HD 4770 512Mb\| WD Raptor 36Gb, Seagate 300Gb \| Asus P5LD2 SE Ibanez RG 470 Japanese Edition \| 1991 Japanese Lo-TRS Tremolo \| V7 S1 Custom V8 HSH Pickups

13th Jan 2009, 20:06	#8
LeMaltor >^_^< Join Date: Oct 2003 Location: No. Posts: 1,397	They won the format war, presumably there is profit to come in the years ahead? __________________ Welcoming the riff-raff since February 2009.

13th Jan 2009, 20:30	#9
freedom810 Supermodder Join Date: Dec 2007 Location: UK, Worcestershire, Worcester Posts: 564	Seems like alot of money to us but I bet to a mega corporation like sony that isnt all that much...they are selling luxery items too, and times like these people dont buy luxery.. __________________ Save My Mini city! Save my Industry!

13th Jan 2009, 15:21	#4
n3mo Multimodder Join Date: Oct 2007 Posts: 184	Always good to hear about big company losing money.

13th Jan 2009, 17:56	#6
rollo Multimodder Join Date: May 2008 Posts: 208	another 16k jobs gone dang the world is in freefall

13th Jan 2009, 19:29	#7
rollo Multimodder Join Date: May 2008 Posts: 208	as a old friend of mine said before he got fired theres no such thing as a 100% secure job so n3mo either lives of state or is still school ?

13th Jan 2009, 23:34	#11
Otto69 Supermodder Join Date: Oct 2007 Posts: 253	Aside from a few things like the PS3, Sony electronics has been garbage for a decade or more. There was a time when Sony meant "quality" but that was a long long time ago.

14th Jan 2009, 01:37	#13
Aragon Speed Busily modding X3: Terran Conflict Join Date: Jan 2009 Location: England Posts: 52	Considering the state of the worlds finances ATM, this is hardly surprising news.

14th Jan 2009, 09:03	#15
Joe Nothing interesting to put here. Join Date: Jan 2009 Posts: 11	When i saw the words loss and Sony - console-fail immdeatly poped into my mind. But then again everybody is suffering ... 16k workers being told to go home ?! Wonder what type of workforce this will be or if it is going to be mixed.

14th Jan 2009, 10:20	#16
[USRF]Obiwan Ultramodder Join Date: Apr 2003 Location: Netherlands Posts: 1,220	Whats weak with the large company's is that it goes well for 15 years and if they loose some money in year 16, thousands of employees have to go. The same employees that worked their asses to keep the company healthy for 15 years. A smart company would have build up a reserve for that 15 years to compensate for the bad years and pay employees out of the reserve. they should kick some of staff or a bunch of managers out, because every one member of the staff has probably the same salary in a month that 500 employees make in a year. (not counting the enormous bonuses they get each year) Its a goddamn shame it goes this way. __________________ Mascleta: "The most accurate simulation of thunder, humans can simulate..." The answer is 42, so... whats the question again? If you know what 'Peek' and 'Poke' represents, then you are probably as old as me.

14th Jan 2009, 13:35	#17
Penrhos Supermodder Join Date: Oct 2001 Location: Leicester UK Posts: 324	Well if Sony give them a PS3 as part of the severage package that'll be another 16,000 units moved and give them something to do while they look for another job. Hell they might as well throw in a Sony HDTV as no-one going to be buying them anyway if the recession bites any deaper. __________________ 1)Shuttle SN85G4, A64-XP3000+, 2256M PC3200, 160G Maxtor Sata,Pioneer 108, 9800Pro, XP-SP2.(18880 3dmark2001se) 2)Asus A7N8X Dlx, XP2800+, 2512M PC2700, 2120G sata - JBOD, 1200G pata, Pioneer 108, 52X CDRW, 9800Pro, XP-SP2.(15,650 3dmark2001se) 3)Soltek Qbic QI3601, 512M PC2100, Pioneer 107, 48X CDRW - FTP and D/l PC

14th Jan 2009, 17:48	#18
pendragon I pickle they Join Date: May 2004 Location: Massachusetts,usa Posts: 631	on the ond hand, as I don't really care for Sony as a company, this is 'good news', on the other hand I feel bad for those 16,000 people sucky time to lose your job __________________ -----BEGIN GEEK CODE BLOCK----- GCS d-@ s-:>: a- C++$ UL---@ P++>+++++$ L+ E----@ W+++ N o? K? w++>+++++ O---@ M-- V? PS--() PE+@ Y? PGP-@ t+(+++) 5(+)@ X@ R+(++) tv@ b++ DI@ D++ G e++>+++++ h! r(%) y? ------END GEEK CODE BLOCK------

16th Jan 2009, 14:09	#19
DXR_13KE Madeira's banana is the best!!! Join Date: Sep 2005 Location: Madeira ; Portugal Posts: 6,473	this is happening to everyone everywhere... edit: the sink hole is getting near!! __________________ *Renegade X - 0.40 Release!* <---- CLICK!