Japan's Nikkei reports Sony's end of year profits for the year to March 2008. Although the company as a whole as made a profit - but has missed targets - its game division has made a loss.
According to Reuters' report, "Sony's videogame division saw its operating loss shrink by about 100 billion yen (£4.8m) in the year ended March 2008, helping boost overall profitability."
The loss was based on PS3 development and launch costs - and yes, you can lose £4.8 million and turn that into a positive statement. Why? Because you do indeed have to speculate to accumulate.
Source: Reuters
According to Reuters' report, "Sony's videogame division saw its operating loss shrink by about 100 billion yen (£4.8m) in the year ended March 2008, helping boost overall profitability."
The loss was based on PS3 development and launch costs - and yes, you can lose £4.8 million and turn that into a positive statement. Why? Because you do indeed have to speculate to accumulate.
Source: Reuters
Companies:
Sony
Read More Like This
Comments
SuperSaiyan4 2 May 2008 15:21
1/6
Thats not bad actually, considering Microsoft's losses with the Xbox and Xbox 360 have been significantly higher for Sony I think thats a small loss.
lazystyle 2 May 2008 16:36
2/6
£4.8 million is nothing, Microsoft are having put aside $1.15 bn (£500+ million) due to the high failure rates.
more comments below our sponsor's message
realy 2 May 2008 21:50
3/6
I think I need a translator. How can you make "loss shrink by 100bn" into "loses more money" ?
UrAn00b 4 May 2008 08:11
4/6
I wonder when the last time was you used a currency coverter or did basic math.
Live rates at 2008.05.04 08:07:23 UTC
1.00 USD = 105.370 JPY
From XE.
Looks like 100ish yen in $1. So divide the 100 billion by 100 and you get... surprise, $1 billion, NOT a paltry few million.
Guess what though, to a company like Microstuff, that kinda amount is pocket change. They earn more pure cash profit than that in a quarter or 2.
And if you bothered to look at numbers, MS lost more than $4 billion during the lifetime of the xbox 1, and that INCLUDES all game sales and halo 1 and 2 sales (halo 2 sales were the very first quarter thier console division even showed a profit). So a $1 billion loss isn't much compared to another big player like MS.
Live rates at 2008.05.04 08:07:23 UTC
1.00 USD = 105.370 JPY
From XE.
Looks like 100ish yen in $1. So divide the 100 billion by 100 and you get... surprise, $1 billion, NOT a paltry few million.
Guess what though, to a company like Microstuff, that kinda amount is pocket change. They earn more pure cash profit than that in a quarter or 2.
And if you bothered to look at numbers, MS lost more than $4 billion during the lifetime of the xbox 1, and that INCLUDES all game sales and halo 1 and 2 sales (halo 2 sales were the very first quarter thier console division even showed a profit). So a $1 billion loss isn't much compared to another big player like MS.
Helpful 4 May 2008 11:14
5/6
Loaded headline. Should read "Sony Gaming Division Loses Less Money" to be a fair representation of the article.
neslay 4 May 2008 12:07
6/6
Helpful wrote:
Loaded headline. Should read "Sony Gaming Division Loses Less Money" to be a fair representation of the article.
they are still losing money so on agregate they're losing more money