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Allsorts111 (spot network admin)
I dont agree: i own a sony phone, ps2, psp and a sony mylo and walkman mp3 player. I came across these and found them funny.
This is so funny: http://www.thebestpageintheuniverse.net/c....u=sony_bullshit
Ps3 song: http://www.collegehumor.com/video:1744652
BUT:

TOKYO, May 16 — Sony posted its worst quarterly loss in four years today, but said strong television sales and hit movies like “Spider-Man 3” will put it back on course by fiscal year-end, when it expects a record profit.

The Japanese electronics conglomerate said it lost 67.6 billion yen ($583 million) in the three months ending March 31, as a weak start for its new PlayStation 3 video game masked a turnaround in other divisions like consumer electronics and movies.

For the entire fiscal year ending in March, Sony’s net profit rose just 2.2 percent to 126.3 billion yen ($1.1 billion), the company said.

However, Sony sounded a rosier note in its forecast for the current fiscal year, when it expects to narrow its video game losses and bring its bread-and-butter TV division to profitability. The company said it expects a record 320 billion yen ($2.8 billion) profit for the year through March 2008.

Analysts said today’s results suggest Sony is putting its troubles behind and moving back on track to recovery from the grim days in 2003 when losses at the Japanese giant sent the nation’s entire stock market into a nosedive.

But analysts also said the new PlayStation’s disappointing start underscores how the Tokyo-based company still has its work cut out to regain its former luster.

“Sony has made significant improvements, but its recovery is still very modest,” said Koya Tabata, an analyst in the Tokyo office of Credit Suisse Securities. “Sony is still working on getting back to being just a normally healthy company, from a bad one. It’s still far from being the industry leader.”

Sony is in the second year of a turnaround effort led by its first foreign chief executive, Welsh-born American Sir Howard Stringer, who has closed factories, cut jobs and axed unprofitable products like Aibo, the robot dog. The once proud Japanese giant has found itself in the unfamiliar role of playing catch-up with relative newcomers like South Korea’s Samsung in flat-panel TVs and Apple’s iPod in portable music, a business that Sony itself pioneered more than two decades ago with the Walkman cassette player.

Recently, Sony has scored a string of hits with its Bravia flat-screen TVs, Cyber-shot digital cameras and movies like the newest James Bond film, “Casino Royale.” But analysts said PlayStation 3’s success remains crucial to the company’s overall turnaround efforts. The new console showcases some of Sony’s newest and most expensive technologies, including its high-speed Cell microprocessor and Blu-ray next-generation DVD.

Mr. Stringer has been counting on PlayStation 3 to become a global hit to help restore the company’s reputation as an innovator and keep ahead of cheaper Chinese rivals.

However, since its November roll out in the United States and Japan, PlayStation 3 has quickly fallen behind its two rivals, Nintendo’s Wii and Microsoft’s Xbox 360. According to NPD Group, a New York-based market research company, Sony sold 501,000 PlayStation 3 consoles in the United States from January to March, behind Wii sales of 1.03 million and Xbox 360’s 721,000.

That is a big setback for Sony, whose previous game console, PlayStation 2, held a commanding 70 percent share of the global market. The newer PlayStation has suffered from repeated production delays, and is more expensive than Wii or Xbox 360. Last month, Ken Kutaragi, the father of the PlayStation series and once a rising star at Sony, announced he will step down in June as chief executive of the game division.

Sony today said it shipped 5.5 million PlayStation 3s in the last fiscal year, below its target of 6 million. In this fiscal year, it said it expects to ship 11 million of the consoles, which would still put it behind Nintendo’s expected sales of 14 million Wii units this year.

Sony’s chief financial officer, Nobuyuki Oneda, told reporters today that it would be “difficult” for the games unit to break even this year, though it should pare its losses. Sony said the games unit lost 232 billion yen ($2 billion) last year, a drop it blamed on selling new PlayStation consoles at prices below production costs to try to keep up with Wii and Xbox 360.So far, Wii has attracted consumers with its easy-to-play games and wand-like wireless controller. But analysts said PlayStation 3 still has the potential to become a hit, especially as consumers replace their current TVs with high-definition sets, which will better display PlayStation 3’s superior graphics.

“There’s not much reason for most consumers to own a PS3 now,” said Masayuki Otani, an analyst at Maruwa Securities, referring to PlayStation 3. “But that could easily change in a few years.”

Sony today painted a much brighter picture of its other divisions, most notably consumer electronics, which accounted for 73 percent of Sony’s total sales last year. Analysts particularly welcomed signs of a turnaround in TVs, an area where Sony fell behind competitors after it was slow to make the shift from tube sets to flat panels.

Sony said profit at its electronics division jumped almost 22-fold last year to 157 billion yen ($1.4 billion), as sales rose 16.9 percent to 6.1 trillion yen ($52.2 billion). The company said the big profit gain partly reflected a conclusion to an embarrassing recall of overheating laptop batteries that cost 51 billion yen ($440 million) last year.

Sony’s movie unit posted a 55.7 percent gain in profits to 42.7 billion yen ($368 million), the company said. Sony also said it expects to gain from the 59 billion yen ($509 million) sale of its former Tokyo headquarters. Sony has moved its offices from the industrial Tokyo neighborhood where the company had spent most its 61-year existence to a new tower in the city’s redeveloped Shinagawa area.

In the current fiscal year, Sony said it expects overall sales to rise 6 percent to 8.78 trillion yen ($75.7 billion). Last year, its sales rose 10.5 percent to 8.3 trillion yen ($71.2 billion), the company said.
UFCmma
awww poor sony. i dont like big corporations and if they lose some money they will find away to make it up. i know consumers will end up pauin out the ass but thats the facts of life. thats why i dont like big corp. they are big booty butts if you ask me
Bomb
Lol Sony is copping it lmao
la_faker_81
That song was funny. I don't agree either, i love sony products. I couldnt care if people hate the ps3, i like it.
DEvok
I dont hate sony, i have a PSP anyway and other products that they have made.
Allsorts111
As i stated i dont hate sony. I everything BUT hate them. There products generally rock and are iconic.
DEvok
QUOTE(Allsorts111 @ May 18 2007, 01:10 AM) *
As i stated i dont hate sony. I everything BUT hate them. There products generally rock and are iconic.


you go tell them man! send them a email lol. i love sony they have all the best electrical.
ZeroX24
Agreed, Sony makes some of the best electroonics, but I hate the way they conduct themselves
HK88
Sony is great. They know how to make consoles for the hardcore gamers. Im not a hardcore gamer. They know how to make expensive consoles. I cant afford it at the moment.......go screw urself sony mad.gif
Ash
ya sonys really great i mean if it wasnt for them we probably wouldnt have this site. but i like the big turd falling on the people
xpa
I like sony, People like this just have too much time and are tryin to convince themselves that they bought the right console!!!
I dnt hav a ps3 but like em, I have a 360 tho.
people should grow up
lol
xpa
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