Despite the PS4’s success, Sony as a whole continues to struggle. Sony is expecting to post a whopping $1.1 billion loss for the fiscal year ending on March 31st, which is over 3x the amount Nintendo reported earlier last month ($336). Alongside the loss, Sony plans to cut a total of 5,000 jobs to compensate for the losses.
The main causes for this loss is Sony’s TV and PC division, which have created huge holes in the company’s pockets.
“Sony’s share of global TV revenue fell to 7.5 percent in the third quarter last year from 8.1 percent the previous quarter, according to NPD DisplaySearch. Sony ranked third, trailing Samsung and LG.”
“There’s no prospect of its TV business being profitable,” said Makoto Kikuchi, the Tokyo-based chief executive officer for Myojo Asset Management Co. “Sony’s strengths are content such as games and movies. It cannot increase profit without moving its focus from TV production to content.”
Sony plans to sell its PC business and separate its TV division into an individual unit after reporting that the division will lose money for the 10th year in a row.
Sony is definitely in peril right now, it’s no doubt. I just hope that none of these problems will negatively affect their gaming side of things. Let us know what you think down below.
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There is a small typo in the article.
“Alongside the loss, Sony plans to (but) a total of 5,000 jobs to compensate for the losses.”
Thanks for posting this , Sites like VideoGamer.com only mentioned that the gaming division made a profit. Lol. The whole gaming industry is bought out, IGN is sponsored by Sony with Payola PS4s, Machinima with Microsoft etc. :
RT @Shokio_YT: Sony Reporting a $1.1 Billion Loss, Will Cut 5,000 Jobs: Despite the PS4’s success, Sony as a whole contin… http://t.co/0Q…
Heres a Sony ad on IGN, they sponsored and rigged their coverage just like Machinima : http://www.youtube.com/watch?v=DUbamZxV83U&list=WLy1DQuKoRE2oovIykauhFjprV1G3d-H6S
@Boogie2988 Talk about this please, its a serious matter that could have detrimental effects to the gaming industry http://t.co/uZB7XLqKbI
Sony Reporting A $1.1 Billion Loss, Will Cut 5,000 Jobs http://t.co/EFsu3jvj6t
Ouch….Dang Sony.
http://t.co/pVwRINvyz6
RT @Shokio_YT: Sony Reporting a $1.1 Billion Loss, Will Cut 5,000 Jobs: Despite the PS4’s success, Sony as a whole contin… http://t.co/0Q…
RT @NeoGameSpark: Ouch….Dang Sony.
http://t.co/pVwRINvyz6
RT @Shokio_YT: Sony Reporting a $1.1 Billion Loss, Will Cut 5,000 Jobs: Despite the PS4’s success, Sony as a whole contin… http://t.co/0Q…
RT @Shokio_YT: Sony Reporting a $1.1 Billion Loss, Will Cut 5,000 Jobs: Despite the PS4’s success, Sony as a whole contin… http://t.co/0Q…
And people saying that Nintendo is doomed and Sony is safe from this situation. http://t.co/eb5C70V3NM
Tien tien, Sony a perdu 3x plus d’argent que Nintendo. Mais on n’en parlera pas vu que c’est Sony. http://t.co/frJAufn8G1
RT @Shokio_YT: Sony Reporting a $1.1 Billion Loss, Will Cut 5,000 Jobs: Despite the PS4’s success, Sony as a whole contin… http://t.co/0Q…
Wait, this can’t be true! Everyone on the Internet says that Nintendo is the wrong that is doomed. Maybe….the internet people don’t know what they are talking about?