Sony expects game losses to double

Vikingod · Oct 29, 2007, 01:35 PM

Source: GamesIndustry
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Sony has announced that it expects losses at its videogame unit to double for the year ended March 2008, from JPY 50 billion (303.5 million) to over JPY 100 billion (EUR 609 million).

According to a report by Reuters, a spokesperson for Sony said although the firm will see massive losses in the games department, the general electronics business will see an operating profit margin of five per cent by the end of the fiscal year, one per cent above targets.

Sony announced its financial results for the second quarter last Thursday, showing an overall revenue growth year-on-year of 12.3 per cent and an operating profit of JPY 90.5 billion (EUR 549.3 million).

BlueMak · Oct 29, 2007, 01:56 PM

Hopefuly they won't be so cocky next round.

Oct 29, 2007, 01:35 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Sony expects game losses to double Source: GamesIndustry __________ Sony has announced that it expects losses at its videogame unit to double for the year ended March 2008, from JPY 50 billion (303.5 million) to over JPY 100 billion (EUR 609 million). According to a report by Reuters, a spokesperson for Sony said although the firm will see massive losses in the games department, the general electronics business will see an operating profit margin of five per cent by the end of the fiscal year, one per cent above targets. Sony announced its financial results for the second quarter last Thursday, showing an overall revenue growth year-on-year of 12.3 per cent and an operating profit of JPY 90.5 billion (EUR 549.3 million).

Oct 29, 2007, 01:56 PM	#2
BlueMak HH's Asteroids' Dominator Join Date: Nov 2004 Location: Hellas->Macedonia->Thessaloniki Posts: 13,465 Rep Power: 349 System Specs	Hopefuly they won't be so cocky next round. __________________ The people who are regarded as moral luminaries are those who forego ordinary pleasures themselves and find compensation in interfering with the pleasures of others(Bertrand Russell)"You go into Afghanistan, you got guys who slap women around for five years because they didn't wear a veil,You know, guys like that ain't got no manhood left anyway. So it's a hell of a lot of fun to shoot them." - Lt. Gen. James N. Mattis This is slavery, not to speak one's thought. [Euripides-The Phoenician Women (c.411-409 B.C.)] http://www.macedonia.info/FALLACIESANDFACTS.htm *Sic semper tyrannis.*