Sony Gaming Division Loses More Money
But that's not all bad news.
Posted 2 May 2008
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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
Comments
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.
2/6
£4.8 million is nothing, Microsoft are having put aside $1.15 bn (£500+ million) due to the high failure rates.
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3/6
I think I need a translator. How can you make "loss shrink by 100bn" into "loses more money" ?
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.
5/6
Loaded headline. Should read "Sony Gaming Division Loses Less Money" to be a fair representation of the article.
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
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