Sony posts record high $5.7 billion annual loss, worst in company history

By Shawn Knight ยท 36 replies
May 10, 2012
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  1. Sony has posted a record annual net loss of $5.7 billion, or $5.55 per share, marking its fourth straight year in the red highlighted by declining sales company-wide. The loss...

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  2. Rasta211

    Rasta211 TS Booster Posts: 215   +32

    Come on Sony you can do it!
  3. PC nerd

    PC nerd TS Booster Posts: 317   +41

    It makes me sad to see Sony in this state. My PSOne still works after 10 years. PS2 is still kicking after about 5 years.

    And I've got a Samsung 830 64GB SSD in my computer.

    I do love Sony's products.
  4. captainawesome

    captainawesome TS Guru Posts: 428   +44

    @PCnerd .. I don't get where the Samsung SSD comes into the equation?
  5. captainawesome

    captainawesome TS Guru Posts: 428   +44

    oh and @Sony... Rather stop suing ppl who hack your consoles. You should maybe focus on improving the software and opening the things up to apps. I would LOVE to have XBMC on my PS3. Hell, I'd buy one JUST for that reason! Your PS3 dashboard is dismal compared to XBox
  6. captainawesome

    captainawesome TS Guru Posts: 428   +44

    I mean, whytheF is there not a Playstation app store yet where you can install APPs directly to the dashboard?!
  7. PC nerd

    PC nerd TS Booster Posts: 317   +41

    Oh hell. What a ****-up.

    It's very late. 2 companies beginning with "S", confused me.
  8. captaincranky

    captaincranky TechSpot Addict Posts: 13,036   +2,558

    As do I. Sony products often set a standard for quality in the electronic industry. A few bad decisions mortally wounded the company. Most notably, the scandal with the root kit infections hidden in their music CDs, ostensibly masquerading as "copy prevention".
    I have a 50 CD changer pushing 15, (used almost daily), and a portable hybrid tube / transistor B&W TV, more than than 3 decades old, I'm pretty sure I could coax to life with a digital converter box. As a souvenir I also have a, STR-V55 Sony digital receiver, the first all digital synthesis AM /FM tuner made available to the general public. Sony has a rich history of stuff that works well, is innovative, and doesn't break..

    (As unpopular of an opinion as that may be).

    Dear Mr. Awesome, consider consolidating your post via the "edit" function. That would really be awesome....
  9. captainawesome

    captainawesome TS Guru Posts: 428   +44

    @Mr Cranky. I don't go into the actual forum so there is no edit command. It is good to see you are living up to your name though.
  10. Littleczr

    Littleczr TS Addict Posts: 439   +86

  11. I've gone off Sony products, they insist on using non-mainstream connectors on devices and then charge crazy prices for the cables etc, that is so annoying I won't buy them. Example, I recently won a Sony Tablet in a competition, it has the weirdest power supply connector, it has a USB port but not a standard USB plug - I have to buy a Sony adapter cable, why? I have a Sony phone, is also has a weird power connector and USB connector.
    What is wrong with using mainstream connectors so we don't all end up with piles of different cables for each device.
  12. Wendig0

    Wendig0 TechSpot Paladin Posts: 1,136   +131

    I love Sony products, I just don't like the company. As Captaincranky mentioned, the root kit debacle is just one of the many reasons I don't like them. Another is their stance that you never really own the products you buy from them, you're only paying for the privilege of using them (eg: Removing the PS3 Other OS feature just for giggles; the Geohot/root key thing). Because of their "Screw the consumer" stance over the last few years, I've lost all respect for Sony as a company, and won't buy another product of theirs until they change their position on that.
  13. Raswan

    Raswan TS Enthusiast Posts: 279

    Couldn't happen to a nicer set of people.
  14. captaincranky

    captaincranky TechSpot Addict Posts: 13,036   +2,558

    Oh, it's all so confusing with this new software. The front door is the backdoor. The backdoor is the front door.

    Oh well, at least you can say of me, "he picked a screen name that fits". I was going to go with "captaintremendous", then changed my mind. I certainly didn't feel like living up to that.
    captainawesome likes this.
  15. killeriii

    killeriii TS Enthusiast Posts: 213   +14

    Sony needs to get their act together!

    I wouldn't want them to drop the TV line completely. I've got a 60" Bravia I picked up last year, and it's the most beautiful looking TV I've seen. IMO
  16. Sony doesnt care about their customers, well, looks like the customers doesnt care about sony too.

    The DRM war is killing sony... congratulations !!!
  17. wizardB

    wizardB TS Booster Posts: 121   +23

    Couldn't happen to a nicer company ,Sony deserves loses like this for many years to come if for their involvement in RIAA to putting malware on their CDs and the miriad of scummy things they've done over the last few years....the sooner companies like Sony die off the better for the consumer!!!
  18. Ssendi

    Ssendi TS Rookie Posts: 18

    My PS2 is wow when I connect it on my 32" Bravia, the bravia sync does wonders... As a Marketing and tech nerd, I would just improve on what I have, smart phone world is so competitive now!!! Just think of Loyalty consumers have towards Sony!!!
    As Killerii ' I wouldn't want them to drop the TV line completely"
  19. captaincranky

    captaincranky TechSpot Addict Posts: 13,036   +2,558

    Sony has done a lot of good over the years. It's won some and lost some. For example Beta tape (fail), Blu-Ray (win). That said, it's nice to see a company with a controlling nature almost as oppressive as Apple's, paying the price for its transgressions.

    Does the world really need such proprietary s*** as the "Memory Stick", I think not.

    Those things notwithstanding, Sony always had reliable quality, which is something that competitors such as JVC never did. Maybe they can redeem themselves in time. Their siding with the RIAA / MPAA lobbies is perhaps unforgivable by some, but understandable given the large recording and motion picture wings of their business
  20. Arris

    Arris TS Evangelist Posts: 4,730   +379

    I can say I don't like Sony insisting on propriety connectors either. My Sony Nex camera has a flash that uses something that looks like a jack connector, and the only external microphone that can be used is a Sony one through the same connector. Although Sony aren't the only company to do this... *cough* Apple *cough*.
  21. Benny26

    Benny26 TechSpot Paladin Posts: 1,535   +51

    I'll also throw my hat in for Sony's products also. I've always had confidence in their quality and longevity.

    Sure, their customer treatment and "connectors" thing do leave something to be desired, but even still, I hope they bounce back soon.
  22. Looks good on you Sony. You stopped making quality products years ago.
  23. CrisisDog

    CrisisDog TS Booster Posts: 139   +33

    Samsung is the new Sony. I've had too many issues with Sony products lately, and their decisions on the gaming front has just lowered my expectations. I used to be a Sony fanboy, but I find myself purchasing Samsung these days...
  24. cookiedude

    cookiedude TS Booster Posts: 157

    Hardly Sony specific! Apple do this on ALL of their products, I have an Olympus camera that has a proprietary power cable, and so on. I don't agree with this approach either, I would much rather everyone conformed to a standard, but you certainly can't single Sony out over it!
  25. I place the blame for this squarely on Howard Stringer. I think he bet on people swooning to the Sony name while seriously damaging both the Sony ES line and their TV line. What Stringer did not count on was competition developing products that match or exceed Sony's in quality AND people realizing that the competition was producing those products at price points below Sony's.

    IMHO, Stringer is an arrogant fool who should no longer have anything to do with Sony and should resign in disgrace, thus leaving Sony to the new guy.

    The new guy has a lot of rebuilding to do, and with Stringer around, I am willing to bet his job will be much more difficult. I wish him the best of luck as to me, his task will be arduous.

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