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Sony reports annual loss of $1.25 billion despite strong PlayStation 4, smartphone sales

By Shawn Knight · 7 replies
May 14, 2014
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  1. Despite a strong showing from the PlayStation 4 and its line of smartphones, Sony on Wednesday reported a ¥128.4 billion ($1.25 billion) net loss for the 2013 fiscal year. Things aren't expected to get better anytime soon either as the...

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  2. Jad Chaar

    Jad Chaar Elite Techno Geek Posts: 6,515   +974

    "Sony also cited shrinking demand for disc-based media as another reason for the loss."
    Haha wow Sony.
    ikesmasher likes this.
  3. treetops

    treetops TS Evangelist Posts: 2,045   +206

    " If you recall, Sony announced in February that they were selling their entire PC division to Japan Industrial Partners for an undisclosed sum and would be laying off 5,000 staff members globally."

    So we really do not know if they did better or worse last year.
  4. davislane1

    davislane1 TS Grand Inquisitor Posts: 4,731   +3,749

    If there is another forum I am supposed to post this to, my apologies. A suggestion for Techspot articles concerning company financials: Don't cite sales numbers without proper context.

    For instance, the article above makes the following statement:

    "The gaming division also turned in a solid performance with sales of $9.5 billion – that’s up 38.5 percent year over year. "

    So their gaming division is doing pretty well, then? Not as well as the preceding statement would lead us to believe. From the article linked in the post (emphasis added):

    "All in all, sales across the gaming division were up 38.5 percent, raking in a whopping $9.5 billion for the company. All that money couldn't help the gaming division shake off an operating loss of $79 million, however, which the company attributed to both the cost of launching the PlayStation 4, as well as a $60 million write-off PC titles from Sony Online Entertainment."

    Sales figures always have to be coupled with the costs of doing business to get an accurate picture of what's happening within the company. Omitting the latter makes the information unusable. Their overall performance was framed correctly in the opening paragraph, but the same things needs to be done when referencing specific divisions.

    Hopefully you guys find this helpful.
  5. tipstir

    tipstir TS Ambassador Posts: 2,426   +112

    Everyone online playing PC multi-player games around the clock. I don't see the draw into spending for console systems when PC's can be has powerful. SONY has SOE Games so they know already the draw to online games. Perfect World (ARC), SONY (SOE) and Kixeye just some of the most popular and more of the draw.
  6. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,270

    What these huge manufacturers tend to forget is that we're still in the throes of a worldwide recession, everybody's feeling the pinch (well I am at least). When it finally lifts I'm sure they'll come out swinging.
  7. Well maybe, Sony just, reported a loss, and thought, oh well, restructuring, recession.
    The only questions, seem to come from the article writer themselves, and leave you thinking, "what will Sony ever do now?" or "what can this mean to me?".

    Nothing. Now go on with your lives.

    And to bring the whole console < PC argument up again. Jeez. Give it a rest.
    Especially when the Gaming division, which I would assume deals with consoles or their games too, made all the money. Developers love consoles. Its free money. Charging twice as much to console owners who can't wait for price drops.
  8. Aric B

    Aric B TS Rookie

    The man has a point, I am tired of seeing numbers without more solid evidence... To many people claiming something, and a couple years later ending in lawsuit.

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