Analysts predict Sony will be doing much better

Posted May 16, 2007 at 12:45PM by QJ Staff Listed in: News, Opinions & Analysis Tags: Sony
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Analysts: Sony will be doing much better - Image 1Whether you love Sony or hate it, it's common knowledge that they didn't have a good year last year and their recent financial reports have confirmed it. The massive recall of 9.6 million laptop batteries and the launch costs of the PlayStation 3 really took its toll on the company.

Analysts say that the company is due for a rebound, though. Tomomi Yamashita, senior fund manager at Shinkin Asset Management, spoke on the company and the problems that Sony is trying to fix.

The forecast looks really good. It will be a matter of whether the company can actually achieve that goal. Investors think highly of Sony's efforts to turn around its struggling electronics business. Now it's game business is underperforming, and whether it can fix that too will be closely watched.


The company will be making its rebound with a new range of products, and expects the charge to be led by their line of LCD TVs as well as a better showing from the PlayStation Portable. Sony has warned, though, that their game division may be in the red for some time due to last year's operating loss of about 232 billion yen.

Via Reuters

 
 
 

Comments [refresh]

by . - 2007-05-16 07:57
» lol

i wonder how much sony pays these guys to say that

by Mister Common Sense - 2007-05-16 08:07
» well...

Sony couldn't possibly do any worse than last year.



At least Ken Kutaragi quit. That's a step in the right direction.

by Missus Common Sense - 2007-05-16 08:26
» what?

Ken Kutagari quit??? When did that happen?

by - - 2007-05-16 08:31
» lol

No ps3 price drops for you anytime soon!

by joe - 2007-05-16 09:16
» whats the point?

Analyst A says Sony will come in last, Analyst B says Sony will win, Analyst C says Sony takes second place

its all just guess whats the point of even posting this kinda of news

by Quixand - 2007-05-16 09:23
» analysts!!!!

these guys should buy a PS3 to help their predictions!!! haha!!!



come on guys a little Motorstorm will help you a lot, u guys are so uptight.

by damonous - 2007-05-16 10:52
» 2 Billion US

I had to run that number through a currency convertor. 232 billion Yen equals 1.9 billion American. WHEW! That's a whole lotta' cash to have in the red.... for only 1 year, even.

by Punk! - 2007-05-16 11:01
» Punk!

You're all REALLY nerdy to mehh.

by XD - 2007-05-16 11:09
» XD

A few weeks ago..



anyway, Sony is not just all about gaming tho

by hahahaa - 2007-05-16 11:28
» oh well

120 shares of SNE on sept 2006. Im still happy.

by Dodo - 2007-05-16 11:58
» ..

C'mon Sony you can do it!

by Destroyer - 2007-05-16 12:26
» ...

Thats nothing compared to the 4-5billion loss Microsoft had with it's xbox, and their still in the red and thats even with the xbox360 doing good.

by Quixand - 2007-05-16 12:52
» haha Dodo my friend

you sound like someone from an Adam Sandler movie!!!



You can do it!!!

by Someotherkid - 2007-05-16 18:18
» ->

The only problem is that the analysts aren't going to buy the consoles.

Anyone with an opinion can be called an analyst, so I guess Sony will be attacked by aliens, making the company super-popular, and so they get daily hadware sales of about 2,000,000.



You think my opinion is so-not-true? At least it is unbiased and sincere.

by Lol im Jesus - 2007-05-17 09:43
» ...

Come... into the light. Come now boy! Come on you can do it!!!



RUN ***** RUN!!!

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