Quick Jump Daily Digest
Thank you for your interest in the Quick Jump Daily Digest. Get notified of all new content on QJ in our free Daily Digest. To subscribe, enter your email address below and click the subscribe button.
Sony Chairman believes "PS3 making a comeback", stockholders say otherwise |
Listed in: PS3 Tags: Howard Stringer, Sony
Ó
Sony Corporation is looking to make a comeback and start turning the financial reds into blacks, and eventually profits. The Chairman of the company Howard Stringer addressed stockholders in the annual shareholder meeting and announced that "we [Sony] will shift Sony from recovery to profitable growth."As most would remember, the company suffered heavy financial losses with the battery recall and the release of the Playstation 3. While the battery issue has been resolved, recouping the PlayStation losses is an uphill battle for the company. Stringer spoke on this issues and disclosed how they planned on recouping:
All the production problems have been solved. We are making a comeback already. We always lose money in the hardware initially, and we recover that money gradually. We believe that the PS3 going forward will be vital to our future, and succeed.
Stringer was stating a fact when he said that Sony was recovering, its shares did rise by a good 27% this year. Unfortunately, Stringer's enthusiasm did not seem to rub off on the investors with Sony shares dropping by 1.51% in Tokyo after the shareholder's meeting. Keep checking back here for the latest industry news.
Via Yahoo
| This story sucks? This story rocks! |
|
|












Comments
It's not that PS3 is selling bad.. its that Wii's are selling AMAZINGLY.
Reply
Reply
Reply
Reply
Reply
Reply
Reply
Reply
I have a huge ps2 collection That I worry will become worthless if the ps3 fails.
So many awesome titles on the ps2. And all of them will be as worthless canadian money if the ps3 fails.....
Its sad.
Reply
Reply
go kill urself and bring ur 360 with u
Reply
They instead re-release the same and make even more money knowing that their brainwashed fan base will buy no matter what.
Reply
at how xman sounds like a 12 year old fanboy.
Reply
Reply
im sorry i bash the ps3, it's just that deep down inside i wish i was a woman and when i look at my naked body in the mirror, my male parts make me sick...
Reply
Reply
Reply