One can easily say that a loss for any company at this point could be indicative of the larger economy and the perils that each company faces, but a few companies like Apple, have been able to weather the storm with flying colors. That being said, a loss from any company would not be too surprising, but a large loss from a company that hasn’t seen a loss in over a decade, could raise cause for concern. According to Associate Press Tokyo, Sony has reported a loss of one billion dollars, their first lost in fourteen years.
The company that we all have come to know and love/hate reported a $1.72 billion loss in the final quarter of it’s fiscal year (January-March), bringing it’s full fiscal year total to just shy of a billion in losses. Sadly, Sony is following the trend of other Japanese electronics brands this year, which are also reporting huge losses.
To put this in greater prospective, Sony’s last fiscal year reported a 3.8 billion dollar profit. Sony has a wide array of electronic offerings, and it seems the Playstation 3/PSP sales are not to blame. Playstation 3 sales where up 10% and PSP sales where up slightly over the last fiscal year.
Sony is a strong company that has been around for a long time, and we shouldn’t be too concerned about them weathering the storm. And with possibly a huge e3 announcement on the horizon, Sony, at least in the gaming market, are more than on top of things.