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PlayStation 3: Sony May Post Biggest Loss In 4 Years
In some concerning news for Sony corp. backers, Bloomberg (german financial analysts) states that the company is expected to post their biggest quarterly loss in four years. The lack of demand for the PS3 is deemed the main reason for the downturn. Apparently, PlayStation 3 is now being outsold by Wii by about two to one, causing Sony’s game division, its second-largest by revenue, to post a fourth-quarter loss of 121 billion yen and a record 245 billion yen deficit for the fiscal year, according to five analysts.
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Sony Corp., the world’s second-largest consumer electronics maker, may report its biggest quarterly loss in four years after the PlayStation 3 game console failed to spur as much demand as Nintendo Co.’s Wii player.
The net loss at Tokyo-based Sony may have widened to 75.8 billion yen ($630 million) in the fiscal fourth quarter ended March 31, from 66.5 billion yen a year earlier, according to the median estimate of 11 analysts surveyed by Bloomberg. Sales probably rose 9.5 percent to 2.02 trillion yen, the survey showed.
PlayStation 3 is being outsold by Wii by about two to one, causing Sony’s game division, its second-largest by revenue, to post a fourth-quarter loss of 121 billion yen and a record 245 billion yen deficit for the fiscal year, according to five of the 11 analysts. The loss may exceed profits from electronics such as Bravia televisions, and the movie unit, whose ``Spider-Man 3’’ generated record box-office sales when it opened this month.