Wed, Oct 29, 2008 | 10:51 GMT
Sony shares at lowest point for 16 years
Oh dear. Having slashed forecasts by 57 percent for the current financial year, the PS3-maker’s stock is now trading at a 16-year low.
Sony’s net income has fallen over ¥50b from the last quarter, dropping to ¥20.8b.
The firm announced this morning that PS3 sales were heavily up in the last quarter compared to last year, an 86 percent increase to 2.4 million units sold.
More on Edge.
11 
Posted in: PS3, Sony, Trade
Tags: whoops apocalypse
11 comments
#1
Blerk
29/10/08, 10:55 am
Buy! Buy!
#2
patlike
29/10/08, 10:56 am
“Don’t buy anything that keeps going down.”
#3
Blerk
29/10/08, 10:59 am
Really? I was just about to buy a hooker too.
#4
XDamage
29/10/08, 11:00 am
I hope the japanese export industry makes it through this without too many bankruptcies among the smaller businesses.
#5
Psychotext
29/10/08, 11:14 am
Blerklol… you rent hookers, not buy them. Buying them is called marriage.
#6
Shatner
29/10/08, 11:18 am
Marriage: it’s not a word, it’s a sentence.
#7
Blerk
29/10/08, 11:19 am
Ba-da-boom-tish!
#8
Tonka
29/10/08, 12:17 pm
I was about to say that all stocks are at their lowest point for about 16 years but now I feel like a kill joy.
Maybe I should do that old trick where I mention was I was about to say as if that wasn’t actually saying it.
/ponders
#9
Newbie101
29/10/08, 12:38 pm
Sony’s games div. was up by 10% BTW.
#10
G1GAHURTZ
29/10/08, 1:47 pm
“Sony’s games div. was up by 10% BTW.”
Is that 10% up from the $2bn loss it made last year??
#11
Newbie101
29/10/08, 2:09 pm
It’s 10% more profit than it made last year.
No idea about the loss….