Whoops Apocalypse

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 […]

Whoops Apocalypse headlines

  • Sony loses $3.31 billion on PS3 in two years

    According to full year results, Sony has lost a total of $3.31 billion on PlayStation 3 in the past two years. The cash – made up of $2.16 billion in 2007 and $1.16 billion in 2008 – was binned as a result of pricing the machine lower than its production cost, the company said. In […]