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Sony Corporation Message Board

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  • FAFAFLUNKY99 FAFAFLUNKY99 Apr 29, 2000 4:55 PM Flag

    profit

    Everything has to do with something....if not for
    WW2, Sony wouldn't exist.....they may not have been
    born, the Morita guy certainly was....didn't he start
    the company?...man how soon things are forgotten..no
    wonder politicians get relected! He started the company
    to fill a need after the war.....he was given the
    oportunity by everything that happened...since everything
    was wiped out, he could just start anything, and it
    would have been needed...he wan't any great mind that's
    for sure...a vegetable stand would have prospered! A
    well full of water in a desert is the most important
    thing at the time it's needed...yet it ain't no great
    idea, it's just there....Philips was started to fill a
    need, but it wasn't cus of desperation, it was because
    of the business sense of the family..Anton and
    Gerard Philips...and the father Fredereick...there was a
    new product on the line..caleed the electric lamp!
    They took the chance to sell it and make em', to all
    the people who already was convinced the oil lamp was
    just fine...there was no desperation and needs to fill
    like after WW2 in Japan....the Philips dudes were
    smart business men...they were not just profiting from
    the desperation of the people who were wiped out...

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    • JAPANESE giant Sony today revealed that its
      profits have taken a battering from the strength of the
      yen and the costs of launching its new make-or-break
      PlayStation2 game console.

      The slump in the 1999/2000
      figures, for a second year in a row, came despite a strong
      performance in the electronics sector in the latter half of
      the year.

      And the company said it expected
      the profits picture to be little changed in its new
      business year which just started on April 1, although it
      forecast that operating profit would rise modestly.


      Sony posted a pre-tax profit GBP 725 million for the
      12 months, compared with just over GBP 1 billion for
      the previous period, a drop of 32 per cent.


      The yen's strength in the 1999/2000 period eroded the
      yen-based value of Sony's overseas revenues, which account
      for two-thirds of its total sales.

      The
      company said that, without an appreciation of the yen, it
      would have scored to a 39 per cent rise in 1999/00
      group operating profit instead of a drop.

      The
      costs of launching its next-generation PlayStation2
      game console, as well as weak sales of the previous
      version, also sapped the company's earnings.

      Group
      operating profits from PlayStation game consoles and
      software, Sony group's biggest profit earner last year,
      fell 43.3 per cent, reflecting the massive costs of
      launching and promoting the new version.

      Analysts
      expect PlayStation2 to continue to be a drag on Sony's
      profits for the current business year, although they
      remain upbeat about the medium-term outlook of the
      cutting-edge, high-tech game console.

      "Sony's long-term
      aim is to make money from software, and its profit
      target for the hardware is to break even," said Masahiro
      Ono, analyst at Warburg Dillon Reed.

 
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