Sony’s final 2011 report shows a record net loss, optimism for 2012

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After a slew of bad news and drastically restated projections, Sony has reported the numbers for its full 2011 financial year and as expected, they're not good. The company experienced a record net loss of 456.7 billion yen ($5.73 billion) and an operating loss of 67.3 billion yen. The good news to look forward to however, is that it currently expects an operating profit of 180 billion yen for next year. For the year, it also noted sales of 13.9 million units for the PlayStation 3, 6.8 million PSPs/PS Vitas, 19.6 million LCD TVs and 21 million cameras. Next year, Sony is looking to move 16 million PS3s and 33 million smartphones. New CEO Kaz Hirai has detailed the "One Sony" strategy he hopes will bring the company back to financial health but with its current worth standing at just a fraction of competitors like Samsung and Apple (Reuters pegs it at 10 percent and 3 percent, respectively), the electronics giant has a long, long way to go. Hit the source link below for more dirty financial details, slideshows and spreadsheets.

Sony's final 2011 report shows a record net loss, optimism for 2012 originally appeared on Engadget on Thu, 10 May 2012 03:02:00 EDT. Please see our terms for use of feeds.

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Nintendo aims to flog 18 million 3DS, up to 10.5 million home consoles this fiscal year

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All eyes are on Nintendo, now that it has revealed losses of $460 million. Buried in all of the financial paperwork were the revelations that it sells the 3DS at a loss, its plans for digital distribution and its projected sales figures for this year. It aims to flog 18.5 million 3DS handhelds and 10.5 million Wii consoles by March 31st 2013. But wait, what about the Wii U? That figure actually encompasses both old and new hardware, so it is either hoping for a sharp fall in Wii sales or a tough opening for the new baby. It's a bold pair of figures that relies upon how well New Super Mario Bros 2, Animal Crossing and the new hardware capture the public's imagination in a time when people are tightening their belts (especially if they've been using Wii Fit).

Continue reading Nintendo aims to flog 18 million 3DS, up to 10.5 million home consoles this fiscal year

Nintendo aims to flog 18 million 3DS, up to 10.5 million home consoles this fiscal year originally appeared on Engadget on Fri, 27 Apr 2012 11:29:00 EDT. Please see our terms for use of feeds.

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