Sony loses $2.8bn in Consumer Products & Services

[charlesr]

$2.8bn is a lot of money. The mind boggles. Not much compared to their overall business, but it's still boggling.

http://www.sony.net/SonyInfo/IR/

Edit this afternoon (and topic title updated):

Unlike the kotaku attention grabbing headline (it succeeded in grabbing my attention....) which states it was Playstation that made the loss, it was actually the entire CP&S division which includes TVs etc etc.

"This was primarily due to a decrease in sales of LCD televisions, PCs, digital imaging products including digital cameras, and the game business."

Still, not looking good for the division if it's all bundled into one loss making arena. Would be good to the more detailed breakdown. Is the gaming area stopping the rest of the division making an even huger loss for example, or is the loss shared equally across all bits of CP&S.

[QualityChimp]

Have they looked down the side of the sofa?

Is it in the pocket of their other trousers?

[charlesr]

[J0e Musashi]

Is Playstion one of those Chinese clone firms?

[charlesr]

No, but surely there's an idea!

edit: someone already thought of it: http://www.playstion.com/

[Family Fry]

"The decrease in the game business reflects lower sales of PlayStation?3 hardware due to a strategic price reduction and lower sales of PlayStation?2 due to platform migration."

They being serious?

[koopatroopa90]

Poor old Sony, not a lot going right for them at the mo!

[charlesr]

Wasn't the Playstation bit supposed to be propping up the other divisions?

[englishbob]

Probably lost by SCE Europe, for being so bloody useless.

[koopatroopa90]

That was my understanding too. Maybe the PS4 will become the SamsungStation?

[Finsbury Girl]

The headline is misleading in relation to the playstation gaming business, the gaming segment is only part of CPS (24% going on revenues) and CPS includes the LCD business which has been bleeding money for years and they took a hit of almost $1 yard (billlion) in charges alone on the sale of the business and other charges relating to the restructure. The results also included the costs of the Sony Network debacle which were obviously significant. Important to note these are one offs. Sony have also been screwed by the extraordinarily strong yen (which in itself is mind boggling but off topic).

Looking at the revenue numbers, gaming was only down a tad under 7% for the year, not too bad all things considering.

BTW I have absolutely no affinity/association with Sony nor am I a "PS3 fan boy" (though I own one), just wanting to clarify a few things.

[charlesr]

How much of an issue is this? Should we be worried?

[Brad]

Let's not forget that Nintendo also lost money and they're the most successful Japanese game company in recent years. Tough times for all.

[arcnas]

It does worry me , i think the PS3 is a good machine, and i will play my vita with sticks above my i pad any day, so i really want the brand to continiue, its scary when you think they made a load of money from the ps one days in its boom , in the end maybe production costs have cost them to much per unit , i mean when apply sell an i pad for ?500 i wonder wont profit margin is in it for them.

[arcnas]

FSW nintendos loss is small and they have masses in reserve, i would bet the 3DS boom will see them in profit in a years time, you cant say the same im afraid with the vita however good it is.