Quote

Sony has announced a drastic revision to its fiscal forecast for the year ending March 31, 2015. The company now projects a ¥230 billion ($2.15 billion) loss. In July, Sony expected only a ¥50 billion ($466.8 million) shortfall.

Sony cites a one-time “impairment charge” of ¥180 billion ($1.68 billion) related to its mobile communications division. Sony says the fair market value of this business has decreased.

The company also says it has revised its expectations for growth in the mid-range phone market. The new strategy will focus on specific geographies and premium handsets, with a reduction of model offerings in the mid-range.

[Source: Sony]

Our Take
This kind of financial hardship puts pressure on all divisions of the company’s operation, even those that are successful right now. Despite Sony touting 10 million PlayStation 4 consoles sold and the gaming division running in the black, this kind of change to shortfall projections could impact wholly owned studios as costs are cut from everywhere possible.

Quote (timmayX @ Sep 17 2014 03:58pm)

Quote (dragoneth @ Sep 17 2014 05:11pm)

same shit when ps3 was out and losing them $$ now the ps4 is making them money doubt this really  effects anything
eventually they gotta cut the mobile phones if it aint makin  them anything lol

Quote (dragoneth @ Oct 4 2014 11:09am)

well thats lovely ... held ps button turn off ps4 and it went to a black screen with a white loading circle  beeped n  was pretty fucked u pi had to unplug it to turn it off
and then id turn it on with the pwoer button the light would glow then go off and it  did nothing... did that 3x then finally the 4th it  actually legit started but it took its time and did some scan
looks like its good to go but that was kinda scary... and wow it got pretty warm lol  didnt realize it got that hot

Quote (ROM @ Oct 4 2014 02:29pm)

Next time just hold the power button till it turns off.