Sony Expects $3 Billion Annual Loss

[JMcEntegart]

Sony today warned that it could post an annual operating loss of nearly $3 billion. The company blames the loss on the increasingly weak global economy and announced that it would be going ahead with restructuring and lay offs.

Sony Expects $3 Billion Annual Loss : Read more

 

[trevorvdw]

Such is the price of arrogance and mediocre products.

 

[TheViper]

That's what happens when you make such narrow margin products. You can't be a global conglomerate and sustain yourself for long on 1% margins. 1 recession is all it takes. 1 exchange rate swap is all it takes.

Sony just got hit with both. Toss in serious competition from all angles and you have the makings of a downfall.

 

[sacre]

See, the only sad thing I see about this is that 8000 men and women will be going home jobless... Imagine what they're going through. The company will still pull in millions and millions, i could care less about them.

Man, All these companies laying off people.. then they tell us to spend more to save the economy.. I see failed logic in there.

 

[Antilogic81]

Sacre...it's not failed logic at all...I would explain but I think I'll just say jfgi.

 

[zodiacfml]

it's not as simple as that,
though, it is those who have deep pockets that should spend more. they're too afraid bring out their own money.

[citation][nom]sacre[/nom] All these companies laying off people.. then they tell us to spend more to save the economy.. I see failed logic in there.[/citation]

 

[sacre]

[citation][nom]Antilogic81[/nom]Sacre...it's not failed logic at all...I would explain but I think I'll just say jfgi.[/citation]

So, because of the economy messing up, we have more people working lower end jobs. Prices are higher when it comes to homes, Jobs are becomming scarce, and then they say "spend more money". what about the lower class people? The people that can barely get by, its a bit of a slap in the face for them. I'm sorry, but when the Government says "spend more money" it just seems like a cheap alternate to a real solution. We can't spend more money because we're losing homes, we're losing jobs, we've got bills to pay. but if we don't spend more then more people will lose jobs.. hmm.

 

[martel80]

I'm sorry, but when the Government says "spend more money" it just seems like a cheap alternate to a real solution.

Why don't you propose some solution then? Criticizing is so easy.

I'm no economist but what about the government spending uncovered money? This would rise the inflation and motivate people to withdraw their savings and buy something.
(just joking, this is not really a good idea)