Board 8 > Huh, Sony has lost money 4 years in a row now.

(+) Yeah! (+)

Stock down 9% today on news that they lost twice as much money in the past year as previously projected.

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Aren't they planning on laying off 100,000+ workers?

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with the amount of sony drama in the past year, I'm not surprised about that

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However, as of right now.......

Nintendo Market Cap: 1.52 Trillion Yen
Sony Market Cap: 1.51 Trillion Yen

Nintendo is back on top after a few months below Sony, and all is right with the world.

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TheRock1525 posted...
Aren't they planning on laying off 100,000+ workers?

10,000 jobs, not 100,000. It's part of the restructuring Sony is doing. Any extraneous or particularly unprofitable divisions within the company will likely be shut down.

Most of the losses they're reporting are non-cash losses related to tax credits.

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****ing taxes, man.

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Honestly, Sony's never been very good at making money. A lot of good products, but somehow it doesn't translate into profit. Nintendo, on the other hand, has been an A+ company at delivering profits for more than 2 decades now. It's the kind of company you can buy and hold forever, like Coca-Cola. Or at least Nintendo's been on that on the actual business- their investment strategy of "let's keep $10 billion in cash and do nothing with it ever" strategy is a bit questionable.

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Sony does a ton more research than Nintendo or Coca-Cola. A lot of their technologies fail, so they probably lose a lot of money that way, but they also hit home runs pretty often. There's a reason they have dominated the disc-media industry pretty much forever.

In better news, if there can be any when reporting such large losses, they do expect the next FY to be profitable. ¥180 billion yen, I believe. Kaz is giving an outline of Sony's new roadmap on Thursday, too. Guessing he'll talk about how Sony will merge its various businesses together with a focus on digital imaging, gaming, and mobile devices.

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"When I was a young man, I had liberty, but I did not see it. I had time, but I did not know it."

But they don't hit those home runs enough, or at least manage to profit from them enough. That's why Nintendo has been worth more than them since 2007 except for the past 3 or 4 months (and is ahead again tonight), despite being only slightly ahead of Sony in a single one of its industries, and having nothing else.

If you want to talk about companies that do the home run model well, look at Apple or Google.

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Sony's TV division is its biggest problem. They sell those at a loss, don't sell enough of them, and get undercut in price by other big companies like Samsung. TVs cost them billions each year, so to fix their problems they have to do something with that.

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Nintendo Market Cap: 1.52 Trillion Yen
Sony Market Cap: 1.51 Trillion Yen

Is that just their gaming division or their entire company? O_O

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Sony? The entire company.

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"When I was a young man, I had liberty, but I did not see it. I had time, but I did not know it."

Wait, seriously? Nintendo has a bigger market cap than all of Sony?

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The entire company.

It's actually possible that just the gaming division of Sony would be worth more than the entire company because the other divisions make losses. Also, Sony has quite a bit of debt, while Nintendo has 0 debt and the aforementioned $10B cash hoard ($15B when including non-cash assets, equal to 1.2 trillion yen).

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Yes. There used to be a much larger gap between them back when Nintendo was making a big profit on the Wii, but they've dropped a ton over the past couple of years.

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"When I was a young man, I had liberty, but I did not see it. I had time, but I did not know it."

Yup, Nintendo was briefly the #2 most valuable company in all of Japan back in 2007 (behind Toyota).

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From: red sox 777 | #017
Yup, Nintendo was briefly the #2 most valuable company in all of Japan back in 2007 (behind Toyota).

I remember that. Impressive moment.

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yeah, tv division bleeds out of sony like very little else does. their phone business is still a mess and there's clearly a lot of red tape within the company at getting things done resulting in too long periods of time to pass by. sony prefers to work at a speed half the pace of current development, which leaves them screwed on tablets and phones. even their latest and greatest fields stuff that really shouldn't exist anymore for 1-2 years now. movies and games should be their focus, and if they do electronics on a bigger scale then they need to realize that they aren't the premium level anymore, but just another guy in the pool.

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The gaming division is one of their most profitable divisions

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From: red sox 777 | #017
Yup, Nintendo was briefly the #2 most valuable company in all of Japan back in 2007 (behind Toyota).

Hiroshi Yamauchi was the richest man in Japan at one point too IIRC

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Isn't he still in the top ten or something?

Probably not now. Nintendo stock has lost 86% of its value since the peak.

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Congratulations to SuperNiceDog, Guru Winner, who was smart enough to pick
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