AT&T Tech Support 360Sony posts loss, but has rosy outlook for electronics division
Weighed down by its financial unit, Sony posted a $45 million loss for its fourth quarter earnings Wednesday.
Analysts were expecting an average estimated profit of $260 million for the quarter.
Revenue for Sony's video game unit, which competes head-to-head with Microsoft's Xbox 360 and the Nintendo Wii, grew by 26 percent in the past year based on better sales of the PlayStation 3 console.
Still, the bright point of the company's quarterly report was its electronics business. Revenue was up 9 percent due to increased sales of its digital cameras, video cameras, and notebook PCs.
The TV unit struggled though, and in April the company announced it was replacing its top TV exec. But Sony has higher hopes for this year. It said it plans to sell 17 million flat panel TVs in the next year, an ambitious goal. To do so, it will continue selling entry-level models, a practice it began last summer at Target and Wal-Mart.
Erica Ogg is a CNET News reporter who writes about consumer electronics and PCs, mostly as chief correspondent for Crave. She's also one of the hosts of CNET News' Daily Podcast. In her non-work life, she's a history geek, a loyal Dodgers fan, and a mac-and-cheese connoisseur. E-mail Erica.
The only reason to by a PS3 is if you want a Blu Ray player - and that is already a dead format. Downloads and memory cards will be the format of choice before Blu ray ever makes mass market.
Sony now have a clearly inferior product with a crippled GPU that simply cant compete with the Xbox 360 in terms of graphics power.
The only reason to by a PSŁ is if you want a Blu Ray player - and that is a dying format.
Sony now have a clearly inferior product with a crippled GPU that simply cant compete with the Xbox 360 in terms of graphics power. And it costs you more.
The only reason to by a PSŁ is if you want a Blu Ray player - and that is a dying format.
oh and BTW not one word of your post is true.
The XBox Division has never made a profit.
The XBox is so grossly under poorly designed that it keeps over heating.
In every market except the U.S. the Xbox is third.. and the the Playstation 3 is second.
The entire Playstation Division (currently the Playstation 2, PSP and Playstation 3) have out sold every XBox and XBox 360 ever made.
As far as Blu-ray Disc being dead... let me guess you got porked by Microsoft on a HD DVD peripheral for your XBox 360.