Sony says it won't make any money in its current fiscal year

Sony revealed its latest financial numbers for its last fiscal year, and the results were not encouraging for the Japan-based company. Furthermore, Sony said that analysts should not expect that the business will generate a profit in its current fiscal year.

Sony's press release states that for the last fiscal year that ended on March 31, it had a net loss of a 128.4 billion yen ($1.25 billion). It predicted that for its current fiscal year it would be hit with a loss of 50 billion yen ($489.5 million). This is mainly due to Sony's restructuring plans that include its previous announcement that it will sell off its Vaio PC business. Sony will announce more details about how it will cut its businesses in a press announcement on May 22.

The news isn't all bad for Sony; it announced its smartphone business turned in a profit. Its most successful unit is the PlayStation division, which brought in 38.5 percent more revenue than it did in the previous fiscal year. Much of that boost can be attributed to sales of its PlayStation 4 console. In April, Sony said it sold seven million PS4 units worldwide since it launched on November 15th.

Source: Sony | Sony image via Shutterstock

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I see Sony spinning off Playstation into its own company at some point. They're on too much of a rocket right now to allow it to be brought down by the rest of the company.

Awww, Sony wasn't able to sell enough life insurance to keep their Electronics and Entertainment divisions from sinking them?

Sony falls flat or loses money and you barely hear a wisper of breaking parts off.... MS makes record profits and all you hear is Spin off the XBOX, spin off this spin off that....

That's because in this tech climate, MS can't win.. No matter what it does right they are always wrong or they will be wrong! just wait and see

Its pathetic and does nothing but make things difficult for the company

neufuse said,
Sony falls flat or loses money and you barely hear a wisper of breaking parts off.... MS makes record profits and all you hear is Spin off the XBOX, spin off this spin off that....

Sony is in a dire situation and MS is in his best shape. However, Playstation 4 is beating to death Xbox One. Conclusion : The xbox's team is screwing it big time or the guys from Playstation are genius. Pick your poison.

Brony said,

Sony is in a dire situation and MS is in his best shape. However, Playstation 4 is beating to death Xbox One. Conclusion : The xbox's team is screwing it big time or the guys from Playstation are genius. Pick your poison.


The teams behind it have a different vision, I think that matters a lot as well.

Master of Earth said,
The vaio PC is one of the coolest product at that time of vista era and sad to see it didn't make it through windows 9 era.

yeah definitely. Sad to see it end up like this.

Not surprised, they've been in a downward spiral for a decade. I'm sure that 0.5 Billion $ projected loss will grow even bigger over the coming year, like it has done over the past years. They don't know how to take drastic enough measures to turn it all around it seems.

Quality and quality control on the vast majority of Sony electronics have been in steep decline for decades. Sony used to make very good TV and audio components. They mostly seems like junk now.

Cyborg_X said,
Quality and quality control on the vast majority of Sony electronics have been in steep decline for decades. Sony used to make very good TV and audio components. They mostly seems like junk now.

Sony no longer makes their own TVs btw. The panels come from Samsung and Sharp (depending on the TV you have), and all Sony does is slap some plastic onto the edges and load their own firmware.

-Razorfold said,

Sony no longer makes their own TVs btw. The panels come from Samsung and Sharp (depending on the TV you have), and all Sony does is slap some plastic onto the edges and load their own firmware.

Excuse me, but no. Sony uses AUO panels for most TV's. And they're pretty high quality, the ones from 2013 and 2014 have been rated as top-notch in their price segments.

And they have their own tech added to it. xReality PRO is a brilliant resolution enhancer and MotionFlow is the best motion interpolation algorithm you can find in a TV. Whether you value those or not is your own decision. I don't use MotionFlow but xReality PRO really provides a noticeably better image (and I'm very critical when it comes to those things).

Ambroos said,

Excuse me, but no. Sony uses AUO panels for most TV's. And they're pretty high quality, the ones from 2013 and 2014 have been rated as top-notch in their price segments.

And they have their own tech added to it. xReality PRO is a brilliant resolution enhancer and MotionFlow is the best motion interpolation algorithm you can find in a TV. Whether you value those or not is your own decision. I don't use MotionFlow but xReality PRO really provides a noticeably better image (and I'm very critical when it comes to those things).


Um no. Sony uses Sharp and Samsung, go google it and check. But AUO does also manufacturer some panels for Samsung so that might get screwy. But my point still stands, Sony no longer makes their own panels. And as for their "software enhancements", please (oh and btw I did clearly say they used their own firmware on it).

Sony TVs are no longer better than their competition and Samsung consistently outperforms them in pretty much every segment. There was a time when many people would consider Sony to be the best when it came to consumer audio / visual equipment. That time is long gone.

So what exactly is incorrect about my post? Does Sony make their own panels? No they do not. Do they just add some plastic and load their own firmware? Yes they do.

-Razorfold said,

So what exactly is incorrect about my post? Does Sony make their own panels? No they do not. Do they just add some plastic and load their own firmware? Yes they do.

The Sharp panels they use come from a joint venture with Sharp, the Samsung panels they use come from a former joint venture with Samsung that they got out of in 2012. It's not far fetched to say they helped design the panels they use.

And I think there is a little bit more to making a tv than taking a panel and adding plastic and firmware.

-Razorfold said,

Um no. Sony uses Sharp and Samsung, go google it and check. But AUO does also manufacturer some panels for Samsung so that might get screwy. But my point still stands, Sony no longer makes their own panels. And as for their "software enhancements", please (oh and btw I did clearly say they used their own firmware on it).

Um no. Go Google it and check. Recently they've been using a lot of AUO VA panels.
Example:
http://www.digitalversus.com/t...-x9-kd-55x9005a-n30385.html