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Sony's final 2011 report shows a record net loss, optimism for 2012
After a slew of bad news and drastically restated projections, Sony has reported the numbers for its full 2011 financial year and as expected, they're not good. The company experienced a record net loss of 456.7 billion yen ($5.73 billion) and an operating loss of 67.3 billion yen. The good news to look forward to however, is that it currently expects an operating profit of 180 billion yen for next year. For the year, it also noted sales of 13.9 million units for the PlayStation 3, 6.8 million PSPs/PS Vitas, 19.6 million LCD TVs and 21 million cameras. Next year, Sony is looking to move 16 million PS3s and 33 million smartphones. New CEO Kaz Hirai has detailed the "One Sony" strategy he hopes will bring the company back to financial health but with its current worth standing at just a fraction of competitors like Samsung and Apple (Reuters pegs it at 10 percent and 3 percent, respectively), the electronics giant has a long, long way to go. Hit the source link below for more dirty financial details, slideshows and spreadsheets.
Nintendo aims to flog 18 million 3DS, up to 10.5 million home consoles this fiscal year
All eyes are on Nintendo, now that it has revealed losses of $460 million. Buried in all of the financial paperwork were the revelations that it sells the 3DS at a loss, its plans for digital distribution and its projected sales figures for this year. It aims to flog 18.5 million 3DS handhelds and 10.5 million Wii consoles by March 31st 2013. But wait, what about the Wii U? That figure actually encompasses both old and new hardware, so it is either hoping for a sharp fall in Wii sales or a tough opening for the new baby. It's a bold pair of figures that relies upon how well New Super Mario Bros 2, Animal Crossing and the new hardware capture the public's imagination in a time when people are tightening their belts (especially if they've been using Wii Fit).
NEC will cut 10,000 jobs after forecasting $1.3 billion annual loss, mostly in mobile phone biz
After releasing a revised financial forecast for FY 2011 that predicts an annual $1.3 billion loss, its third in the last four years, NEC announced it will cut around 10,000 jobs. Bloomberg Businessweek reports President Nobuhiro Endo announced the cuts, revealing most of the cuts will come from the company's mobile-phone handset business, with 7,000 of them expected to be in Japan. The company reportedly had 115,840 employees as of March so there should be a few folks left around to keep the lights on and maintain ventures like its new JV with NTT Docomo, Panasonic, Samsung and Fujitsu, the NEC Lenovo PC alliance, and its recently announced work on the Hayabusa 2 asteroid explorer. Still, we'll have to wait and see how the cuts affect upcoming cellphones, like any potential successors to its super-slim MEDIAS N-04C seen above.
Sony estimates $3.2b loss this year, $171 million cost for PSN breach
It has not been a good year for Sony, which was affected both by the massive earthquake in March and the PSN outage that spanned from April into May. There couldn't be any doubt that those things would have a drastic impact on the company's bottom-line, and it's now taking the time to give investors an idea of just how big an impact that could be -- even though the financial issues lie largely elsewhere. Sony is set to announce its full financial report for its fiscal year this Thursday and, to soften the blow, estimates have been revised steeply downward. Previously Sony predicted a ¥70 billion ($855 million) profit, but now thinks a ¥260 billion ($3.14 billion) loss is rather more accurate -- a ¥360 billion non-cash charge taking the wind out of ¥200 billion in operating income. The earthquake was directly blamed for a loss of ¥22 billion, but that figure could certainly grow as this estimate is only through the end of March. Additionally, Sony has provided a early guess of a ¥14 billion (about $172 million) total cost for the PSN breach. That's less than two bucks per exposed account, but again we wouldn't be surprised if it's a figure that increases through the year. You know, once the lawyers start having their fun.
Nintendo sells 3.61 million 3DS handhelds, but sees 2010 net profit decline by 66 percent
It's a "good news, bad news" kind of a day in Super Mario land, as Nintendo's announcement of a Wii successor has been followed up with the delivery of the company's financial results for fiscal year 2010, which don't make for happy reading. Nintendo's net sales of $12.4 billion for the period ending on March 31st 2011 was 29 percent less than it tallied during the previous year, while its $825 million of net profit was also a staggering 66 percent lower than it earned last year. The 3DS has sold well so far, reaching 3.61 million transactions worldwide, but the Wii is down to 15 million global sales, which marks a 25 percent contraction from its FY2009 total of 20 million. So the impetus for a hardware refresh of the Wii is clearly there, now it's just a matter of waiting for E3 to find out exactly how Nintendo plans to go about it.
Nintendo rolling in money as Wii nears 25 million units
Nintendo hasn't just been sitting prettily on its laurels these past twelve months. Nope, the Kyoto firm has kept itself occupied by generating giant wads of filthy lucre, in readiness for when it takes over the world with Satoru Iwata as our new supreme overlord, and Shiggy his ruthless, iron-fisted deputy. Or something.The company has released details of its full year results for the period ended March 31st, 2008, and guess what? Nintendo is rich. Profits shot up by 47.7 percent, while sales rose by 73 percent (to ¥1.67 trillion, or $16.1bn).Not only that, but the Wii sold 18.61 million consoles in the last fiscal year, bringing it to a lifetime total of 24.45 million units (and, as we're now in late-April, we can safely presume that that figure has passed the landmark total of 25 million). On the software front, the console now has 26 million-sellers (up from five last year), 1.8m Japanese consumers risked their hamstrings by picking up Wii Fit, and Brawl sold 4.85 million units in the U.S. and Japan (and might even sell a few more when it launches in Europe this June).
2007 worldwide financial results: Nintendo still rich
Nintendo has announced their financial results for the full fiscal year 2007, and it's good news all around for people who make money from sales of Nintendo products. Total sales rose a remarkable 73%, up to 1.67 trillion yen ($16.1 billion). Profits are up 47.7 percent from last year, up to 257.3 billion yen ($2.5 billion)Sales were up by 73.0 percent over the last twelve months to a total of ¥1.67 trillion ($16.1bn), and profits up 47.7 percent to ¥257.3 billion ($2.5bn). On the DS front, the little handheld sold another 30.31 million units, giving it a ridiculous total worldwide sales count of 70.6 million. Big sellers in software include both Pokemans (9.56 million in FY 2007, total 14.77 million) and, of course, the Brain Ages (11.81 million, total 23.81 million). There are now 57 million-selling games (and non-games) on the DS.Nintendo has predicted only a 7.8 percent increase in sales for the new fiscal year, to 1.8 trillion yen. They cite the falling dollar, but really, they should be conservative in their estimate because how much more could Nintendo's sales go up?
Xbox 360 still bumming cash from Microsoft
Further cementing its image as Microsoft's loser brother who just needs a few bucks until "the band really takes off," the Entertainment and Devices Division of the company lost $315 million in the third fiscal quarter. Meanwhile, Microsoft's overall earnings rocketed up to $14.4 billion, a 32 percent jump from last year, thanks to the release of Vista.Revenue for the EDD (Zune, Xbox 360, PC gaming, etc.) also took a hit, dropping from $1.2 billion this same time last year to $929 million, a 22 percent change. Microsoft blames the loss on lower Xbox 360 sales, which seems pretty logical, seeing as the console has some new competition this year. They estimate shipments of 500,000 consoles this quarter, compared with 1.7 million in Q3 2006. Revenue in games also dropped on the PC and 360 by 44 percent, or around $393 million. On the plus side, EDD losses were an improvement from $402 million last year, which is sort of like earning $87 million! Or at least that's what EDD tells Mrs. Microsoft as she stands in the living room just out of the children's sight, nervously watching her husband peel off $20s. "I just need something to get me through the weekend. I'm seeing a new girl and I just want to show her a good time," EDD says, the faintest hint of whiskey on his breath. "I swear, Angela, I'm going to be profitable in fiscal '08, you'll see, you'll all see!"Read -- Microsoft Reports Record Profits (press release)Read -- Q3 Revenue at Xbox Division Falls on Slow 360 Sales (GameDaily BIZ)
Sun rises in the east, and the DS rakes in the money
Nintendo posted the final numbers for fiscal year 2006, and as expected, between the DS and the Wii, Nintendo's raking in piles of money that would make Scrooge McDuck's eyes pop. Is it the Wii? Alas, no; while Nintendo's latest has certainly been a powerhouse, the big N tells it like it is: 2006's major profits are due in large part to the DS. Last year, Nintendo sold more than 23 million DS units, raising the handheld's lifetime sales to over 40 million. Nintendo predicts similar numbers for the 2007 fiscal year, and triple the number of Wiis sold from release through March 31, 2006, for a total of 15 million units. That means that by this time next year, Nintendo's 226 billion yen profit will seem like small potatoes.It's good to be Nintendo right now.
