Ps3ProductionCosts
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Sony takes out first bank loan in 10 years
According to Bloomberg.com Sony has taken out a large (about 80 billion yen ... or $698 million) loan "to diversify funding". Why should we care? Let's think about all that money... that would be about enough to cover their double-taxation claim, a lost law suit (Immersion Technologies), and probably a bit of their pricey PS3 production costs. Should we be worried, though? Sony has given us all reason to hold our tongue with dicey promises and awkward statements. Taking out a loan to diversify funding, whether that means to pay off the accumulated debts that continue to pop up or to actually allocate funding to different corporate divisions, shouldn't really matter much in the end -- except for having to pay back the loan. Which means the PS3 needs to sell. Which is the gamble Sony is betting on. Which is dangerous. Otherwise, Sony doesn't really have a solid grip on any other market to fall back on and it may experience some heavier financial difficulties than expected.
