Sony Sales Still Sinking

October 30. 2009

This greasy old gangster (Howard Stringer)

Today, vile Sony announced another massive sales decline, this time they've posted their fourth straight quarterly loss of hundreds of millions of dollars. 

Everything that can go wrong with this company has and they are resorting to unsavory, inauthentic tactics to inflate and prop up their stock price that is sure to burn investors when the house of cards comes crashing down.

They've fired scores and scores of people, closed offices and factories, trimmed product lines and yet they are still hemorrhaging money. Good times.

That's what you get for being lazy losers that steal everything under the sun and see the way to financial prosperity as trying to murder off black musicians that have substantial copyrighted catalogs.

Stealing copyrights that were to benefit AIDS and Cancer patients are about as low as one can go in this life. God have mercy on your souls. This is one battle you are not going to win.

Sony: FY Q2 Sales Down 19.8%, Worse Than Expected; Trims Estimated Full Year Loss

* October 30, 2009, 2:28 AM ET - Sony (SNE) posted revenue for the fiscal second quarter ended September of $18.46 billion, down 19.8% in yen, and below the Street consensus at $19.17 billion...

The company saw declines of 36.5% in the consumer segment, 24.2% in networking, 19.6% in B2B and disc and 30.4% in Sony Pictures. But Sony Music revenues rose 147%, and financial services was up 101%.

For the March 2010 fiscal year, the company maintains its revenue forecast of 7.3 trillion yen, but the company reduced its estimated loss for the year to 95 billion yen, from 120 billion.

http://blogs.barrons.com

Sony posts 4th straight quarter loss

Fri Oct 30, 2009 2:28am EDT - TOKYO (Reuters) - Sony Corp (6758.T: Quote) posted a loss for the fourth consecutive quarter, hit by sluggish cellphone sales and as it cut prices of its PlayStation 3 game gear, but trimmed its full year loss forecast close to market expectations.

Sony's mobile phone joint venture with Sweden's Ericsson (ERICb.ST: Quote) saw its sales tumble and losses balloon as it has lacked a strong smartphone offering to rival Apple Inc's (AAPL.O: Quote) iPhone and Research in Motion's (RIM.TO: Quote) Blackberry...

Sony cut its operating loss forecast to 60 billion yen from 110 billion yen for the year to March, compared with a 227.78 billion yen loss a year earlier, and smaller than the consensus of a 68.8 billion yen loss in a poll of 21 analysts by Thomson Reuters I/B/E/S...

http://ca.reuters.com

More TV Problems For Sony As Bravia TV Sales Fall

By David Richards and Wire Services | Tuesday | 27/10/2009 - Despite free PS3 consoles, big discounts and a 3 year Bravia TV warranty in Australia, new research has revealed the extent of Sony's TV woes after with Display Search said that Sony's global market share in LCD TVs fell to 14.7 percent in April-June from 16.5 percent a year earlier.

In Comparison Samsung is set to finish the year with over 35% share of the global market...

http://www.smarthouse.com.au

Sony optic drives probed by anti-trust regulators

Sunday, 25 Oct 2009 08:45pm EDT - TOKYO (Reuters) - Sony Corp (6758.T) said on Monday its optic disc drive business is under investigation for possible antitrust violations, and its U.S. unit Sony Optiarc America has been told to provide information to a U.S. watchdog...

http://www.reuters.com