Quote:
Originally Posted by McG
Didn't see this posted;
http://www.nytimes.com/2014/01/28/bu...=business&_r=0
Moody’s said Monday that it had downgraded its credit rating on Sony to junk status, citing the deepening woes of the company’s consumer electronics business.
Sony could refocus on profitable divisions and reinvest in the playstation brand, they could sell off the playstation brand (extremely unlikely imo), or they could suck the cash out of the playstation brand to help turnaround other parts of the business.
i think that this gives sony added incentive to be successful with the ps brand; m$ should beware the wounded and angry animal! |
Quote:
Moody’s said it expected “the majority” of Sony’s consumer electronics business to “continue to face significant downward earnings pressure.”
“The primary reason is intense competition and the shrinkage in demand, the result in turn of cannibalization caused by the rapid penetration of smartphones,” the agency said.
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Not sure how they will be able to climb out of their funk. I don't see them making any gains in the TV or cell phone market and if anything it appears things are going to get worse. The end is coming.