Thursday, Jan 22, 2009
Oh dear
FT: Sony mega revision
Good job Sony doesn’t major in calculators. On Thursday the Japanese electronics and entertainment conglomerate said its annual operating profit forecast – made just three months ago – was out by a whopping $5bn. The new forecast is for an operating loss of nearly $3bn in the year to March. This implies a $3.6bn loss in the fourth quarter, suggesting the company is bleeding about $40m a day.
Perhaps they simply got the decimal point in the wrong place. Easily done when you are dealing with millions, billions and trillions! Just as the BBC who regularly make this mistake, reporting billions as millions.
Posted by who stole my pension? @ 12:44 PM (392 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. japanese uncle said...
In a few years time, Sony will be a thing of the past, as people stop taking their products with Sony Timer seriously. Getting rid of its Mr. Stringer, current chairman, devouring multi-million pounds salary+bonus should be the first step towards recovery.
2. mark wadsworth said...
They might be working in JPY, so they're dealing in trillions.