Thursday, January 22, 2009

Oh dear

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 (2313 views)
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2 thoughts on “Oh dear

  • japanese uncle says:

    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.

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  • mark wadsworth says:

    They might be working in JPY, so they’re dealing in trillions.

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