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MMO Money Magazine

Writings on the business of fun: Virtual Worlds and Real Money Makes Online Gaming a Big Business. My economic view on the world of online games - without the hype.

Author: Inktomi

mM$ Morning Note:Sony has a Bad Day.

Posted by Inktomi Thursday May 14 2009 at 8:27AM
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I want apologize for just the cut/paste job this morning, but I wanted to print something before I ran off to school and sony's earning's were just to big of a story to wait on.

But here's the dilly: Sony posts their first billion dollar loss that they've had in years and nude pictures of the new PS3 model was leaking onto the internet.

Fujio Ando, senior managing director at Chibagin Asset Management comments in an interview with Reuters news, "I see Sony's branding power weakening." That sets the tone for the days articles on Sony (SNE) but the stock is acting positively amidst all the drama. 

  During the preceding twelve months the company's revenue dropped by 12.9 per cent to JPY 7.73 trillion (USD 81.0 billion), with the company blaming "factors including the slowdown of the global economy, the appreciation of the yen and the decline in the Japanese stock market." - Elliot (

A Sony spokesman told Reuters group that  the number of workers affected by the decision was included in the 16,000 job cuts and Sony aims to boost sales of its PlayStation 3 game console by nearly 30 percent to 13 million units. (Reuters)

Which brings me to my next story, seems that not only did they have to claim a During the fiscal year, Sony said it sold 10.06 million PS3s, a 10 percent year-on-year increase from 9.12 million. PSP was up 2 percent to 14.11 million, while PS2 declined 42 percent to 7.91 million. (Gamasutra); that there was a leak from a chinese factory and pictures of the new PS3 slim are in circulation.

Aww, isnt it cute? Someone is going to lose there job over this, Just add him in to the 16,000 other people. Full story from on PS3 leak.