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Playstation/Gaming Discussions => PS3 Discussion => Topic started by: Kenny--73 on April 27, 2001, 04:58:02 PM

Title: Sony\'s doing great.
Post by: Kenny--73 on April 27, 2001, 04:58:02 PM: "Sony is back in the black thanks to the PlayStation 2.

An Associated Press article has reported that Sony posted profits of $127 million thanks to increasing sales of its PlayStation 2 and electronics products. Sony posted losses of $295 million for the same quarter last year due to the costs incurred while launching the PlayStation 2. Sony expects its profits to continue to rise as more PlayStation 2 units enter the retail chain and software sales rise."

"While the US economy has slowed down significantly, Sony has seen no drop in demand for its products. Electronic sales were up 21 percent for the year. Sony has now sold 10.6 million PlayStation 2 consoles worldwide and 2.7 million PlayStation 2 consoles in the US. Sony predicts that it will generate $1.2 billion in profits by March of 2002."

"Sony has attributed the decline to the learning curve associated with game developers coming to grips with the sophisticated architecture of the PlayStation 2. Sales for the first quarter of 2001 totaled $15 billion, an increase of 16.5 percent over the $14 billion in sales from the first quarter of 2000."

I didn\'t expect Sony to begin bringing in a profit this quickly. http://gamespot.com/gamespot/storie...2713443,00.html :cool:
Title: Sony\'s doing great.
Post by: ddaryl on April 27, 2001, 04:59:29 PM: definetly good news for my 100 Shares of Sony stock
Title: Sony\'s doing great.
Post by: jp6666 on April 27, 2001, 05:06:00 PM: lol ya great ! i knew i should have put shares in sony just before the ps2 launch :)
Title: Sony\'s doing great.
Post by: ddaryl on April 27, 2001, 05:16:09 PM: Quote
Originally posted by jp6666
lol ya great ! i knew i should have put shares in sony just before the ps2 launch :)

Dude no your not, you should buy now

I bought actually 46 shares on Oct 12 @$109 a share

Sony announced it inability to hit the 1 million launch target and shares $$$ sropeed. Then all tech stocks and the market took a beating

Today my Sony shares are worth $76

I\'m still down $33 a share

Luckily I didn\'t plan on touching any of this money for a long time so more then likely I will fully rebound and then some
Title: Sony\'s doing great.
Post by: jp6666 on April 27, 2001, 05:28:46 PM: damn man ! thats alot of money lost :(
Title: Sony\'s doing great.
Post by: pstwo on April 27, 2001, 05:43:50 PM: I just seen on another forum a person said this, "and the magazine also predicts the PS5 will make Sony the richest Corporation on the planet (in the year 2035)."
I think you should hold on your stocks! You\'ll be a rich man. :D
Title: Sony\'s doing great.
Post by: ajoh432 on April 27, 2001, 08:52:04 PM: sony\'s doing really great by the looks of this news...... :D Me happy too!
Title: Sony\'s doing great.
Post by: FatalXception on April 27, 2001, 09:46:12 PM: Heh heh, if I were the kind of person to play the market (rather than investing in funds), I probably would check out Sony\'s stock. Of course, you would probably want to do a little research first... heh heh.
Title: Sony\'s doing great.
Post by: RichG on April 28, 2001, 12:01:08 AM: Well Sony seems to be doing well, now they could prehaps treat the UK a bit better. :)
Title: Sony\'s doing great.
Post by: IronFist on April 28, 2001, 01:03:30 AM: Quote
Originally posted by jp6666
lol ya great ! i knew i should have put shares in sony just before the ps2 launch :)

I expected Sony\'s stock to sky rocket at the US PS2 launch, but like ddaryl said, the stocks plummeted. I\'m glad I didn\'t buy any Sony stock back then.