Feeds

PS2 glitches may pummel Sony profits

22 per cent drop is figure being touted

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Sony looks set to blame poor results at the end of last year on production problems with the PlayStation 2.

According to a survey of analysts by Bloomberg, Sony is expected to have been hit by a 22 per cent reduction in net income in the last quarter of 2000, compared to the same period the year before.

This means profit of ¥72.8 billion ($623 million) down from ¥93.6 billion. Across all its product lines sales are expected to have risen 8.8 per cent to ¥2.1 trillion ($17.97 billion).

The stock-quoting news service quizzed a number of analysts about what the future might hold for Sony.

Kazuharu Mirura, an analyst at Daiwa institute of research said that Sony was likely to miss its annual production targets. "Sony's game operations were not in good shape in the third quarter," he said.

The productions problems have been well documented, but Sony says it has the problem licked, and is confident it will meet its target of ten million PS2s shipped by the end of March. It plans to ramp up its output to two million consoles per month for the next three months.

As well as having sold fewer units, Sony also spent more cash getting the PS2s to the shops - often shipping by plane, rather than by sea. The extra costs from this have been estimated at ¥1500 per console, according to Merrill Lynch analyst Hitoshi Kuriyama. ®

Related Link

Find Bloomberg's whole opinion round up here.

Related Stories

Thousands of PS2s land in Essex
Sony to double PlayStation 2 output

Intelligent flash storage arrays

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.