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Thread: Sony warns of £225 million predicted profits fall

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    Sony warns of £225 million predicted profits fall

    Sony is today warning of a 38 per cent reduction in its forecast profits for the year ending March 31, 2007.

    This is mainly as a result of having to recall millions of laptop batteries that might cause fires and of lower-than-expected income from PlayStation 3 and PlayStation Portable.

    Net income for the year is now expected to be 80 billion yen (£361 million/US$676 million), compared to the 130 billion yen (£586 million/US$1.1 billion) forecast on July 27.

    This fall is greater than many analysts have been suggesting but the revision, in our view, may still turn out to be overly optimistic.
    More in this HEXUS.lifestyle.headline.

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    well if they will make batterys that explode what do they expect....

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    aye that and lack of ps3 for Europe for christmas. Me heart bleeds for them

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    awm
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    It almost makes you think there is a God doling out justice to companies who sell (or don't as in the case of the PS3 in Europe) sub-standard, non-standard, proprietary junk.

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    Perhaps God is taking a view on Rootkit infested CDs as well

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    I absolutely am not a Sony fanboy but what none of us should forget is that there are some great Sony products out there.

    What we're seeing with all this stuff (DRM, batteries, PS3, Blu-ray Disc), though, are repeated failures in management direction from a company with a large number of different divisions that, in some ways, could be regarded as having slipped out of control.

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    Just seems that Sony have kinda lost the plot recently...
    Old puter - still good enuff till I save some pennies!

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    well all i can say is duff luck

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    I'm guessing a big chunk of that is PS3 development. Oh well i doubt sony will even blink at £225million. few percent off the share price maybe.

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    Yeah, i wish i owed a company which was in the position to have a £225 million fall in profits Lucky gits

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