Word: sne
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...news for Sony (SNE), which just posted a $1 billion loss for its last fiscal year and projected another one for this year, was especially bad. Sales of the PS3 were down 42% from March to only 127,000 units. If Sony needs PS3 sales to help revive its earnings fortunes, it is in real trouble...
...portable multimedia player business. The Xbox has only started to make money recently and the margins are small. It was first introduced in 2001 and Microsoft has invested hundreds of millions of dollars in development and marketing, money that it may never earn back. It looked at Sony's (SNE) success with the PlayStation and believed it could take away some of that business. Once it started to make some progress Nintento came into the market with its Wii. The global console business cannot support three highly profitable competitors. (See pictures of the history of video game consoles...
Panasonic will lose $4.2 billion for its fiscal which ends in March. The company says its troubles will cause it to fire 15,000 people. This is the latest in a string of lay-offs by big Japanese companies including Sony (SNE...
...Industry analysts would say that Dell has done a poor jobs of bringing out innovative and attractive products. Apple (AAPL) Mac sales keep rising. HP (HPQ), Sony (SNE), and Lenovo have launched new product lines which have had warm receptions. (See pictures of the iPhone...
...Serbian pop charts is an unlikely place for a Norwegian journalist. But Åsne Seierstad's brief incarnation as a Balkan songstress, with her 2001 hit Laganese, is just one indication of the lengths to which she'll go for a story. While researching her book on Serbian society, With Their Backs to the World (2000), she paid a visit to singer Rambo Amadeus, whose musical style she describes as "acid-horror-funk." Amadeus balked at being included in the book - he just didn't give interviews. But a Norwegian folk song he heard her singing caught his ear. "Sing...