Toshiba's net profit plunges
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Did you do any researh on Sony's profit or lack there of and post it??? I didn't thinks so.
When one considers the write down that Toshiba took on HD-DVD in the financial quarter it's quite amazing that they had a profit to show at all.
Cheers,
Cheers,
I'm with John. Amazing.
They do have a bigger problem, though. If, as I suspect, Blu-ray will eat into DVD sales over the years, Toshiba will lose royalty/licensing income. Same if downloads eat into DVD sales.
They do have a bigger problem, though. If, as I suspect, Blu-ray will eat into DVD sales over the years, Toshiba will lose royalty/licensing income. Same if downloads eat into DVD sales.
navy:
The DVD market has already topped out and started to decline. We'll see what happens over time though. Blu-ray may gain a larger share of a shrinking market.
The DVD market has already topped out and started to decline. We'll see what happens over time though. Blu-ray may gain a larger share of a shrinking market.
Toshiba's:
Net profit plummeted a staggering 95% in the quarter.
Profit stood at 1.25 billion yen ($12 million), sharply down from 26.17 billion yen a year earlier. "Our net profit sharply fell due to the end of HD DVD business," Pulling the plug on its HD DVD business cost about 48 billion yen ($461 million). On top of that, the operation racked up a 60.2 billion yen ($580 million) operating loss for the fiscal year ended March 31.
Samsung's:
Net profit jumped 37% in the quarter.
Earned 2.19 trillion won ($A2.32 billion) in the QUARTER ending March 31, compared with 1.6 trillion won in the same period last year. Sales rose 19% to 17.11 trillion won ($A18.14 billion). Investors cheered the news, pushing Samsung shares up 4.4 per cent to 690,000 won ($732) in late morning trading.
Sony's
Still Looking; have they reported yet? OK; according to their own website; Q4 is not yet published so here is Q3 info (in Billions of Yen ended 12/31/07).
Revenue: 2,859.0 (+9.6%) vs previous
Operating Income: 288.5 (+60.4%) vs previous
Net Income: 200.2 (+25.2%) vs previous
Fiscal YTD Outlooks:
Revenue: 8,980 (+8%) vs previous
Net Income: 340 (+169%) vs previous (the percent they gave may have been a typo but it IS only a YTD outlook and not the final reporting) Maybe is should have been 16%?
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It will not be far off from the listed "OUTLOOKS"; so they will be UP somewhere between 5% - 9% thats all that matters is the end result at the bottom line.
It's a little sticky if you try and compare HDDVD losses to PS3 losses, as Toshiba is taking charges anticipating further costs of ending the HDDVD business, so that this doesn't stretch over multiple quarters. This is similar to what Microsoft did with the 360 defective problem, they took a $1B charge in 1 quarter for anticipated future losses as a result of the extension of the warranty.
They build a 500 million dollar factory and write off $12.5 million a year for 40 years, so it hides in the P & L. But when they close a factory they have to write off the amount they have not depreciated.
All the expenses like R&D, factories, etc. are depreciated over many years. In fact the government makes them do it.
All the expenses like R&D, factories, etc. are depreciated over many years. In fact the government makes them do it.
