Skip to main content

Sony estimates $3.2b loss this year, $171 million cost for PSN breach


Sony estimates $3.2b loss this year, $171 million cost for PSN breach
It has not been a good year for Sony, which was affected both by the massive earthquake in March and the PSN outage that spanned from April into May. There couldn't be any doubt that those things would have a drastic impact on the company's bottom-line, and it's now taking the time to give investors an idea of just how big an impact that could be -- even though the financial issues lie largely elsewhere. Sony is set to announce its full financial report for its fiscal year this Thursday and, to soften the blow, estimates have been revised steeply downward. Previously Sony predicted a ¥70 billion ($855 million) profit, but now thinks a ¥260 billion ($3.14 billion) loss is rather more accurate -- a ¥360 billion non-cash charge taking the wind out of ¥200 billion in operating income.

The earthquake was directly blamed for a loss of ¥22 billion, but that figure could certainly grow as this estimate is only through the end of March. Additionally, Sony has provided a early guess of a ¥14 billion (about $172 million) total cost for the PSN breach. That's less than two bucks per exposed account, but again we wouldn't be surprised if it's a figure that increases through the year. You know, once the lawyers start having their fun.
The Wall Street Journal, gamesindustry.biz
sourceSony [PDF]
Labels:

Comments

Post a Comment

Popular posts from this blog

Scientist cooks up adjustable strength metals

As you may know, crafting a katana is a delicate process that involves carefully constructing a razor-sharp high-carbon edge around a soft shock-absorbent core. One day though, smiths and forging fires could be replaced by electrode-wielding mad-scientists, with the technology to selectively harden and soften metal at will. At least that's what we envisioned when we read about Jörg Weißmüller's breakthrough research in the field of nanomaterials. The German scientist discovered that by placing precious metals in acid he could create tiny ducts through corrosion. Once those channels are flooded with a conductive liquid, electrical currents can be used to harden the material and, if you change your mind about the brittle results, the effect can easily be reversed to make it soft again. The tech could eventually lead to self-healing vehicle armor or scratch-resistant cellphones -- but, really, we just want to zap our way to a high-quality samurai sword. Physorg
Post a Comment
Read more

Nano Technology With Nokia Morph

Nano Technology has evolved as an all together different technology area in the mobile world. Mobile phones are advancing at a great and faster pace than never before and Nokia Morph is truly a mobile wonder. This phone has been developed by Nokia Research Center and the University of Cambridge (UK). The Morph specialty lies in the design and technology used to make it possible. The best part of this phone is that you can transform it according to your wish and that what exactly Nokia wanted to come up with- Flexible and Reliable phone. You can radically change the phone in different shapes one of being the bracelet way. Professor Mark Welland, Head of the Department of Engineering’s Nanoscience Group at the University of Cambridge and University Director of Nokia-Cambridge added, “Developing the Morph concept with Nokia has provided us with a focus that is both artistically inspirational but, more importantly, sets the technology agenda for our joint nanoscience research that will st...
Post a Comment
Read more

Compal's 'Ultra Mobile' Ultrabook eyes-on

Intel's already teased Compal's "Ultra Mobile" Ultrabook from afar, but when this Ivy Bridge laptop popped up on the show floor after the Computex keynote, we decided to give it a closer look. While this prototype isn't quite in the same league as ASUS' gorgeous UX21, do bear in mind that we're still looking at a relatively slim package for a 14- to 15-inch Core i7 rig. Also visible around the machine are a couple of USB 3.0 ports, an HDMI-out port, a LAN socket, and an SD card reader. Until we hear more about this Ultra Mobile, enjoy our eyes-on photos below. Compal's 'Ultra Mobile' Ultrabook eyes-on omment
Post a Comment
Read more