02 Nov
Nintendo’s Satoru Iwata announced that the decision to sell each unit below cost is the reason it’s annual net profit outlook has been reduced
02 Nov
11 Apr
Sony Corporation hasn’t been seeing anything but red for a while now, having four straight years of negative numbers, but the Corporate Headquarters in Japan sunk to a new debt plateau with a posted ¥520 billion ($6.4 billion) expected loss. Recently appointed CEO Kazuo Hirai stated that he was prepared to take “painful steps” to […]
31 Mar
With their net income projections for the financial year ending March 31st slashed by almost 50% (¥18 billion from ¥38 billion) – and a ¥7.1 billion loss overall – Sega has announced some stiff reductions across the board for its Western Operations. Both the company’s EU and US offices are expected to take heavy – […]
08 Nov
The same ratings agency that downgraded the credit of the United States has found major fault with Sony. Standard and Poor’s lowered the electronics giant’s rating to A-, long-term corporate credit and senior unsecured debit ratings being the main reason cited for the downgrade and negative credit watch. The agency predicts the company’s fourth-straight year […]