20061020   

Michael considered fate at 19:13   |   Permalink   |   Post a Comment

I've been wary of Sony for some time now and I won't be surprised if the sink ships. Sony revises earnings projections way down:

While the sales and operating revenue projections remain unchanged, the company's operating income will plummet from ¥130 billion to ¥50 billion. That's a drop of 62 percent..

..The company does project a much stronger 2007, though, and is banking on a successful launch of the PS3 to boost income in the next year.

For those not up on the yen's current value, that drop is roughly from $1.1 billion to $421 million. These projections sort of back me up for now, but I also think their hope for the PS3 in 2007 is probably overrated.