[Bloomberg] Sony to Buy Back Stock After Profit Falls Short of Estimates
Varteras
Member
It even states in the report that what Sony is doing is in line with the Nasdaq index in general
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Bernd Lauert
Banned
I remember the last thread where Mochizuki got dragged for claiming that Sony might not actually hit their hardware sales target. In this thread, he would at least deserve it, because the article is basically clickbait. Everyone is buying stocks back.
Damigos
Member
That is golden
His statement is basically true though. Sony is buying back stock after profits fall. What's wrong with stating that?
Jose92
[Membe
It is the fud he always tries to spin around Sony this is not first time, Nasdaq recommended buying back stocks because of the current market. And this guy finds a way to spin it in a bad way for Sony.
mods prevented me from writing in the other thread for saying it "doesn't look good" Bloomberg post an article that demonstrates how for the market "doesn't look good" ...let's stop it. i go to take a coffee is better. There are other opinions besides the usual ones. get used to it.
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GHG
Member
They are all doing it in order to keep their stock prices propped up in a falling market.
My personal feeling is that it's a waste and they'd be much better off putting that money towards innovation/R&D.
Bernd Lauert
Banned
kyliethicc
Member
Funny how they disagree with each other at Mike.
www.bloomberg.com
Sony's Profit Surges on Healthy Film, Game, Music Growth
Tokyo (AP) -- Sony’s fiscal fourth quarter surged 67% to
www.bloomberg.com
Ass of Can Whooping
Member
Should have been issuing more when it was overpriced (still overpriced frankly)
Well at least they're not wasting it on the dividend
Well at least they're not wasting it on the dividend
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GHG
Member
Of course they have a choice. Let me put it this way, there's a reason they weren't buying back their stock during the peak of February last year, or January this year.
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Bernd Lauert
Banned
Both statements can be true at the same time, tbh. Profit surges and profit falls short of estimates.Funny how they disagree with each other at Mike.
Sony's Profit Surges on Healthy Film, Game, Music Growth
Tokyo (AP) -- Sony’s fiscal fourth quarter surged 67% to
SLB1904
Banned
did they miss the profits last year?
if they don't buy back shareholders are the ones who will suffer from the drop in shares not sony.
if you dont honor the shares you'll lose trust. also is not like if they dont buy the shares the money automatic goes to r&d and innovation that's not how it works, they have plenty of money for that
Makoto-Yuki
Banned
ps5 not selling as good as expected?
Jose92
[Membe
Maybe because they can't produce enough ? electronics shortages.
Dick Jones
Banned
Generally happens with supply constraints, you can only sell what you make.
nominedomine
Banned
It's sold out.
Papacheeks
Banned
Supply constraint.
phil_t98
#SonyToo
they can't make enough stock its as simple s that. what ever stock they have they sell out, always a good sign
oldergamer
Member
Hmm so hardware sales are closer then expected between the next gen consoles? That wasn't expected.
I dont get the animosity towards the article writer. I think some are over acting. This isn't jason Schroeder style article slant.
I dont get the animosity towards the article writer. I think some are over acting. This isn't jason Schroeder style article slant.
phil_t98
#SonyToo
yeah but its true though
Tiago Rodrigues
Member
Of course this Takashi guy failed to mention the 18M they are projecting to sell for the next fiscal year.
His articles on Sony are transparent for years, lmao.
His articles on Sony are transparent for years, lmao.
nominedomine
Banned
I just assumed it was an honest question. No harm done.
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Dick Jones
Banned
They might need to put sarcasm as there are idiots who genuinely think that way in this very thread. It can be tough wading through sarcasm when it is pitch perfect with stupidity.
Ass of Can Whooping
Member
Not expected? Were you living under a rock?
Thirty7ven
Banned
Takashi loves to troll Sony.
SLB1904
Banned
Collecting dust I'll tell ya
Negotiator101
Member
What's the difference? Sales are sales.
Papacheeks
Banned
I think the consensus is if Playstation didn't have the supply constraints with either it be their chips or custom cooling solution they could have met their forcast if not exceeded it. Which puts it above PS4 in terms of sheer popularity and demand.
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Negotiator101
Member
Obviously, but they aren't meeting their own forecast, the reason is irrelevant.
Ass of Can Whooping
Member
Of course it's relevant
Negotiator101
Member
Ass of Can Whooping
Member
Would you prefer to miss your forecasts due to
A) Supply outpacing demand
or
B) Demand outpacing supply
adamsapple
Or is it just one of Phil's balls in my throat?
In an ideal world these corporations would love not to miss the forecast at all, but here we are.
Ass of Can Whooping
Member
Obviously but that wasn't the question
adamsapple
Or is it just one of Phil's balls in my throat?
Yes it was a rhetorical comment on the industry wide state of chip shortages only, my bad fam.
Negotiator101
Member
The team at Sony responsible for those forecasts made a bad call, shareholders are not happy regardless of why they didn't hit those numbers. Spin is spin but numbers are undeniable and that's all that matters.
kyoji
Member
Permaban 8months overdue, toodles.
rickybooby87
Member
Eh, the market is there for PS5. I have yet to see a single PS5 on a store shelf, anywhere. However, I usually see at least 1-2 XSS on the shelf. Supply constraints and massive demand is the simple answer we should all be arriving at.
Ass of Can Whooping
Member
This is nonsense. As a shareholder you're obviously going to be more worried about a product that isn't in high demand vs a product that is just not meeting demand.
R3claimer117
Member
Lol
this is the stupidest thing I've read that benefits Microsoft which is why the continue to shrink the lead Sony had if that continues into the holiday with games like starfeild and the likes there's going to be tide change.
Thirty7ven
Banned
Lol
MS could release ten starfields this year and the tide wouldn't change, because they will sell all the HW they have.