Sony (SNE) Q3 results. SCE makes a profit!

[Maximus]

So a quick run down and explanation:

SCE made a profit, (0.4bn¥, $4.5m) but that is way down from last year, PS3 shipments are down YoY from 4.9m to 4.45m, here is the updated chart:

	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
PS3	1.68	1.93	0.71	1.31	4.9	2.33	1.56	2.43	4.45				
	1.68	3.61	4.32	5.63	10.53	12.86	14.42	16.85	21.3				
X360	1.5	1.7	1.8	1	4.4	0.5	0	1.8	5	1.3	1	2.2	6.3
	1.5	3.2	5	6	10.4	10.9	10.9	12.7	17.7	19	20	22.2	28.5

Now the biggest news to take from these results are the currency related write-downs. Sony had to write-off 127bn¥, $1.41bn from their bottom line as the Yen appreciated by around 28% against foreign currencies.

So while the results may sound poor - 10.4bn¥, $115m profit - if you factor in the one time currency write down Sony had a pretty average Q...

Onto the future, what we are going to see is the Japanese government do something about the currency situation (print baby, print!) so Japanese exporters (like Sony, Panasonic, Toyota etc..) can do business abroad but it will lead to problems with inflation at home...