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Originally Posted by DaneMcCloud
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Sony as a whole, not SPE (I'm assuming).
http://money.cnn.com/2014/12/18/tech...html?iid=HP_LN
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The massive hack that's humiliating Sony executives and enraging Hollywood stars has drawn plenty of attention to Sony's money-losing movie business.
But the film business is really the least of Sony's problems.
That's partly because Sony's studio accounts for less than 10% of its total sales.
The company is really struggling in the realm of electronics, which it once dominated with innovations like the Sony Walkman and the Trinitron TV.
- Its TV manufacturing unit, which once produced Sony's fattest profit margins, now struggles to make money.
- It dropped out of the personal computer business earlier this year.
- Sony's smartphone business has just 3% of the market. And it wrote down the value of that unit by $1.7 billion last quarter, which led to another loss for the entire company. It lost $1.2 billion in its fiscal year that ended in March.
- Its debt was downgraded to junk bond status early this year.
- It recently suspended its dividend for the first time in its history.
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