Its sad to see, that one of the greatest ever company’s, has now been financially labeled “Junk Status”.
Sony haven’t been having a good time over the past couple of years, the PSN hacking cost them dearly, though i cannot say they did not bring this on themselves, with Sony’s ongoing lack of care for their consumers, it was only a matter of time, before they were seen as a financial nightmare.
The “Junk Status” was given to them by the Fitch Ratings Agency, who also dealt the same blow to Panasonic, here is a quote from the source:
Ratings agency Fitch downgraded the debt ratings of Japan’s Sony Corp and Panasonic Corp to “junk” status citing weakness in their consumer electronics and TV operations, further diminishing the luster of the once-great Japanese brands.
The cut to below investment grade, the first by a ratings firm, comes as the floundering Japanese tech giants face weak demand and fierce competition from Apple Inc and Samsung Electronics.
A strong yen and bumps in China, where growth has slowed and Japanese goods have been targeted in sometimes violent protests recently, have also weighed on their earnings.
The two companies, along with Sharp Corp, racked up combined losses of $20 billion last year, leading them to axe jobs, sell assets and close facilities.
“Both Sony and Panasonic are struggling to generate operating profits, but each is restructuring and I don’t envision the current situation continuing,” said Masahi Oda, Chief Investment Officer at Sumitomo Mitsui Trust Bank.
“A collapse of their core business would be a problem, but we are not at the point yet, and to me Fitch looks too negative,” Oda added.
Fitch downgraded Sony by three notches to BB-minus from BBB- minus, saying meaningful recovery will be slow. The move came after Sony, the maker of PlayStation game consoles and Vaio laptops, last week announced plans to raise 150 billion yen ($1.82 billion) through the sale of convertible bonds.
“Fitch believes that continuing weakness in the home entertainment and sound and mobile products and communications segments will offset the relatively stable music and pictures segments and improvement in the devices segment which makes semiconductors and components,” it said in statement.
In a separate statement, Fitch cut Panasonic to BB from BBB-minus, a two-notch downgrade, citing weakened competitiveness in its TVs and display panels as well as weak cash generation from its operations. It has a negative outlook on both the companies.
The downgrade sent Sony’s five-year credit default swaps (CDS), insurance-like contracts against debt default or restructuring, 5 basis points wider to 382.5/402.5 basis points.
Panasonic’s CDS for the same maturity were quoted at 295/315 basis points, 15 basis points wider than in Thursday morning Asian trade.
Standard & Poor’s rates the two consumer electronics makers at BBB, the second lowest of the investment grade, while Moody’s Investors Service has Baa3 on them, the lowest of the high-grade category.
With two of the three major ratings agencies still having the two companies as investment grade, institutional investors won’t face too great a pressure to cut their debt holdings in them, analysts said.
SONY SHARES TUMBLE
Sony shares shed 4.4 percent in Frankfurt on Thursday. The shares ended 1.8 percent higher at 834 yen in Tokyo before the Fitch announcement, trading not too far from their 32-year closing low of 793 yen hit on November 15. Sony stock is down 40 percent so far this year.
Panasonic shares were down 0.6 percent in Frankfurt in low volume. The stock inched up 0.7 percent to close at 407 yen in Tokyo trading, near its 34-year closing low of 385 yen reached on November 13.
Last month, Panasonic cut its forecast and warned it will lose close to $10 billion in the year to March, as it writes off billions of yen in tax-deferred assets and goodwill related to its mobile phone, solar panel and small lithium battery businesses.
Ahead of its earnings revision, Panasonic won $7.6 billion in loan commitments in October from banks including Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group, a funding backstop it says will help it avoid having to seek capital from credit markets.
Sony made a small operating profit in the July-September quarter, helped by the sale of a non-core chemicals business, and kept its forecast for a full-year profit of $1.63 billion.
Thanks to OoZic for the news tip.
Finally, i would like to dedicate this news article to marty370.
11-22-2012
05:54 AM
i hope they dont choose cheap components/quality in the next playstation to save money or it will end them
but damn, junk? thats a little harsh.
it would be interesting to see how they rate the likes of the other console makers in comparison.
11-22-2012
06:29 AM
You reap what you sow.
Thanks to their disastrous marketing choices, how they handle their customers and the decline in the quality of their products it's not so surprising that they are now at "junk" level.
11-22-2012
06:54 AM
Thats what happens when you believe your customers should be happy with 'renting' a machine that was actually sold....
Now I'm waiting for Sony to push a new ToS that requires aleast three game purchases a year.**
11-22-2012
08:10 AM
Tough one... They were great back in the 80s and 90s when they were a hardware company. They made good quality hardware that people wanted.
Haha I remember them fighting for our rights to use Betamax's to record TV, & movies.
Then they moved into the music and movie industry and turned into what they are now.
Not to mention their hardware (TVs etc) are just too overpriced now.. why spend $2k on a TV when you can spend $800, get a 5yr warranty and be just as happy.
Their name alone doesnt sell stuff like it used to.
11-23-2012
04:47 PM
Its sad to see, that one of the greatest ever company’s, has now been financially labeled R... [Read More]
11-23-2012
04:50 PM
They need to stop doing dumb **** like manufacturing TVs, MP3 players, laptops, etc.
They should only keep their music studio, movie studio and gaming division.
Sent from my SAMSUNG-SGH-T989 using Tapatalk 2
11-23-2012
04:52 PM
firstly, lmao at the dedication
but mainly, i am hoping that the next iteration of the ps brand is top quality and they actually deliver features instead of removing them.
i would hate to see playstation vanish but if they fail to impress with the next console they will surely lose a vast market share and likely be out of the console game for the forseeable future
[MENTION=109298]Annelies[/MENTION] their laptops and tvs are awesome in my eyes, giving up on them would be suicide
11-23-2012
04:56 PM
They put to much money into the PS3, And did not get enough out of it.
They should have had the Slim PS3 versions sooner. The $500 Phats are what really did it to them.
11-23-2012
04:56 PM
I own a Panasonic TV and i love it! I have also worked for a short time in a tv repair shop. I have seen all kinds of TVs come in and out. I would have to say that Panasonic is one of the Superior brands. Most of the Panasonic TVs that did come into our shop only needed a firmware update and most consumers do not realize that TVs sometimes do require firmware updates. Also I loved working on panasonic's, I found them to be very easy to work on. They can be labeled whatever, I will still have no problem buying one in the future.
11-23-2012
05:14 PM
Sony isn't failing just because of the PS3, they're a huge conglomerate... I'm sure there's plenty of complicated reasons for their downfall and I won't bother trying to examine all of them.
As far as gaming's concerned though they completely ****ed up with the Vita on so many levels. It's like they're not even aware that people have iphones now or that no kid's parents are going to buy them a $300 handheld. It took Nintendo a year to figure that out with the 3DS, Sony should've learned from their mistake.
11-23-2012
05:15 PM
Sony is about to sue them now :P
11-23-2012
05:24 PM
I miss Sega consoles. I still have the old ones but would love to see a new one.
11-23-2012
05:31 PM
http://ringedgeringwide.blog.com/
shame there was no more news
11-23-2012
05:34 PM
11-23-2012
05:35 PM
chill, tomorrow I'll buying a slim 3k 320Gb
since my fat 60Gb had ylod 
11-23-2012
05:39 PM
11-23-2012
06:22 PM
Sony is a pile of junk? really? I haven't heard of this fitch rating thingy till now and all of a sudden they come up saying Sony is junk. I hate Sony's crappy rules over jailbreaking and hacking the PS3 and stuff but yet, I love my PS3, I loved my PS2, PS1... Even my LCD is a Sony product and I think it's great. Not really similar to any kind of junk. The problem is everybody thinks they know what's good and what's not good better than anyone else so they think everyone should hear their opinion and accept it immediately. :facepalm:
11-23-2012
06:28 PM
11-23-2012
06:30 PM
Sony is failing because their products are overpriced compared to the competition and the quality isnt any better...look at LG and Samsung, they know how to make quality for low prices..thats why they run the tv market.
11-23-2012
06:31 PM
Sent from my SAMSUNG-SGH-T989 using Tapatalk 2
11-23-2012
06:35 PM
Is there someone or something to rate this fitch itself?
11-23-2012
06:50 PM
11-23-2012
07:36 PM
Read more: http://www.answers.com/topic/high-yi...#ixzz2D609eAOF
The reasons associated with the credit risks are not single but many and are mostly related to the performance of the issuing corporation in the previous days. It has been observed that the issuers of the Junk Bonds have been some of the biggest corporates namely, IBM and General Motors. At a certain point of their business journey these corporations too had a poor credit rating. In United States of America, the companies having a revenue of more than thirty five million dollars come under the poor credit rating and hence have to pay a higher compensation package to the investors of its bonds. It has also been observed that most of the companies in USA (almost 95%) having revenue more than the thirty five million dollar mark also have a credit rating equal to BB or below. Hence the bonds issued by them too come under the category of Junk Bonds. Thus the bond yield in case of such Junk Bonds are also quite higher. Some of the recent household names of the corporate sector such as the Duracell or Time Warner also have a poor credit rating and are able to issue only the Junk Bonds.
http://www.economywatch.com/bonds/types/junk.html
So some of the biggest brands have at sometime had JUNK BOND status.
A few years back both APPLE & IBM were on the verge of going bankrupt, now look at both companies after restructures. Sony have been going thru aggressive restructuring the last 2 years, they will bounce back. They have even been diversifying, investing in new up and coming fields(medical equipment), been one.
11-23-2012
07:41 PM
Sony Releases Stupid Piece Of **** That Doesn't ****ing Work - YouTube
Never get's old.
If you see the big picture, most of big companies are trying to fix their compass without trying to lose so much money.
11-23-2012
07:42 PM
I'm asking you guys to think of why would sony of all the sudden was aggressive to hackers especially to those who were close/published hacking data. Gaming companies are losing to handles/smart phones and they barely keep it up with the current market, on top of that, nowadays, developing games take lot of time , and it costs much, then of all the sudden pirated games are running on ps3, and thus companies are losing even more cash. In addition, think of what had happened to THQ, and many others, even capcom is suffering.....
To be honest guys, sony doesn't deserve all the crap, especially, what had anonymous done to them...
Such group should be halted immediately and proper actions should be taken, they already had hacked countries....
People still take it as a joke!.
Regards and sorry for my bad English.
11-23-2012
08:11 PM
Maybe it's too late for Sony by now... Although I am not sure about that part... But regardless, maybe it can teach other big companies some lessons about how important it is, to have a good relationship with the customers. I think the hate from the people that Sony have shat on has spread to people that don't even know why to hate them.
It's fun, I at one point see them as someone with a quality brand and quality goods when you buy from them, and at the same time, I see them as dicks that treat customers badly and are the worst greedy ****s.
Anyway, to sum up, they have dun goofed themselves by the way they has been treating customers and people in general.. I wonder what will happen with the PS3 if Sony in maybe 2 years went down though...
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Statistics in those area have shown that generally pirating doesn't hurt the sale of games. The ones that pirate are people that usually would not have bought the game anyway, and they end up doing PR/spreading the word to people that would otherwise not have bought the game, but know ends up buying it.
And regarding the PSN breach. It was unfortunate for all the users/customers of PSN. Really, they did not deserve it. But Sony really ****ing did.
Reasons?
(1) They sold the PS3 as a computer system or whatever to people and then ends up taking those features away, pissing off people in the process by stripping them from things they had paid for.
(2) Every company of SUCH a size with SUCH a userbase on a service such as PSN that can not get the security right, deserves to be doomstruck. Do not get me wrong, security is a delicate matter. Nothing is really secure, its impossible to generate "one time pads" etc that are theoretically secure. But EVEN more so, given the dilemma of computer security never been completely secure, it just promotes even more the fact that they should have been responsible and at least stored the passwords of xxx MILLIONS users in a sensible way.
Edit: I would almost bet (only almost they were not this retarded
Ok, I know they did hash the paswords, so it wasn't stored in plaintext atleast.
But really... IIRC they was hacked through the use of SQL injection? Thats a ****ing joke too.
11-23-2012
08:27 PM
11-23-2012
08:49 PM
friend. speak much of keys PS3, but so far has only advantage consoles 3.55.
The ps3 is still safe as ever ...
11-23-2012
09:02 PM
11-23-2012
09:11 PM
Sent from my SAMSUNG-SGH-T989 using Tapatalk 2
11-23-2012
10:02 PM
I think it will get better for them....we still have christmas and black friday was only today....i dont want to see sony go....only because their consoles always had so much potential.
11-24-2012
12:45 AM
They should open their door to the cfw console community not labeling cfw malware bs.
11-24-2012
01:23 AM
hahahaha YES!!! we did it!!!!!
the giant crab goes down
hahahaha
11-24-2012
02:01 AM
Other than the fact that I'm really sad that people will loose their jobs, I am super happy that Sony's clock is ticking backwards. Great lesson for companies when they mess with their market.
[MENTION=52506]japsander[/MENTION]
I don't see how Sony wouldn't fail on PS4. I mean we have no sign for quite some years of constant fails one after the other that they don't even try to avoid failing because they don't admit their mistakes first of all. How can an issue get dealed when you don't even accept it? What would be "that" factor that would make them change their stance and strategy? NOTHING. Let's face the fact that Sony is doomed to fail on PS4 because they don't have the potential to quit their misery in any aspect and it's (ignorance) their leading strategy in their marketing which leads to nothing else than closure/lethal harm of the company or the Playstation brand. It's already too late and we have enough signs to be sure about it.
11-24-2012
02:12 AM
sorry i gotta go on with some brainless ranting
O.o what a surprise lol NOT REALLY LOL !!!!!
thats what you get for banning my shyty broken laser ps3 on cfw and for miss treating us consumers like shyt. perfect idea "lets sell people a hardware 500$ and then lets write a TO$, so they can't violate it". perfect idea.
11-24-2012
02:19 AM
Some of you idiots actually want Sony to fall? Then what? You are stuck with Nintendo who thinks it's still 1995 and Microsoft... No comment on M$.
Remember you idiots that it's because of a Sony product that we even know each other and are here on this nice website.
Sent from my SAMSUNG-SGH-T989 using Tapatalk 2
11-24-2012
02:26 AM
I'm more or less a Nintendo fan. I don't want to see Sony fail. I want to see them get it right. But it's sink or swim. They know what it's like. They've put competitors in the same position before. The only difference this time is that Sony put themselves in this mess.
11-24-2012
02:36 AM
Sony will not fall, like i said as many other companies are confused and trying to figure out what's the next move.
I don't love sony but i own some of their products, yeah i *****ed countless times about their stupid ways but they managed to deliver to the end user some nice products at the end of the day.
Even if they removed Otheros and ****ed up so many times lost count.
Let's not be hypocritical.
We are on PS3Hax (not NintendoHax)
11-24-2012
03:38 AM
**** em, good to see them hurting, hopefully they will give up on DRM and copy protection to save money.
11-24-2012
03:50 AM
Whole World is in $$$ Crisis.
Release of PS Vita was very bad choice since Vita is Expensive.
People want to play Mario in their hand and some "simplistic" games NOT UNCHARTED!!!
such games require more dedication unlike arcade like games.
That's why Vita failed. And vita fail is reason why SONY got Junk mark.
11-24-2012
03:55 AM
For all the people who are reading this thread even to the poster. Djeezus I would expect you learn to watch the news world wide. There has been an embargo disputing some islands between japan and china..... It has nothing to do with the 1% hacking scene which sony-they are entitled to protect their product(s).
2all who want to learn and be intelligent, Look it up will ya, you will learn something about the world .....
China is implementing an embargo, Reuters / google
- Sony/Panasonic forced to shut down Chinese factories
- China-Japan row over disputed islands threatens to escalate
- Japanese firms close offices in China as islands row escalates
- Japan firms stop China operations after protests
- China bans mineral exports to Japan, and that is really big worry ...
- The half of japan is radioactive inclusing the sea
- And there is not enough energy for the firms to produce
and so on ...
Not a climate for a good economy eh ...
11-24-2012
04:25 AM
well sony is currently my least favourite company with the of loss consumer trust and expectations from psp,ps1\2,laptops,cd/tape/mini disc players sony Ericsson Symbian range and x1 phones, crt tv.
they had to ruin it by killing the expectations of the ps3 and vita , their first lineup of android phones wasnt good either with dropped updates less ram and now they trying to lock the bootloader to keep users on their customized user interface. not sure about their tablets but the play station range on android was poor,xperia play was good but lacking in power.
the current model of tvs are Great but there is a problem, the sony emblem has a white light so when you have it on sonys name has to glow under it, i havent seen any tv company thats does this, duct tape required,
people dont want sony to fail but clearly planning and management is their fault.marketing is still good.
11-24-2012
05:03 AM
When I bought my ps3 in 2007, I found lot and lot of homebrew otherOs apps on the internet and they were too damn good, however, otherOs was made specifically to run Linus Os, which is slow, lagy and the rest is for you to mention, they removed it when they thought it could lead to a security break. In addition, that was a stupid move, but it could be for other things. Moreover, as far as I know, even xbox's network "Live" was hacked, so almost, no company is safe from hacking, the sad part, sony didn't invest much in securing servers....
Regards, and thanks for replying, also sorry for my bad English.
11-24-2012
05:06 AM
Ah man this sucks....what happens if Sony goes out of business that would blow!! Hopefully they can pick it up.
Warning
Stop posting this link on this forum!!!
11-24-2012
05:17 AM
sony MUST change from now on. their name alone is no good to assure sales.
11-24-2012
05:26 AM
my brother bought a Hp laptop with an amd cpu / ait gpu ( back then) and it lasted a year only, he then bought a sony laptop, which is in fact more expensive than others, and still happy with it. Also, I bought my ps3 in 2007, and I had to replace the thermal paste 3 days ago, thats the only maintenance I had to do for it!, sony makes design flaws and also marketing flaws, but stills they offer good products. I know that you disagree, but compare their products to other companies and you will appreciate sony products a bit more.
Regards and sorry for my bad English.
11-24-2012
05:33 AM
in fact i have said on many occasions that i think their products are awesome but the way they do business and treat customers fail.
i was mainly talking in regards to their console division as their service is severly lacking compared to live, their features are rubbish and their motion control is lacking compared to the other big 2. as long as they live in microsofts shadow, their console sales will suffer if they do not change their ways.
11-24-2012
05:59 AM
Lets be honest sony is a great company :D there products are great BUT there marketing killed them and bullying the 1% cfw users I mean hardly no one I know uses cfw. if sony goes it will be awful for the gaming market. I mean microsoft knew the xbox360 drive was hacked with LT+ but they did not go after c4eva did they they also knew about the RGH but silently patched in a update as they know if the console is hacked more people will buy it like ps2 sold so well also one of the most pirated consoles. They also release to many phones in a year xperia S,T,P I mean companies like samsung just release one massive mobile (samsung galaxy s3) and they ditched xperia play which they never should have they should,v made xperia play 2 put good specs and put the price round about £250. the ps vita is a great console but too expensive they got to obsessive over piracy they made there memory cards too expensive doesn't work especially in this crisis in the UK any way and not many people who want to use emulators on the system are going to buy it as its not hacked not to mention the quality of games out there and black ops on vita sucked. They need to pull there act up together as if they die we lose out there will only be nintendo and micro$oft and nintendo have more kiddy games and Microsoft just has the boring FPS such as cod no innovation. Please sony dont go
11-24-2012
06:17 AM
Sadly, they treat their customers as ****, and I dont know why this had happened to lot of companies recently.
Regards, and again sorry for my bad English.
11-24-2012
07:02 AM
The PlayStation brand will continue, just like the Amiga brand still exists after Commodore went down early '90's. Someone will buy it and continue and hopefully do a better job as $ony does now
Note: this is about the whole $ony company, not only the gaming division. I think Samsung is a bigger problem for them as Nintendo or M$...
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http://news.cnet.com/2100-1001-202143.html
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11-24-2012
07:21 AM
11-24-2012
07:55 AM
in brazil, we use to have a bunch of crap brands, and some 2 good, like Sony, Phillips, in that time, if u had anything "Sony", u had a great product, high-quality, something..."well done".
but today, Sony is just another brand, you cant see THAT DIFFERENCE between what Sony does, and any other does. and besides, bad bad bad decisions one after another, they just cant put a phone in Vita/Psp, they cant put a great "gamming device" in their smartphones, DUMBNESS AT ITS BEST
11-24-2012
08:20 AM
Too bad If sony goes down, I love the quality of their products, my ps2 is already like 5+ years old and still works flawlessly, hell even my sony cd player which is already like more than 10 years old still works.
11-24-2012
10:12 AM
Ah! Rating agencies! Who are they? (They're American) Who controls and rates them? (Nobody).
It’s curious to see that these companies (Sony, Panasonic) are not American and can pose some great threat to some US companies. It’s also curious that these same rating agencies are doing this same thing to many countries around the world. They are labeled as “junk” also, and the country with one of the greatest debt in the world is the US, amongst other things, go figure!
11-24-2012
11:41 AM
Try PONG
Arcade PONG, then a home version followed.
http://en.wikipedia.org/wiki/Pong
11-24-2012
11:48 AM
If it had not been for Nintendo and Sony collaborating, there never would have been a PlayStation
11-24-2012
11:52 AM
before nintendo saved the gaming world there was a massive crash in the gaming industry
http://en.wikipedia.org/wiki/North_A..._crash_of_1983
11-24-2012
12:01 PM
11-24-2012
12:09 PM
Sad to see that Sony and alot the big Japan companies have been going downhill financially. South Korea is the new powehouse with Samsung and LG.
and Moodys and Fitch´s, I would rate as junk. These ratings agencies can do much harm with their speculation, not just to companies but even to countries.
11-24-2012
12:19 PM
It's something that has happened forever. The strong and powerful eventually will fall and a new stronger and better will rise to take it's place.
**** happens....
On another note, Why did the US Gov bail out GM? Isn't that "Tyranny"? It is usually done by dictators in a Marxist type society to maintain absolute control over the economy and society as a whole. Example: Chavez nationalized the oil industry first, he has since gained more control of the economy and is now a dictator who will crush any political enemy.
11-24-2012
12:21 PM
http://www.ps3hax.net/showpost.php?p...4&postcount=21
Law breaking turds that can take a dump on customers and get away with it are what they are. Their rank fits them I'm sure.
11-24-2012
12:33 PM
Why I people are too damn dump.
anyways, sony made a good decision when they switched from PPC CPU.
History repeates itself, when we first were introduced to sega cd, atari, 3do etc, 3d graphics were unpolished, the technology wasnt just there and then things were perfected in ps1 and ps2 era. Nowadays, 1080P is a high resolution, and in order to develop high details graphics, lot of investments should be considered, trust me guys things will be better in the next gen.
11-24-2012
01:03 PM
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11-24-2012
02:47 PM
11-24-2012
03:03 PM
11-24-2012
03:54 PM
Dudes...imagine a world without final fantasy - that's gonna happen without sony - so be careful of what you wish for.
Or MS buys it...who knows
11-24-2012
03:58 PM
11-24-2012
11:10 PM
11-25-2012
03:55 AM
it actually started on the NES in 1987
and stayed with nintendo up until playstation took off
the old versions are still getting re-released on other platforms (thankfully) and as a franchise will not die if sony dont carry on.
the reason final fantasy will die if anything is because of the direction they have taken since FFIX. suddenly final fantasy doesnt seem right from that point and the latest installments are a disgrace to their memory
11-25-2012
01:57 PM
Microsoft has great innovation. They have the Kinect. I tried it and it is legit, no gimmick. It does an extradiordinary job of capturing ones body movements. Now this new Kinect 2.0 that is able to capture ones finger movements sounds so amazing. Sony's PS3 Move pales in comparison and is embarrassing. The problem Sony has with this is that Microsoft has the patent for the Kinect and Sony has to come up with some creative ways to circumvent that patent or pay a lincensing fee to Microsoft.
Also with this new augmented reality feature that Microsoft is creating for their nex-gen Xbox, their innovation will be amplified and far exceed any other gaming experience their competitors can come with. So far we have the Wii U and it's high-tech feature is a gimmicky ninja star throwing simulation that makes me nausious every time I think about it. I haven't seen anything like this for Sony yet besides that it's made from recycled material (which is good for the environment) and that it won't support backwards compatibility (which is super lame).
I hope that the PS4 offers free PSN access, has some killer new high-tech features, and has high-level hardware. If not, then I'm holding onto my PS3 and I'm jumping ship.
11-25-2012
07:58 PM
[MENTION=52506]japsander[/MENTION]
I don't know what final fantasy was your last but for me - playing FF 13 wasn't so bad. The OST was great - the setting was good - the char development was nice. And I've been playing FF games for a long time.
Final Fantasy had to go away from nintendo since they were to backwards still using cartridges. Well thanks for empty batteries in my gameboy games :<
Problem is - people are expecting too much of every FF game. They should stop measuring every new FF with FF VI-IX. That's basically the same story for diablo2/3. People expected a mind blowing experience after roughly 10 years. Or like every MMORPG has to be compared to WoW.
Anyways - I wouldn't give so much about Fitch rating anybody. Like some other user stated already - Sony isn't the first and certainly wont be the last company marked "junk" by them. They'll bounce back eventually. Just like Nokia.
11-26-2012
11:08 AM
when you have people who pirate games and cause developers not to release games because of said piracy, its inevitable for the competition to get all the fame and have sony really loose alot....wether you love sony or not, they have been bringing the games people want with great visuals....someone hacks their system and people get mad because they took legal action? half the people i know that hate sony, hate them because they wont let them pirate their games...its sad that when the company falls, people will look back and wonder why it happened. sure sony over prices certain things like cameras and such...but name one device that wasnt built tough..my cybershot is still taking pics against any other camera (not DSLR, my cannon and nikon handle that) i think that 99 percent of the people who are mad at sony are the pirates....im no hypocrite...i have a CFW on my ps3...but why? i love showtime, i love my emulators!...
11-27-2012
12:55 AM
http://www.ps3hax.net/showthread.php...123#post489123 this is aessome
11-27-2012
06:05 AM
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