180°

Sony cuts Q2 2012 losses to $198 million, bumps revenue to $20.6 billion thanks to mobile

Engadget: Sony is projecting a slight drop in revenue for its fiscal year ending in March 2013, from $85 to $83 billion compared to August's forecast. But the company kept its operating income projection unchanged at $1.6 billion -- thanks to new acquisitions like cloud gamer Gaikai and Olympus, along with such products as the new 84-inch 4K LCD TV and revised PS3 gaming console.

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engadget.com
Blankman854213d ago (Edited 4213d ago )

Thanx to the mobile division which still lost close to $300 million? On top of the $350 million it already lost last quarter? How is that a success?
Why is this story not focusing on the gaming business which made a profit? At least tell us how much of a profit instead of just tossing it in there with music and movies as if it didn't matter.
This is their 7th straight loss, you gotta wonder how long they can keep this up.

Silly gameAr4213d ago

Gotta love the N4G financial analysts we have around here.

Cam9774213d ago

Yup. Without them, I don't know how I would survive against this barrage of false information.

JoGam4213d ago (Edited 4213d ago )

Thanks dude...You just made me spill my coffee on my Vaio! LOL

BattleAxe4213d ago

^^^

I'm laughing so hard right now, while viewing these comments on my 46" Bravia through my PS3's web browser :D

Knushwood Butt4212d ago

Yeah, quick, give this man a job before he gets headhunted!

+ Show (1) more replyLast reply 4212d ago
Jazz41084213d ago (Edited 4213d ago )

According to the verge sonys gaming was down 16 percent as well as revenue but they did manager a very meager profit as in using there words. If you add the first qtr gaming loss and the second qtr meager gain Sonys gaming division as a whole is still in the loss column for 2012. As far as phones connecting to consoles ms windows phone have been doing that for a while now and with wind 8 its only getting better.

gaffyh4213d ago

Apparently that is mainly due to a strong Yen.

XabiDaChosenOne4213d ago

@Ndivhu *rolls eyes, Keep it moving son.

Jihaad_cpt4212d ago (Edited 4212d ago )

I have a question did the American economy go from recession to "expansion" instantly?

+ Show (2) more repliesLast reply 4212d ago
Neonridr4213d ago

very strange. I mean sure their numbers aren't as bad as the previous quarter, but they are also talking about how many jobs they had to cut. When you cut 10,000 jobs you save a lot in salary payouts. But when you have to say that you are cutting that many jobs this year, and you are still losing money while stretching your divisions thin, that's not a good thing.

Also I don't think the 84" 4K LCD TV did much for them at this point. Nobody can afford the $25K price tag for that, so I don't even know why I was in the article.

I have a Sony TV and home theatre system, so I do appreciate the quality they bring to the table for the most part, however with them continually losing money, you have to wonder where that is going to put them when the PS4 comes along.

It's hard to believe a company that continues to bleed money is going to want to sell their new console at a loss, but it will also be hard to fathom launching another $600 console ala the PS3.

nukeitall4213d ago

I know, it seems things hasn't improved at all.

Considering a cut of 10,000 jobs, you should save 10,000 * monthly salary * 3 months (for the quarther). That is easily $100 million plus per quarter, but now you lost productivity.

Cost cutting is good, but what is Sony doing to increase sales and demand for their products?

Captain Tuttle4213d ago (Edited 4213d ago )

Well they're spending money, they picked up Gaikai and launched the Vita. The return on the former remains to be seen and the return on the latter is fairly dismal, I'd guess.

4213d ago Replies(1)
4213d ago Replies(1)
seanpitt234213d ago (Edited 4213d ago )

So happy for sony they deserve to do well

Swiggins4213d ago

No no...let him figure it out himself...

Show all comments (42)
40°

XCOM's Jake Solomon Q&A - Building a Narrative-Driven Life Sim Game at Midsummer Studios

XCOM and Marvel's Midnight Suns director Jake Solomon has founded a new studio to make a life sim game. Here's a new interview with him.

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wccftech.com
320°

Microsoft's quest for short-term $$$ is doing long-term damage to Windows, Surface, Xbox, and beyond

Microsoft is pushing for no "red line" for what games could come to PlayStation, and it all revolves around Satya Nadella and CFO Amy Hood's plans to increase every department's margins.

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windowscentral.com
Brazz10h ago

"The plan to move Xbox games to other platforms is codenamed "Latitude" internally, and I know there's debate and unease at Microsoft about whether or not this is a good idea. More upcoming Microsoft-owned games slated for PlayStation are already being developed. At least for now, they're potentially obvious games you'd most likely expect. And yes, while it's true Microsoft is a prolific publisher on PlayStation already, it has typically revolved around specific franchises like Minecraft. From what I've heard, Microsoft is pushing for no "red line" for what games could come to PlayStation, and it all revolves around Satya Nadella and CFO Amy Hood's mandate to increase every department's margins. "

Yeah, they are going to kill Xbox hardware.

Xeofate7h ago

"Yeah, they are going to kill Xbox hardware."

It's for the best.

Quit stringing along xbox fans and screwing over PlayStation owners.

crazyCoconuts3h ago

Take good care of those Xboxes if you have 'em ...

outsider16243h ago

An Xbox game on a Playstation. Never in my years of gaming did i ever thought this was gonna happen.

gold_drake9h ago

i think it will kill off the xbox brand. windows will be fine.

but there is and would be a chance that xbox might be killed off in the future. if they fail to make the money they put in. imo.

S2Killinit6h ago

They wont kill it, but they will go fully PC while keeping xbox as a brand, and go multiplatform for the most part. They will also work tirelessly to diminish console gaming’s importance.

PRIMORDUS3h ago

It would be best if Xbox goes the way of Sega, just make and publish games. I know I myself will not support them at all with buying games from them, you all can. 🙃

ChasterMies2h ago

The Xbox brand will live for the games. I don’t expect Microsoft to entirely drop out of gaming hardware. They make Surface tablets and laptops. They’ll make Xbox branded hardware for those that want it.

shadowT8h ago

"Microsoft is pushing for no "red line" for what games could come to PlayStation"

Forza and Starfield next?

Skuletor7h ago

Starfield would be no surprise and there's the rumor that it will come to Playstation after the Shattered Space DLC, Forza (along with Halo and Gears of War) I find less likely but I wouldn't be surprised if they eventually end up on PlayStation too, especially if Xbox give up on hardware and go the Sega route.

shinoff21837h ago

Not to worried about forza. I'd rather see others like what inxile and obsidian are working on. Starfield sounds like it needs more time in the oven so let it cook first imo. If starfield and it's a small if does release on ps it'll be in the fall around the time for dlc or right at the dlc and come packaged with it.

-Foxtrot8h ago

In the words of Phil Spencer when he was talking about Nintendo last year

“It's just taking a long time for Microsoft to see that their future exists off of their own hardware"

S2Killinit6h ago

Yup. MS are a cancer to console gaming.

Aloymetal6h ago

100%!!
I wonder what happened to that dude that was always here posting those court articles with cartoons about MS spending all those billions in studios. He suddenly disappeared, I guess he doesn't like bad news when the green brand is in trouble. No new articles from him as of late...

PRIMORDUS3h ago

Yup, and it's only going to keep spreading.

Outside_ofthe_Box3h ago

Phil Spencer's words always comes back to bite him lol

7h agoReplies(7)
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370°

The PS5 Has Shipped An Estimated 5x More Units Than The Xbox Series X/S In The Last Quarter

When the PS5 and the Xbox Series X/S first launched all the way back in 2020, console sales were not what either platform manufacturer wanted them to be. The pandemic slowed things down more than ever before, even though in the case of each next-gen console, all the units that were manufactured, sold.

Of course that didn’t last, and soon manufacturing limitations on the consoles were a thing of the past, and sales started to leap forward. For one next-gen console platform, at least.

-Foxtrot23h ago

I can see why Microsoft is putting their games on PlayStation with these numbers

Imagine how many copies of future games like Elder Scrolls VI, Blade, Indiana Jones and more they could sell if they went fully multiplatform.

OtterX18h ago

If they don't, it would be the death of them.

Cacabunga4h ago

Can we then stop calling this a console war? Sony rolling over xbox trillions with a few cross gen games.. what would it be when a new uncharted, horizon or tsushima 2 comes out.. even worse, with GTA6 no one would buy an xbox to play it..

purple10116h ago

while I see your point, i'm one of those people that dont really want to see a M$ logo, when I boot up, however good the game is, unless truly exceptional, I've got enough games from Sony and enough coming down the pipeline, plus the 2 free smaller games on ps+, why do I need to give Microsoft anymore money,

I usually play just GT7 and cod, you've got Gran Theft Auto coming, its over for microsoft, they shot themselves in the foot, and now have to hobble away, to the losers corner, sit there, and repent.,!!! hahaha

bloop5h ago

That's crazy man. Just because you prefer blondes doesn't mean you should turn down a brunette.

GamerRN3h ago

Yeah and that's the fanboy problem right there in a nutshell

OtterX16h ago(Edited 15h ago)

@Purple101 At this point, Microsoft just wants to be the American Tencent, but also just happen to have a console available for those who want it.

I hate what they're doing to the industry, but I would play the next Elder Scrolls on PS5 or PS6 even if I had to look at a MS logo at the beginning. At this point, I'm just invested in the series. I didn't feel this way about Starfield, which is why I've skipped it. Worst case scenario, I'd pick Elder Scrolls up on PC if it didn't come to PS, but I've stayed true to my word - I have not, and will not buy another Microsoft console after 3 red ringed 360s. They've killed my console support for life. They showed how scummy they can be by knowingly rushing out a product before it was ready, just to try and capture a 1 year headstart.

If a MS logo shows up at the beginning of the next Elder Scrolls on a Playstation console, so what? That means Sony won and MS is just another publisher. Many of the large publishers are quite dirty, so it fits them well. I wouldn't mind seeing their console die off though and them solely take up this publisher role.

Jingsing12h ago(Edited 12h ago)

Yeah, I never bought another Xbox console after the 360. But at the same time you shouldn't find yourself captive to Elder Scrolls if the company behind it is very scummy. I dropped COD after Ghosts and I don't regret it the company has only become worse and I'm glad I never was part of funding that.

OtterX6h ago

@Jingsing oh yea for sure. If I sense that Elder Scroll 6 is a shell of its former self w a trashy microtransaction setup, I'll probably skip it. I'll wait for previews and reviews but I sure am hoping for the best. I still play Skyrim to this day in VR.

purple1016h ago

I mean yeh, if they do produce something good, i've got a laptop, +HDMI cable to the telly, link a bluetooth dual sense (that I already own), and hey presto, I don't need an xbox,

but I can't see that happening, ps5pro will the the best way to play, with best graphics and sound, for me.

gold_drake11h ago

yeh same, surprised it took them so long.

jznrpg2h ago(Edited 2h ago)

Personally I did not care for the Indiana Jones trailer. The combat looks too much like a Doom/Dishonored game to me. I think it could have been so much more. Which is too bad as I grew up with the movies and Raiders of the Lost Ark is still one of my favorites from when I was a kid.

If they can bring Elder Scrolls back towards Morrowind I would love it. If it’s like Skyrim it will be pretty decent but not great. Blade has potential. Hopefully it’s nothing like Redfall. I don’t really trust MS to make good games and rather not give them my money as they are bad for gaming. I’ll buy some games used, maybe but that’s about it

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23h agoReplies(1)
22h agoReplies(1)
Barlos12h ago(Edited 12h ago)

A surprise to nobody.

S2Killinit11h ago(Edited 11h ago)

5X is a surprise as it’s just unreal.

fr0sty8h ago

Yeah, this console war just became a console genocide.

Jingsing12h ago(Edited 12h ago)

Sony would probably be selling more if they stopped sending mixed signals about their future. Putting games on PC because you are taking data analytic advice from Microsoft about the future of consoles is folly and has limited their potential sales. Microsoft want Sony and the world to believe that consoles are done as a business so companies like Sony and Nintendo etc can end up serving Microsoft's platform. Remember when it comes to Microsoft "It is us or no one and the three E's" Don't fall for it.

S2Killinit11h ago(Edited 11h ago)

MS has forced everyone’s hand in regard to PC. If the other two dont release on PC, they will be giving them an edge. Imo

Although i think Sony/PlayStation would be wise to release selectively on PC.

Jingsing10h ago

The way Sony are doing it though is very suspect, It almost seems like they are trying to tunnel their way out of Steam with a PSN back-end. They should have just launched their own store. Yes this would no doubt upset PC users but you just can't have everything on Steam as that means no market competition. Microsoft and Sony should only use their own stores. That way they can also enforce their subscription fee's (I don't think there should be fee's) like they do on console as right now they are saying people on console have to pay this fee but if you play on PC you don't. That is very anti-consumer.

Skuletor9h ago

While putting their games on PC would lose them some console sales, there's a large market of people that prefer consoles for their simplicity and convenience, I wonder if it would really effect them negatively. Well, I guess at this current point they won't be dragging PC players into a PS Plus subscription, so there's that.

crazyCoconuts8h ago

I think after Xbox is gone they'll make a bigger push to move PC gamers over to PS, and they may halt momentum on the PC ports to do that. PC and Nintendo gamers will be the only ones left to convert

Einhander19728h ago(Edited 8h ago)

Jingsing

This is a reply to this comment.

"The way Sony are doing it though is very suspect, It almost seems like they are trying to tunnel their way out of Steam with a PSN back-end"

That's not accurate, what they want is simply to be able to count PC users as PlayStation users. It's no different than what EA Ubisoft or Microsoft are doing. Heck, people need to sign up for extra accounts even on consoles to play some of their games, you can't play Sea of Thieves or Minecraft without a Microsoft account.

I'm not sure why PlayStation is being singled out like this, I get why it was a problem in Helldivers because they added it after the game was released which caused problems for people who already owned the game, but at the same time it was nothing that all the other major publishers weren't already doing.

ChasterMies8h ago

“Putting games on PC because you are taking data analytic advice from Microsoft ”

Sony is putting games on PC because the market for people who spend $2000 on a gaming PC is different from the market that spends $500 on a gaming console. Also consider that consoles are sold at a loss. Sony probably makes more from selling Sony published gamed to PC owners than selling consoles to PC owners who would only use them play those games.

shinoff21835h ago

I dont think consoles are sold at a loss outside of the first couple years.

InUrFoxHole6h ago

Hold your breath if you think they're gonna stop bringing games to pc

BehindTheRows5h ago(Edited 5h ago)

Selling more? They just had one of the biggest periods for a console EVER (20.8m). That’s not exactly something for them to scoff at. They’d just break more records by selling more, but it’s not a necessity.

Their balance of selling what they’re selling while making plenty of money is how you successfully run a console business.

neutralgamer19924h ago

PC gaming is a platform which is compatible with consoles. So many of keep saying the same nonsense for years ago. PC isn’t going anywhere and more and more games will be on PC

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