260°

Sony expects first loss in 14 years amid downturn

TOKYO - Japanese electronics and entertainment company Sony Corp. reports its fiscal fourth quarter and full year earnings on Thursday. The following is a summary of key developments and analyst opinion related to the period.

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businessweek.com
5483d ago Replies(10)
Sonyslave35483d ago

lol the ps3 sales still going down damn wtf man i thought their were 120 million people waiting to buy a ps3.

Beast_Master5483d ago

Considering this is the first time the company has not made a profit in 14 years and they are only 1.5 billion in the tank. I think you should shove your fist up your own arse. I know 1.5 billion sounds like a lot of money but to a company that makes 200 billion in revenue every year it is hardly a mountain that cannot be climbed. You do realize that Sony does more than sell video games right?

heroicjanitor5483d ago (Edited 5483d ago )

Sony practically invented gaming the way it is on the 360, microsoft made a good online service and attached it. They also charged for it and stopped making games. Yet you are happy they are posting a loss? When Nintendo are making so much money from a machine which doesn't come close to either machine? It is like you guys are supporting football teams, except there are no matches to watch, and Sony is the only one making games. Nintendo doesn't even have to play they just advertise a lot(yes,more than microsoft, I see a wii or ds ad every break) and win.

Ps3fanbaby5483d ago

that doesnt mean nothing im stille proud of buying my ps3 since day one and i dont have search for good game cause they are all perfect.highest seller is not the best console

Sitdown5483d ago

That's a lot of love and credit you are throwing Sony's way.....

RememberThe3575483d ago

They changed the face of gaming forever. Nintendo brought it to the worlds living rooms, Sony made it mainstream, and MS added online. They all deserve credit for what they have done to the industry we love so much.

Sitdown5483d ago

So do you really think that if Sony never entered into the picture..that gaming would not be mainstream? I would like to believe that a lot of this stuff is natural progression...and the fore runners receive a lot of the credit....that is what I was trying to get at with heroicjanitor. The Atari, Nintendo Kids, and other earlier gamers have grown up...and in doing so, have brought fans along with them. So while Sony has its position in gaming history...lets not try and go overboard with credit toward them.

RememberThe3575483d ago (Edited 5483d ago )

The thing is that this is not just natural progression. I do see what your saying, but the same could be said for Nintendo and MS. I happen to think that things would be very different if it wasn't for Sony and MS entering the market.

The concept of natural progression is too simple. It obviously has a part, but it is not the whole picture. Sony and MS brought with them experience that neither Sega or Nintendo had, and that's experience in other industries. Sony and MS were able to take what they did best and adapt them to the game industry. They are still doing it today. Sony and MS are able to tap resources that Nintendo and Sega didn't and still don't have. That means a lot when it come to R&D.

n4f5483d ago (Edited 5483d ago )

than you must be a new born gamers than u did not game before

@ps3fanbaby than by that logic the ps2 is not a great console?

slpknt6sic65483d ago

"So do you really think that if Sony never entered into the picture..that gaming would not be mainstream? " no body is saying it would never happen. but don't forget that Sony has more game studios then Nintendo and Microsoft combined. they bring the games to the table. we gamer (or as people say ps3 fanboys) love Sony for the games they give us. i cant see myself without gow, grad turismo, warhawk, uncharted, ratchet, jak and daxter, the list can go on... i know ratchet is insomniac but they equal sony in my book lol im not saying microsoft is not bringing games they gave us gears... wait that was epic. ok halo. and more halo but i know 10 million people say its DA bees Knees! even tho i disagree.

slpknt6sic65483d ago

"lol the ps3 sales still going down damn wtf man i thought their were 120 million people waiting to buy a ps3." ok its clear that you made your account with trolling in mind. but let me ask you something.. do you really think the ps3 will fail? its doing just fine by the way and as blu-ray becomes mainstream the ps3 will take off.

Sitdown5482d ago

And for each game you named...I bet we could find titles that preceded it. So to a degree, such games already existed....Sony just improved on them...that is what evolutions is. This has nothing to do with how many studios has....its about acknowledging...that if not Sony, it would have been somebody else. It's a bit much to credit Sony for making video games mainstream.....especially when we had the pacman craze.

PS. I actually think that bluray taking off could go either way regarding helping the ps3.

+ Show (8) more repliesLast reply 5482d ago
sack_boi5483d ago (Edited 5483d ago )

Well since the PS3 is still very expensive and isn't backwards compatible anymore, those 120M people are still waiting for Sony to get their sh!t together.

Sony Rep5483d ago (Edited 5483d ago )

Microsoft still paying off...

xbox 1 failure
RROD warranties
E47 warranties
Too Human

haha. Microsoft still paying off debt. No wonder they can't afford any new games for the 360... And ya worried about Sony??

RememberThe3575483d ago

I'd say they're about even right now.

kalistyles5483d ago

Why would you wish a downfall of an Empire? Makes no sense.

Fox015483d ago

When that empire is Sony it make a lot of sense. During the PS2 era, SCE was pretty much a d!ck. It feels good to see that they're getting their @ss handled this gen.

Christopher5483d ago

And yet Microsoft has been a d!ck since the mid 80s... hate to see them get taken down a peg...

Unbiased15483d ago (Edited 5483d ago )

Yeah they(Sony) were "d!cks" by giving us best line up(PS2) ever, how dare they!!!

ShabzS5483d ago (Edited 5483d ago )

its good to see that sony is being forced to innovate and try new things thanks to microsoft... but job cuts and losses are not the way it should happen

Megaton5483d ago (Edited 5483d ago )

Yeah screw Sony! Two generations back to back providing the best game libraries ever, how dare they?!

No matter how you feel about the PS3, Sony leaving the gaming industry would be a colossal blow to gaming in general. Unfortunately some of you knuckledraggers are too wrapped up in this idiotic 'console war' to see that.

40cal5483d ago

While you are wishing for the downfall of Sony you may want to stop and Realize that John Legend, yeah the guy in your avatar, is published and distributed by Columbia whose Parent company is Sony Music Entertainment. Stupid ass.

Further more the loss that Sony is about to post has more to do with the change in exchange rates (Yen getting stronger) than it dose with the Playstation division. We will get an in depth look on Thursday.

ultimolu5483d ago (Edited 5483d ago )

Fox, you could say the same thing about another certain company could you?

Why am I not surprised that people are running around on this thread screaming doom for the PS3 already?

There is a recession going on. Sony's not the only company reporting losses and laying off workers. Some of you need to grow up and face the real world.

This isn't always about the f*cking videogames.

RememberThe3575483d ago

Sony is going to start relying more on the PS3 and the PSN. Stringer sees a lot of potential in these two products and wants to see them both grow.

Sorry haters, The PlayStation is here to stay.

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50°

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
340°

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
Brazz13h 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.

Xeofate11h ago

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

It's for the best.

Quit stringing along xbox fans and screwing over PlayStation owners.

crazyCoconuts6h ago

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

outsider16246h ago

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

jznrpg1h ago

It is dying anyway so doesn’t make much of a difference

VersusDMC1h ago

No way can they get rid of the hardware as probably 90% of game pass subscribers are hardware users.

Highly doubtful those users will move to PC or Cloud to subscribe there and the competition (Sony and Nin) will never have gamepass on their system.

If they want to keep the current subscribers, they need to keep releasing new hardware.

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gold_drake12h 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.

S2Killinit10h 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.

PRIMORDUS6h 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. 🙃

ChasterMies5h 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.

shadowT12h ago

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

Forza and Starfield next?

Skuletor10h 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.

shinoff218310h 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.

-Foxtrot11h 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"

S2Killinit10h ago

Yup. MS are a cancer to console gaming.

Aloymetal9h 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...

PRIMORDUS6h ago

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

Outside_ofthe_Box7h ago

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

10h agoReplies(7)
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380°

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.

-Foxtrot1d 2h 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.

OtterX21h ago

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

Cacabunga7h 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..

purple10119h 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

bloop8h ago

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

GamerRN6h ago

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

OtterX19h ago(Edited 19h 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.

Jingsing15h ago(Edited 15h 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.

OtterX9h 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.

purple1019h 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_drake14h ago

yeh same, surprised it took them so long.

jznrpg5h ago(Edited 5h 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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Barlos15h ago(Edited 15h ago)

A surprise to nobody.

S2Killinit15h ago(Edited 15h ago)

5X is a surprise as it’s just unreal.

fr0sty11h ago

Yeah, this console war just became a console genocide.

Jingsing15h ago(Edited 15h 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.

S2Killinit14h ago(Edited 14h 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.

Jingsing13h 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.

Skuletor12h 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.

crazyCoconuts12h 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

Einhander197211h ago(Edited 11h 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.

ChasterMies11h 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.

shinoff21838h ago

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

InUrFoxHole9h ago

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

BehindTheRows8h ago(Edited 8h 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.

neutralgamer19927h 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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