180°

Pachter: Sony Won't Make Money on the PlayStation Vita

Outspoken industry analyst Michael Pachter doesn’t believe that Sony has much of a chance of making money on the PlayStation Vita. Speaking on the latest episode of the Pach-Attack, the Wedbush Securities employee described the system as a “joke”, explaining that while it’s a capable device, very few people want to buy one at the current price point.
“The Vita’s a wonderful, wonderful, wonderful piece of hardware, but nobody owns one,” he said. “The reason that they don’t own one is because it’s too good. It does too much, and developers aren’t making games for it because the market is too small. You need a big install base before you get third-party developers embracing a platform, and [that’s not going to happen on the Vita] at the current price point.”

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psp2roundup4042d ago

Sure, the Vita hasn't sold as well at launch, but it has years to go. I believe, the aim was to make money on memory cards at the start, and then from the console over the longer term.

Sony seems confident it has the games support this year, so we'll see.

If it fails, hey I can still play a bunch of great games on the go...

psp2roundup4042d ago

I suspect he meant truck-loads-of-cash-from-huge- sales...

MikeMyers4042d ago (Edited 4042d ago )

Two things have stirred interest in Vita. One is Playstation Plus. The stuff coming out included is pretty amazing. Sony has really turned the service into a great bargain. The second thing will be the PS4. The Vita was made after the PS3 so all those issues right now with Remote Play and cross platform gaming will be greatly improved for the PS4. Gaikai could also play a role in Vita.

I've said from the beginning to give them 2 Christmas seasons before writing off the device. They've only had one so far.

bicfitness4042d ago

How will Sony not make any money? They've been making money off the hardware since day one and the machine is made of off the shelf parts, which are from 2011. Miniaturization and mobile progress ensure that the cost of materials will CONTINUE to decline. So Sony's profit on every Vita will continue to increase.

Regarding games, they're launching 2-4 with each weekly update and projecting over 100 for the year - including AAA releases. Patcher has consistently proven that he is as wrong as he is right, so I wouldn't get too upset about anything the man says.

Malice-Flare4042d ago

to these people, if it's not iPhone-type sales or, at least, DS-like (not 3DS) sales, it is a failure and no money is made...

Snookies124042d ago

Whew, this is good news. Pachter saying this means that Sony will DEFINITELY make money on the Vita! :]

rainslacker4041d ago (Edited 4041d ago )

I'm kind of surprised this whole "Whatever Patcher says, the opposite is true" hasn't become an internet meme by now.:)

Also...is it just me, or does Patcher seem no better than any other random person posting on a forum. He's somewhat knowledgeable about the industry, but fails to look at the bigger picture when commenting. I don't think the guy is stupid...far from it...but really everything he says I can see here, and other forums, on a daily basis...often with more accuracy.

LordOfAdmirals4042d ago

patcher is hardly ever right. just put money on the opposite of whatever he says.

Good_Guy_Jamal4042d ago

They didn't make money on the ps3. Wouldn't be suprised if they didn't make money with Vita.

xXBlondieVanHarlowXx4042d ago

You really don't live up to your name do you Jamal?

Next time choose Common_Sense_Jamal as a name instead. At least then people will get an ironic chuckle.

Porcelain_Chicken4042d ago (Edited 4042d ago )

Do you not see the sign Blondie?

[Do NOT feed the trolls]
__________l
__________l
__________l

Please move along. Nothing to see here. :b

xXBlondieVanHarlowXx4042d ago

@PorcelainChicken

My bad Chicken, i didn't see it i swear!! lol

HiddenMission4042d ago

@jamal

How do you still have bubbles..you be trolling kid

PS3 has made money for what 3...4 years now something like that. Were not talking $200 a unit profit but last time I checked they were making $70 or so with each unit sold.

Only 3 things have held the Vita back from killing it in the mobile gaming market 1) No monster hunter...Sony dropped the ball here I'll admit that 2) Price still a bit too high for the average consumer and 3) New IP's made for the Vita that have mass audience appeal or ports of games that gamers want on the go...which they will get very soon...Japan support to save the day.

So if you are going to troll please do it right because you make yourself look like a clown when you fail on such an epic level!

Good_Guy_Jamal4041d ago

SONY lost 5 billion on the PS3. They've been making money since 2010 but nowhere near recouping their losses.
Heck they made 60 million during the last holiday season, the most lucrative time of the year.

They are still very far away from making an overall profit on the PS3 and I'll call it as I see it @Blondie if that's not displaying common sense then so be it.

Lvl_up_gamer4041d ago

@ Good_Guy_Jamal

Actually, Sony lost money in Q3 (holiday season) and only made 6 million in the gaming division during Q3.

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200°

Original Final Fantasy 7 - Is it Worth Playing in 2024?

Final Fantasy 7 has come back under the spotlight thanks to the release of Final Fantasy VII Rebirth, but is it worth replaying the original?

ravens529d ago

Got to Zacks part in 7 Rebirth. Said f it. Finishing my game in 7 og. Just got to part 2 yesterday. I also got Crisis Core... So it'll be a while before I'm back to Rebirth. I just keep thinking about it too smh, want to get back to playing it. Not till I know Zacks story though. I beat 7 og sooooooo long ago, it's crazy going through it again and remembering things.

MrNinosan9d ago (Edited 9d ago )

Got to Zacks part in Rebirth?
You mean you started the game and turned it off?
The game starts with Zack...

ravens529d ago

... Really 🤓 lol. His second part, I've played for 80hrs lmao. <---- PS5 Run time, probably not all game time. You guys know how it goes.

VIK21219d ago (Edited 9d ago )

Did you not ever play the OG FF7? After you recruit Vincent, later in the game, disc 3, return to that basement and look at the pod, there's a whole Zack story that'll trigger as a memory.... it's well hidden in the game and a lot of things regarding Zack are cleared up. FF7 Crisis Core is basically an extend feature of that hidden flashback... It took me years to discover it back then lol

https://www.youtube.com/wat...

MrNinosan9d ago

@ravens52
80 hours in Rebirth by doing everything, and you should've reached Zacks story about 5 times 🤣

ravens528d ago

Ye I kno that's y I said not all gameplay time. But also I am very anal when it comes to exploring.

ravens528d ago

Not to mention fighting Titan at his full strength. Hours spent trying still haven't succeeded. Found all 3 ruins but I'ma masochist when it comes to games.

+ Show (3) more repliesLast reply 8d ago
Barlos9d ago

Very much so. Graphically it's dated but the story and the gameplay haven't aged a day. It's still one of my all time favourite RPGs and for me is better than Remake in some ways.

Barlos9d ago (Edited 9d ago )

It always takes me back to Christmas 1997, I got it as a gift and I was blown away when I played it. I couldn't believe games could look that good. The combination of pre rendered backgrounds and FMV really made it stand out. It definitely still has a certain charm that modern games can't replicate.

I can't imagine people will still be talking about Remake and Rebirth in 27 years.

Tapani8d ago

Fully agreed. To me the atmosphere, pacing, gameplay and music are all better than in the remake.

Rebel_Scum9d ago

Yes, play this, skip remake, start rebirth for new players.

I_am_Batman9d ago

Skip Remake? That's terrible advice.

leahcim9d ago

Remake is so amazing, pure FFVII Love, play it on PS5 please! aww the graphics the battles, the music... a dream come true.

Rebel_Scum9d ago (Edited 9d ago )

I disagree Batman

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100°

9 Best PlayStation Vita Metroidvania Games

Uncover secrets, defeat challenging bosses, and upgrade your arsenal in these exciting Metroidvania titles on the PlayStation Vita.

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70°

"Class of Heroes 1 & 2: Complete Edition" is coming to PC and consoles on April 26th, 2024

"The London-based (the UK) indie games publisher PQube and Tokyo-based (Japan) video games publisher and developer Acquire, today announced with great delight and excitement that "Class of Heroes 1 & 2: Complete Edition", is coming to PC (Steam) and consoles (PS5 and the Nintendo Switch) on April 26th, 2024." - Jonas Ek, TGG.