DAN SEITZ:
I don’t enjoy writing articles like this. I own a PS3 and I actually think Sony did a lot right this console generation once they got past their disastrous launch. I was deeply skeptical of the PS3 when it first launched and then Sony turned around and made a console that was easy to fix and had a lot of streaming apps.
On the other hand, sometimes you have to read the writing on the wall. The PS Vita has officially become an albatross around the company’s neck, with it and the PSP combined selling a whopping 1.4 million units worldwide last quarter. That alone was enough to drag the gaming unit to a $45 million loss this quarter.
This is just the start: Here’s why.
Mass Damage & Consumer Foundation in the Netherlands has filed a class action against Sony for inflating PlayStation Store prices.
My personal opinion:
Manufacturers and publishers have indeed inflated the industry.
From $700 million development costs for games like Call of Duty, to digital (store) prices for games and DLCs, online multiplayer fees on consoles (why can you play Helldivers 2 online for free on PC but not consoles?) or still preventing sell/lend digitally purchased games.
Sometime in the future, this bubble will collapse.
They should know better, but they just can't help themselves and suck even the last penny out of our wallets.
They should be suing the individual publishers increasing the prices to $80 instead of suing the store. There are plenty of publishers still selling game for like $50 with much success (like E33). But this proves that the publishers are the ones setting the prices.... so again nothing changes because they aren't even going after the main offender. How is suing Sony going to make Microsoft not charge $80 for the next COD? Sony being the number one store in the market doesn't mean that publisher have to charge us an arm and a leg. Again the industry is laughing at us because consumers never get real representation. Just these fake platitudes that are meaningless.
About time. There is zero fair reason why digitally distributed products that you cannot recoup any value when you want to dispose of them, should be priced higher than that of physical copies that entail all of the costs and the benefits of owning.
Sony CEO Hiroki Totoki and CFO Lin Tao talked about the state of the PlayStation business and the strategy and targets going forward, including how they're responding to the tariffs.
Sony announced its financial results for the fiscal year 2024, and things are certainly looking up, despite a decline in PS5 sales.
If their profits fall next quarter, we'll probably see more price hikes. I can't imagine having to pay £20 a month for PlayStation Plus.
Decline in hardware sales.
Behind on lifetime sales and decline in first party sales.
Third party content and PSN came through to save the day.
Things will improve starting with the next Ghost game.
Hopefully a steady flow of first party content by end of '25
How do you know the ps4 will be sold at a loss? Do you have a time machine? if so, can i borrow it? I would love to see a t rex and how gaming will be 3000 years from now. Not to mention our sun become a red giant, do you have access to that far in the future?/s
You mean like how the PS3 was supposed to be toast and the PS1 was supposed to be toast? Why the rush to say why the PlayStation will no longer exist? And why bring up Microsoft as a factor? Microsoft's products are always second to something else. What makes this person think that they could ever compete with Apple. They can't even make a decent phone or MP3
I always love articles that start how much the person likes something only to turn around and smash it.
This will sound like heresy to most but Sony and Microsoft might do better together. Their combined pool of IPs on one console would be enough stop Apple from getting in on the act.
Nothing is more important than stopping Apple.
Another "PS3 is dead" article? Very original... Not giving a hit to the author.