150°

Sony share prices drop 11%, biggest decline in four years

Sony's share prices dropped today by 11% on the heels of another quarterly loss. This is the biggest drop for the company since 2008.

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gimmegimmegames.com
animegamingnerd4088d ago (Edited 4088d ago )

just more and more bad news about this industry today ):

cloud4954088d ago

Yeah it sucks big time. Hopefully next gen announcements help the industry get back on their feet.

NewMonday4088d ago

As far as numbers go the plate should be clear for a better result next time after the money from the NY building sale kicks , and the biggest upcoming product should be the Xperia Z, after that the launch of the PS4. With the 2 products 2013 looks like a make or break year for Sony

joab7774088d ago (Edited 4088d ago )

i hope so. Its sad that it is everything but their video game comlany that is dooing poorly. Though i think their biggest problem is pricing and adverstising. Everyone knows about Samsung. Sony has TV's and phones that are great quality. But they are either too expensive or no one knows about them or what sets them apart. They dont understand the west like Samsung does. They should merge. They would be giant killers. Imagine the strength and resources allocated to the ps4.

G20WLY4088d ago

This is taken out of context for headline impact...

No mention of the fact that the share price recouped more than half of that fall almost immediately, as they often do, because that might lack sensationalism and cut potential hits for this awful website.

No mention of the fact that Sony shares rose by nearly 60% since start of year (11% drop after results announcement doesn't seem bad enough if you share that!) *source Reuters yesterday.

No mention of the fact that their share price peaked in 2001 (as was common at the time) - does that mean Sony has suffered ever since? Have we had a lack of software from Playstations? And were they poor quality?

Site is hit hunting with spin. GimmeGimmeABreak would be a better name imo lol

miyamoto4088d ago

gimmegimmegames.com is a low life site click bait site like Kotaku, IGN, MojoDojo, waste of time etc.

+ Show (1) more replyLast reply 4088d ago
4088d ago Replies(2)
Anon19744087d ago

What's that? The stock pulled back during a market dip after it ran up 60% in just a few weeks?

Get out of town.

whoyouwit044088d ago

Poor poor Sony, with all the talk of ps4 I figured their shares would go up, Guess Sony is still a sinking ship.I really hope all 3 companies can get it together and get the Industry growing again. maybe if there wasn't the idiots blind loyalties to to buying one companies machine and dogging the others the industry would continue to grow. don't get me wrong there is nothing wrong with favoring one machine over the other cause I make it clear i favor my 360 over the rest of my consoles but at least I own them all. There have already fan boys who just wrote the 720 off in favor of the ps4, but I really have to ask why? I plan on doing the same thing next gen as this gen and that is to own all 3 consoles.

4088d ago
majiebeast4088d ago (Edited 4088d ago )

Sony should just quit the tv business or find a way to lower the costs and price competitively to Samsung and LG( LG which make crappy and poor build tv's but price point is everything with the economy being in the dumpster). Sony is now firmly in the black though which is a good thing and is sure to post a profit in Q4, and the Xperia Z seems to get alot of positive response and hype.

Its taking time for Kaz to turn the company around after Howard Stringer but if anyone can do it is him, the man has a vision and Playstation is a keystone to that which is good news for gamers.

PS3 is gonna have a killer year compared to 2012, the game's industry in general is gonna have a much better year, then the very lackluster 2012. Which only had a few remarkable title's in Journey,Walking dead,Far cry 3 and Dishonored there are more but not many.

Good_Guy_Jamal4088d ago

How'd you figure they are back in the black? They made yet another loss this quarter. That Reuters article hadn't factored in taxes and other fees yet which why they reported just the operational income. In the end they were still 115 million in the red.
They are expected to pull out of it however through more job cuts and building sales.

G20WLY4088d ago

They already sold a building, which didn't make these figures.

I haven't seen any plans to sell more buildings or any other assets - and when did they announce job cuts? If you could provide a link, that would be great as I'd be interested to read that.

Lvl_up_gamer4088d ago

@ G20WLY

Sony Sold a building for $1.1 billion but used that cash to pay off $750 million worth of debt.

So how much help do you think that sold building is going to help them get back into the black?

Sony needs to stop the bleeding, not put a band-aid on it. Sony needs to generate more sales to offset their expenses. Job cuts are usually the first to happen since it would cost more to just stop producing products. When there are no more jobs to cut, then they start looking at their products.

If Sony can't get out of the red, expect job cuts in the near future.

G20WLY4088d ago

Lol thanks Levelup, you made my day! It’s in no way as simple as this, but okay, let’s work your numbers through and pretend there are no other impacting factors: 1.1bn (building)-750m (debt)-115m (net loss)=235m (in the black), does it not?!

And for the sake of adding clarity, my question was: “what other assets are they known to be selling and where were these impending job cuts reported?” Not: “might either of those things ever happen in the future?” lmao

I agree on one point though; these are not long term solutions. They are, however, common tactics to bolster results. The long term solution is, as you say, product development and sales – the former has just concluded a major cycle and who knows regarding the latter?

Share price is recovering today btw, but don’t take my word for it; google it. I’m sure we’ll see an article on that from this website too, just like they covered the 60% rise since start of year /s smh

mwjw6964088d ago

Sony tvs are over priced crap, they have been for years. Samsung, Sharp,Panasonic, and LG always have the best rated tvs year after year. Not a single Sony is mentioned.

http://reviews.cnet.com/273...

Go ahead look around Sony is 39th.

Sony is not in the Black. That Reuters article is explained by Good_Guy_Jamal.

4088d ago Replies(2)
Cocozero4088d ago (Edited 4088d ago )

No surprise the company as a whole is still in the red. Kaz said that the playsttion division whould save them but PS3 and Vita sales where lower than expected. Showing the ps3 still trailing the 360 by over 1.5ml and vita having its sales forcast cut again by 3ml.

If the PS4 doesnt take off it could be even worse news for Sony

Ezz20134088d ago (Edited 4088d ago )

where the hell did you get that ps3 still behind xbox360 by 1 million ?!

ps34 sold 76million
while xbox sold 75.9million
http://n4g.com/comments/red...
ps3 is tie or ahead of xbox360

stop reading vgcharts ,dude

vega2754088d ago (Edited 4088d ago )

$ony bundled the ps2+ps3 together to get 6.8 million shipped. which doesn't tell how much the ps3 shipped at all. so unless you have proof that sony shipped more ps3 or even shipped 6 million ps3 within the quarter. then it could very well mean that the ps3 is still behind. since we still haven't heard any from sony announcing that they are ahead of the 360.

ontop: this isn't looking good for sony at all. especially withthe rumor of the ps4 announcment coming in a few days. with this much loses i wondering if they can really afford to take a lose on the hardware when it does release or will they go back to the $500-$600 price range.

edit:i don't see how i getting disagrees when sony's own finacial report shows they combined ps2 and ps3 together and got 6.8 million for the 4th quarter.

Cocozero4088d ago

The PS3 was at 68ml at the end of the last quater. If you add 6.8ml to that its at 74.8ml. Thats the max the PS3 could be at but that would also mean that the PS2 sold nothing and we all know thats not true so thats why the gap is over 1.5ml :)

Lvl_up_gamer4088d ago (Edited 4088d ago )

"stop reading vgcharts ,dude"

Says the guy who is comparing "SHIPPED" to "MARKET SHARE".

Ezz2013....SHIPPED numbers are NOT MARKET SHARE.

VGchartz tracks SOLD TO CUSTOMERS = MARKET SHARE...you know, the numbers that actually MEAN something.

The numbers YOU are using are SHIPPED numbers, which hold ZERO RELEVANCE and are meaningless.

Ezz20134088d ago (Edited 4088d ago )

@cocozero
what the hell ?!...what world do you live in ?!
last quater ps3 was 70.2million ..not 68million
http://www.scoop.it/t/globa...

get your facts right and stop looking into vgcharts

and as for you
@vega275
ps2 numbers are at best 0.5 or 0.8million
while the rest are ps3 numbers
out of 6.8million
ps3 sold 6million and ps2 sold 0.8million
and BTW that the 3rd quarter for sony ...not the 4th quarter

vega2754088d ago (Edited 4088d ago )

please provide a link or proof as to the ps2 selling that low. cause i looked and can't find any. so unless you work for sony. i would gladly like to see that information since no one outside of sony has that info.

and i would like a link for the ps2 sales this year not last years figures or a few months ago. 4th quarter 2012 results please

you can pm me that if you need to...... i be waiting.

Cocozero4088d ago (Edited 4088d ago )

Lol i knew you would make that mistake. That 70ml announcement was made in November by Sony it WAS NOT what they where at when they announced their quarterly results (in Oct ) so they sold an additional 2ml during Oct to get to that.

Do better research next time, the is ps3 behind the 360 by over 1.5ml just accept that and move on ;)

@below
That report was just an estimate, do you really think Sony would give their finacial data out to a reaserch firm before their own investors? Serioulsy?

shikamaroooo4088d ago (Edited 4088d ago )

@Cocozero funny cause this report shows the PS3 ahead of the 360 by 1 million http://www.gamesindustry.bi... . Edit: mate its from 67 page report which costs $4500... You really think they would provide fake numbers? IDC have over 1000 analystys ...... Surely they would know more than you do

Ezz20134088d ago (Edited 4088d ago )

@Cocozero

again what the hell ?!

you said (and you were wrong)
"The PS3 was at 68ml at the end of the last quater"

the last quarter was 70million ps3's
that report was from sony them self

1st quarter 63.9 million ps3 sold
2nd quarter 70million
3rd quarter 76million

joeorc4088d ago

you are 100% correct.

Sony is the Last of the Three to give out and publish their Number's. at the end of sales Q2: sony was @70.2 million shipped. at the end of Q3: ITS OVER 76 MILLION
Pretty close I would say to 76.6 i would imagine, due to the last 3 year's prior to 2012 year sony has shipped 6.5 or 6.6 million for the Past 3 year's during that sales Quarter! what would change, demand lessning for the PS3? if that was true there would not be as much brisk sales if that was true.

the fact that in ever 3rd Sales Quarter since 2008 Sony has shipped over 6 million PS3's.the PS2 is no longer in production, so it's number's are not a larger number of those shipments.i doubt very much past 300,000 unit's!

the fact that, the three year's prior had Sony shipping over 6 million, does prove that with the damand for the PS3 has increased not waned in the past year, would show and increase or stable demand for the platform. so which is more likly to happen, Sony ship's more PS2's than the damands for the PS3 right now? they just stopped production on the PS2 completely during the 3rd Quarter!

I would understand the doubt of the PS3's number's if there was a deep reduction for demand of the PS3, but here it is 2013 and still selling world wide more unit's at a faster rate than the xbox360 in a shorter point of time. Microsoft had over a 1 year heard start and Had at one time over a 8 million unit lead. YET SOME EVEN ADMITTED WHO DISAGREED WITH YOU SAID IT'S 1.5 million still in xbox360's favor. that number is sale through data, which no one can know outside of the companies themselves, those are guess, not a fact, shipment number's is the only real way you can get a accurate number because sample sizes are still a guess. its not a fact.

the fact's are the xbox360 has shipped over 75 million!

while the PS3 has over 76 million shipped!

these are the fact's based on both Microsoft and Sony's shipment number's.

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280°

Sony Taps Bungie's Head of Revenue to Lead Live-Service Games

Sony has recruited Bungie's head of revenue Jaremy Rich to head up its live-service gaming division, Rich has announced on social media.

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techraptor.net
ChasterMies15d ago

Please do not put Destiny’s monetization into Sony’s first party games. The monetization is what’s driving players away from Destiny.

just_looken14d ago

The new temp boss is the sony cfo bean counter so i can see this being a thing get every penny.

Cacabunga14d ago

PlayStation officially losing it.. fans will never support gaas games

just_looken14d ago

@car

The new boss did a interview in japan he wants to tap into the mobile market like nintendio so he give 0 fucks about gamers/fans

https://www.pushsquare.com/...

Redemption-6414d ago

@Cacabunga
You only speak for you and those who think like you, but most fans will support what they want. Playstation and PC fans are literally supporting Helldivers 2 and that is a gaas. Maybe you wouldn't, but many more would if they like it.

Huey_My_D_Long14d ago

@Redemption-64
Look, Im not making any judgement calls about this guy, but I will say that Helldivers 2 GaaS model is unique to Helldivers, and legit the only other game I can think of thats similiar was the Avengers game except HD2 pass is still better.
The fact that you can earn in game currency in a way that doesnt make you feel like you have to grind forever, as well you being able work on that pass that you bought...on your own time without a time limit...that right there is fucking huge to me, and I can't name any game other than avengers that avoided trapping players with FOMO logic...I think GaaS on HD2 shouldn't be compared to the rest of the industry...it should be copied.

Einhander197214d ago

Cacabunga

Helldivers 2...

Redemption-64

In Europe it's a 60 40 split favoring PC.
In the US its a 60 40 split favoring PS5.

So PlayStation owners supported the game just fine, it's not getting carried by PC or anything like that.

FinalFantasyFanatic14d ago

@just_looken,
I'm perfectly fine with the way Nintendo entered the mobile market, I never touched their mobile games, meanwhile, the console/handheld stayed the way it is. As for being a bean counter, he's probably going to reel in these massive budgets that Sony's studios have had lately, I haven't played Spiderman 2, but I cannot see how they almost tripled the budget for that game.

@Redemption-64,
That's an exception to the rule, I'm expecting a lot of these GAAS games from Sony to fail, to be fair, they only need a few to succeed, but I would have preferred that they put more of their resources into other types of games.

+ Show (3) more repliesLast reply 14d ago
DivineHand12514d ago

True their monetization is driving players away and at the same time, their decision to chop out content and convoluted systems is keeping new players away from the game.

Joe91314d ago

I don't think that will happen based on how things worked out at Naughty Dog now that we know what we do, seems they had the option to fully commit to live service games or stay making single player experences so they gave up on their live service game. We are not sure how things came about with Bend making a live service game but I hope that was not a forced situation. Sony doesnt seem like they are forcing studios to switch up but we will see, Sony's bread and butter is single player games it is how they dominated the console market.

Obscure_Observer14d ago

Yeah, I though Sony learned something from all their failures in the LS segment under Bungie´s disastrous leadership and supervision which led to games been cancelled, studios closed and all the people laid off.

Looks like Bungie still plays a major role in Sony´s LS initiative and Sony is not backtracking on their GaaS plans.

S2Killinit14d ago (Edited 14d ago )

Are we forgetting that Destiny is also a highly successful franchise? I feel like that definitely deserves mention here.

Besides, there is no reason why a person cant learn from past experiences.

Joe91314d ago

I agree, people act as if Destiny flopped when it came out lol it took 9 to 10 years for the numbers to fall yet people are still playing it add the success of Helldivers 2 no wonder Sony is going forward down this path.

S2Killinit14d ago

Personally, I see no problem with Sony also having service games as long as they make good ones, and more importantly they deliver the AAA story driven games that they are known for. So yeah, I agree 100% with you.

+ Show (2) more repliesLast reply 14d ago
Christopher14d ago

I mean, this person made some pretty bad decisions at Bungie. I hope they've learned from them because I definitely don't see those type of ideas as good for PlaySation in general.

CrimsonWing6914d ago (Edited 14d ago )

Honestly, what’s to learn from? How to make people happily continuously dump money into a single game over its life-time? Buy season passes continuously for several years with a smile on our faces?

GaaS is a design decision that is everything wrong with this industry. The fact that Helldivers 2 did so well and people defend the monetization because it was $40 and is a fun game, scares the sh*t out of me to see that the door is open and all shift will probably be to replicate that in future games. We already know the ROI for traditional game dev cost isn’t doing it for them.

I thought with Jimbo leaving we’d see a change for the better… I’m not so sure now.

S2Killinit14d ago

Service games are being offered by everyone. Sony cannot afford to only create single player AAA games. No one can. They already said they will be doing both.

Abnor_Mal14d ago (Edited 14d ago )

Ps5 gamers in 2023 seemed to play more live service types of games, so regardless to how people feel about them, numbers don’t lie and Sony is going where the money is. I mean look at the excitement around Helldivers2, people are showing that they want live service games.

Christopher14d ago

They play long-time existing live service games like CoD, Fortnite, Apex Legends, Destiny 2, and the like. Mass majority of new live service games are considered failures and aren't moving gamers away from older games.

just_looken14d ago

Yep the huge issue with live service is they need paid players along with a reason to play them.

You forgot mobile market that also taps into that player base as well as the eve online style games there is only a certain amount of krakens/whales blind supporters compared to the amount of live service games we have its not sustainable math wise.

700 restaurants making food for every seat for 1000-3000 eaters just does not work out

Einhander197214d ago (Edited 14d ago )

Christopher

I am not a big live service fan and literally own zero of the games you listed, but that is not true, unless you call games that aren't the top games to be failures.

There are tons of live service games that are profitable.

Games don't have to be the biggest game ever they just need to make more than they cost.

I challenge you to show professionally prepared data that shows that more live service games fail than make enough to keep going.

Because all the data that I have seen shows that live service is less of a gamble than making a big AAA budget game which needs to survive off retail sales.

FinalFantasyFanatic14d ago

I sometimes wonder if we're at saturation point, where it's hard for a new game to join those ranks unless it's particularly exceptional, people only have so much time and money to devote to these types of games.

romulus2314d ago

Correction, they have no issue playing good live service games

shinoff218314d ago

Lol it's not even a quarter of the ps5s sold. Helldivers may have been a hit but let's not say most are enjoying it because truth is most(the real most ) don't care about it.

S2Killinit14d ago (Edited 14d ago )

I play what is fun. If a live service game is good I’ll play it as long as its not a money scheme which Helldivers is not.

And Im a single player gamer.

mastershredder14d ago

How do you kill a franchise that already been killed?
Destiny’s grind, cash-in-on-playbass-cha-Ching, and pop-culture-insertion mainstream-me-too bs totally killed any rep Bungie had. Sony/Bungie, if you are doing this to ward-off players, it’s already working.

crazyCoconuts14d ago

Headline truncated:
"... off a cliff"

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80°

Sony May Soon Let You Decide How Much NPCs Talk In Games

Sony has patented to add multiple dialogue modes to let players switch between how many conversations with NPCs they want in the game.

blackblades20d ago

Sony is like the only ones outta the 3 that has atuff like like this pop up changing thing in ways.

just_looken20d ago

Sony in the past has always been first at bat with new ideas/tech but in the end never fully use it or just toss it away.

blackblades20d ago

I think they did use some but yeah most usually never happened but at least they thought about it. Sony seeks things like this and other, Nintendo seek different ways of playing going by there different controler designs and console designs.

just_looken20d ago (Edited 20d ago )

some of the other stuff sony want's/owns never used
https://gamerant.com/sony-p...
https://gamerant.com/sony-p...
https://www.eurogamer.net/s...
https://metro.co.uk/2023/03...
https://decrypt.co/114754/s...

monitor/adjust game difficultly as you play
https://www.techradar.com/g...

Sony nfts
https://www.theblock.co/pos...

Pay ai to play the game for you
https://thebusinessofesport...

Oh all the above last 12 months

I just imagine a evil scientist with test subjects when it comes down to sony recent patent reports.

Kaii20d ago

Will we get dialogue options that won't spoil puzzles in a matter of seconds? :p

280°

Judge rules in PlayStation's favour in $500m patent infringement lawsuit

Genuine Enabling Technology was seeking damages, claiming the tech allowing PlayStation consoles and controllers to communicate infringes its rights.

Read Full Story >>
gamesindustry.biz
S2Killinit22d ago

Big victory for Sony. And a long time coming.

DarXyde22d ago (Edited 22d ago )

Crazy to think the savings from this lawsuit allows them to develop one AAA game.

Make it Bloodborne 2, please and thank you.

22d ago
Profchaos22d ago

Sounds like patent trolling they tried the same thing against Nintendo with the same pattern.

Motion and control input traversing over higher and lower frequencies seperate from each other allowing the controller to do both

Pyrofire9522d ago

Patents suck. Most of them are complete garbage.

Knightofelemia22d ago

So to recoup the money Genuine is going to take on Nintendo or Microsoft next. I hate patent lawyers they are some of the worst bottom feeders out there.

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