This week Brian, Colin, and Steve discuss the bad news! Kaz Hirai gets a scolding, Phil Fish quits Twitter, and Nintendo loses a lawsuit!
Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."
That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.
As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.
And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.
They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -
INDIE Live Expo, Japan’s premiere online digital showcase series , will debut never-before-seen games & content updates across more than 100 titles on May 25th.
The good side is Playstation business is profitable for the company by large percentage but the downside is, the TV business and other electronics products are dragging them down due to tough competition with Samsung, LG and Apple..
Sony needs to sell their phone and tv business. Then put the money into playstation and movies
I hope these investors realize when Kaz took over, yes sony lost under Kaz but one year they did turn profit. Its not like these problems just started. Sony went from being worth 150 plus billion in 1999 to 17 billion now
This year they lost so much because of their PC division, which now they are selling.
Games division is making sony money
Insurance also making money
Movies making money
Music making money
Mobile making some but overall even
Camera division making money
TV's not making money and i know it sounds too crazy but if sony wants to Survive than maybe cut it out,
its not bad, in 2-3 years sony will be in a great spot to really expand. But if investors take out Kaz and put someone new than this process starts all over again