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Sony debt rating lowered near junk

Moody's drops long-term bond rating to lowest investment-grade class; TV losses and declining PSP/Vita sales cited.

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LX-General-Kaos1743d ago (Edited 1743d ago )

That is not good at all. Hopefully something is done about this quickly before it is too late.

Not quite sure if the TV division can be saved at this point. Lets just hope Sony's fortune changes in the gaming division, specifically hand held with the Vita. Which had seen some of its lowest sales numbers in its career in Japan since launch. Moving under 5000 last week in its home region. Though I am sure Sony has a plan in place to change their misfortunes.

On a more positive note. The original PSP seems to still be selling a decent amount. Even more than the recently released Vita many years into its life span according to recent charts. There is still money to be made in that regard.

Rated E For Everyone

profgerbik1743d ago (Edited 1743d ago )

You live in Japan? You been to Japan and seen the hideous games they love?

Why care about what sells in Japan if you don't live there? I know I sure don't and Japan is not some standard for gaming anymore.

They used to be but not anymore. Their taste in games has sadly not changed at all since Nintendo was first released. So I could careless what they think or let alone what is selling there, they are becoming crazy but everyone is becoming more easily taken advantage of and less aware of anything they actually spend their money on.

Also what is hurting everyone in gaming right now is these stupid IOS games and Android games and most developers are cashing in on these easy to make games while paying no attention to consoles or handhelds anymore.. Plus people have become idiotic casual gamers who play anything remotely decent and call it amazing like Angry Birds..

Don't believe me ask Nintendo...? They sell the most in Japan and are still hurting just as badly as Sony if not worse.

They are reporting losses literally close to 1 billion just late last year.. simply because just like America is obsessed with smart phones and tablets for some crazy reason, Japan is now becoming the exact same way and it is hurting gaming entirely is what none of you seem to understand.

Instead every idiot focuses on Sony instead of looking at the big picture. When Windows 8 is trying to move to tablets and change computers to tablets.. That is the point.. everyone is trying to adapt to this stupid era we live in currently where smart phones and tablets are thought of to be the most amazing devices on the planet right now.. which they are far from.. it is almost like we are going back in history with these stupid devices and starting all over, discarding everything else people worked a built foundations for like consoles, handhelds and PC's.

They might not have a track history like Sony simply because Sony has always focused more on the U.S. than Japan and they have more gaming divisions here and only like two in Japan so their sales are never going to shine in Japan get over it, none of that even matters right now when everyone is suffering from these changes.

I don't blame them if they stuck around and made the games Japanese people only liked, Playstation would be in far worse of a situation than they are now not even selling anything anywhere else either.

You people who disagree obviously don't understand a lick of business.

icewater851743d ago

That statement about their taste is completely wrong in regards to it needing to change. If that were true we would not be getting so many re-releases of older games. There certainly wouldn't have been as big of a fuss as it was about PS1 games not being on the Vita.

omarzy1743d ago

I don't live in Japan, but i care and you should as well. Maybe you forgot, but 2/3 of home consoles and 100 percent of the dedicated handheld gaming come from Japan. What do you think happens when Japanese companies cannot sell product in Japan? You think they will just say oh, well lets just focus all resources to shipping our products overseas so we can get bitten in the ass by currency exchange and lay off all our Japanese devs because they are not needed anymore.

How can you possibly not care about how well Japanese product does in Japan just because you do not live there.

chukamachine1743d ago

Never really been into japanese games, not saying they are bad. Just not my thing, well most of them.

Obviously GT5 and some others, mainly racing games for me.

But Sony should really be pushing the PS3/VITA like mad over there.

Wii is dead, getting in before wii u.

Gr811743d ago (Edited 1743d ago )

Wow. That was one of the worst uninformed, intellectually lacking, borderline offensive ranting post I've seen here in a long time. Congratulations!

But you are greatly mistaken. Especially if you think Nintendo is in worse financial shape than Sony. If you really believe that then it is you sir that knows nothing of business.

Japan gaming tastes may differ from yours, so? Sony's problem is more than that because Vita's aren't selling well in any region. Since this gen launched Sony has lost billions upon billions of dollars. They went from a net worth of what? 100 billion dollars in the 90's early 2000's? To having a net worth less than Nintendo, a much much MUCH smaller company.

Sony is in trouble, big trouble and no amount of ranting or raving will change that. Economic conditions, bad business decisions have compounded Sony's dire predicament. You sound like the Sega fanboys before Dreamcast launched.

Sad.

bintarok1743d ago

"...and the explosive growth of smartphones is cannibalizing demand for Sony products like cameras and the PlayStation Vita." -2nd paragraph

To many, it is almost unreal to see smartphones becoming so powerful and more focused for personal entertainment, beating dedicated devices even at higher prices.

iDon't wanna be judgmental at this point tho.

Hydrolex1743d ago

guys, please stop writting Essays, we don't have time to read them :0 !

Flavor1743d ago

You spoke an inconvenient truth, the consumers cannot understand you.

Most gamers are passive thinkers with low aggression and even lower insight, the type of people who miss subtle humor and are incapable of thought not based on ingrained emotions.

They are the kind of people that allow a drug addict friend to destroy themselves then ask 'How could this happen?'. So naturally they disagree with you, prof.

GribbleGrunger1742d ago (Edited 1742d ago )

Why the hell are people disagreeing? Come on, think about what he's saying here. He's not attacking anyone personally, he's got passion and he can think intelligently... or is that the problem?

'it is almost like we are going back in history with these stupid devices and starting all over, discarding everything else people worked to built foundations for like consoles, handhelds and PC's.'

He's SPOT on there. Can't you people see how this industry is going backwards and calling it 'forwards'? How far do we need to go backwards before people see the obvious? Stop reading the script and playing to the camera people. THINK FOR YOURSELVES.

profgerbik deserves respect.

HardcoreGamer1742d ago

i think you made 100 percent sense. but unfortunatley, we are heading in this crap a%% Era of change. you wont see uncharted , halo, or even gta soon. ppl will make dance games angry bird sequels. and put people on fast track lives, they dont understand but giving in

SegataShanshiro1742d ago

because he is a Weaboo, he wishes he were japanese

kopicha1742d ago

@profgerbik

you are an extremely selfish dude. so the rest of the world should not care even if your country explode out of this planet? Because we dont live there. Please....

pixelsword1742d ago (Edited 1742d ago )

profgerbik is right, and I'll simply prove it:

He's basically saying that a device that couldn't handle a game from the PS2 era properly is taking over.

So, those who disagree, how is he wrong, or is that statement wrong? Do these phones in fact possess as much power as the PS4 and nextbox 9before we even know what they are?) How about the current consoles?

At any rate, people who never lived through a one-console dominance like the NES era never had to endure the horrors of what one console could put devs and gamers through.

Imagine if every game for a gen or two were nothing but sequels.

Imagine if you had to pay a monthly subscription.

Imagine that every game was forced to not have multiplayer or it wouldn't be made.

If the industry makes a big slide towards one console, the first thing that will be stopped will be the next gen, as the less-powerful games will dominate, so every next-gen game will be put on hold, which means that developer staffs will likely be cut, which adds to the problem.

Which is exactly why this gen lasted as long as it has. It's a symptom of a much bigger problem.

t0mmyb0y1742d ago

What ever happened to comments that weren't novels?

Realplaya1742d ago

So if I like red and you like blue i'm an idiot?
The truth is we need japan just as much as they need USA But we shoun=ldn't knock others taste. That makes you sound like the idiot.

miDnIghtEr20C_SfF1742d ago

I'm going to remember some of these names when NPD numbers come, and the guys that say, ya but what about Japan? They're going to be the same that in here say Japan doesn't matter.

:) Can't wait.

AsimLeonheart1742d ago

Your opinion about Japanese preferences is very narrow-minded. You need to understand cultural differences and preferences. America is not the central of the world and nor their tastes are the best or absolute. Western obsession with shooters, space marines and crime based games probably seems just as silly to the Japanese. In the end everything is relative when it come to culture so you cannot say they need to change.

+ Show (13) more repliesLast reply 1742d ago
nukeitall1743d ago (Edited 1743d ago )

That article had so much bad news, it is amazing the darn company still operates. Sonys best division are the gaming, and digital imaging, but this doesn't sound good either:

"The service noted that operating profits from Sony's digital imaging and games offerings were down 60 percent for the first half of the fiscal year, and it only expects that decline to worsen."

It is rapidly heading towards "too late", and this is just the first nail in the coffin. I can't believe Sony is deteriorating that fast though. Stay alive because we need you to keep competition in the market, even though you are putting up pretty weak competition right now.

DigitalRaptor1743d ago (Edited 1743d ago )

Putting up pretty weak competition? coming from the Microsoft fanboy, this is no surprise statement. Do you mean sales, or games? maybe so on the Vita front, but Sony is not lacking on any of those fronts otherwise so....

Looks like the doom and gloom will continue, but i bet in 5-10 years Sony will still be here building consoles and making games. Sadly people only concentrate on the bottom line, and neglect advances in other areas and investments and behavior that will shape their future growth . Think Gaikai and the next gen PSN.

nukeitall1743d ago

@DigitalRaptor:

I won't bother mud-slinging regarding your fanboy comment, but will point others to your comment history for reference of who the fanboy is.

"Think Gaikai and the next gen PSN."

If Sony can't get their ass in gear with the current PSN and the only real update is a long time coming with the PS Store I have little hope.

Gaikai whom is a competitor to a basically bankrupt company called OnLive. You know the biggest player in that market? Doesn't that tell you something?

All the Japanese titans are deteriorating fast including Sharp, Panasonic and even Sony.

I hope they stick around, because they all make some great products.

"Do you mean sales, or games? maybe so on the Vita front, but Sony is not lacking on any of those fronts otherwise so...."

Competition statement meant overall not just gaming, but for a company that used to dominate the industry and has the record for most sold console just this last generation whom now is on par with a weakling like Xbox it begs the question and where the company sits now.

XabiDaChosenOne1742d ago

@Nuketail What other major updates to the PSN could Sony offer right now that would be relevant? It's 6 years into the consoles life cycle, Sony is not loooking into over hauling the PS3s Network infastucture this late in the game. Besides, there is no need to. PSN is an excellent service.

Also, what was the point of bringing up OnLive, what vague message are you trying to portray here? Regardless of you inane and irrelevant reference I'll tell you something right now. You would be a fool to lose hope in PSN with the direction Sony is taking it. Than again you are a 360 fan so your "hope" is irrelevant but I digress, with PSplus, Gaikai, and the PSvitas PSN infrastructure as a blueprint for the PS4 (free cross game chat FTW) Sony is set to make headlines with PSN next gen which is fortunately right around the corner. It's inevitable.

Myst-Vearn1743d ago (Edited 1743d ago )

Damn Sony need to do something about their failing business and quickly

layoffs alone will not do it, they need to increase their revenues

Jihaad_cpt1742d ago

Who would trust rating agencies anyway? I mean they completely missed that American economy would collapse? That was a much bigger oversight than Sony

profgerbik1743d ago (Edited 1743d ago )

@omarzy They haven't been for years so what is your point?

My point is that Sony has separate divisions all over the world and if worse comes to worse they wouldn't need Japan to stay in business.

If they only needed Japan to stay open, I guess every business they own would be based in and heavily rely on Japan's perception of gaming is what you don't understand, clearly it doesn't.

Yea it would hurt but you are honestly off your rocker if you think Japan is holding any of these people down, if anything it is holding people back because people like you who love to recite the sales sheets you see that come from Japan.

What are these devices only allowed to be made in Japan? Of course not, they could easily move their companies here and keep making them.

The fact still stands it is completely idiotic people focus on sales in a country that isn't affecting anything as far as we see in gaming on our side.

I never said all Japanese games suck or their taste is always the worst, I am just saying all you have to do is visit Tokyo once in your life to see the vast differences in taste Japan has game wise compared to any other place in the world. Games that would honestly never sell any where other than in Japan, that the Japanese love and are very popular there still.. as Japanese also hold onto older systems..

I mean look at what is still popular in japan, usually older games from older systems still.

From a business perspective you need to find the perfect demographic, Japan is not that anymore in terms of gaming. Sony has done better in other places for a long time now hence why they don't focus on the Japanese demographic too much as they shouldn't..

They have a very niche taste in games there and those games just would not sell here or anywhere else well at all because they are so weird and not anything anyone else expects to be normal other than people who probably live in Asian regions.

slazer1011743d ago (Edited 1743d ago )

If its doing so bad why do I see headlines like this?

http://www.reuters.com/arti...

Edit: how in the @!#& do I get a disagree for asking a question. You people are pathetic.

SilentNegotiator1742d ago

EIGHT bubbles? That's disgusting considering that all you do is troll. What happened to this website??

bubblebeam1742d ago

"What happened to this website??"

I know. I always turned to N4G in times of trouble, seeking greater knowledge and wisdom. It's those damn dirty apes I tells ya /s

SilentNegotiator1742d ago

Oh can it. This site was never so bad that the biggest trolls had 8 bubbles.

pixelsword1742d ago

@ LX-General-Kaos

Moody's isn't a worldwide standard; this is also an opinion, just like Patcher's opinion: you take it or you leave it.

Axecution1742d ago

Honestly without numbers to back this up, this entire article is meaningless

+ Show (5) more repliesLast reply 1742d ago
ylwzx31743d ago

Not trolling.. Sony would be better off as a company if they exited the console business. It seems like they never make a profit unless I am just missing something.

Chitown712911743d ago

I wouldnt say that, I just think this is their reconstructing year. It took Sony a little over 5-6 years to get in the position they are in now. Its not going get reconstructed and up and running overnight. PS4 will be there saving grace I believe. Imo gaming is their biggest business at the moment, followed by there movie industry. Sony has so much stuff under them, that I dont think they will ever fully go out of business. It just wouldnt make sense. Sony will rise again, theyre just in the rebuilding process, give em time.