GC - "Sony has released its financial results for fiscal year 2012 today as expected and they’ve made a profit."
First profit in five years. Back in black! Things will only go up from here.
And just made a profit in the games division despite a console launch coming. That's quite a feat.
good news.. PS3 continues to sell and as the articlesays it will cover some of PS4 expenses. E3 will be awesome this year cause Sony are happy :) Jack Tretton will be on fire!
Great new keep it up Sony, you had fallen but now it's all about the rise from here As your loyal fans we are here, please don't be arrogant again like you were at launch with ps3. Be humble and give us great content and verity which you are known for
@mynd, I think they made a profit a while ago. I remember seeing in the previous or the one before the previous that most of the profits in the division went to R&D. I think the cost of research for the PS4 is complete, now sony needs to worry about the development of the system from here out.
Since PS2 was discontinued Jan 4, '13, FY13 10mill sales are all PS3? https://en.wikipedia.org/wi...
I believe both the PS1 and PS2 made profits as their successors were announced and launched as well.
So that means for this gen. #1 PS3 #2 Wii #3 360 PS3 still selling for the coming 3 years. So its obvious easy selling over 90 million . Wii hardware is really to outdated to sell 1 year more. 360 is already so cheap it can not be sell for $50 so I gues it will be discontinued once the next box come out.
@SHORYUKEN Seriously? you think the PS3 is going to outsell the Wii this gen? I don't think there's any chance of that. Also, even if it did, the PS3 will never earn Sony a profit on the level the Wii achieved for Nintendo. There is already a clear winner this Gen and it's Nintendo. In terms of Sales and Profits, they have demolished both Sony and MS this gen As for the 360, it will likely stay in production for some time after the next xbox system launches. Especially in America where it has nearly a 15 million unit lead on the PS3 and is only about 2 million units behind the wii. I don't agree that the PS3 will "obviously sell over 90 million". in 7 months a new console will be released and the PS3 will become obsolete. (as will the xbox) at that point this Gen will be practically over.(even if the PS3/360 are still on store shelves) Selling 20+ million more consoles will be possible, but with the forward momentum of the 360 and Wii, (even if the wii is not moving at top speed) I doubt positions are going to shift to a great degree before this Gen is completely over. But like you, I'm only offering speculation here.
PS3 Unit Sales (Unit: Million) Code: HW (Ap-Jn) (Jl-Sp) (Oc-Dc) (Ja-Mr) FY LTD FY06 - - (1.7) (1.8) 3.5 3.5 FY07 (0.7) (1.3) (4.9) (2.2) 9.1 12.6 FY08 (1.6) (2.4) (4.5) (1.6) 10.1 22.7 FY09 (1.1) (3.2) (6.5) (2.2) 13.0 35.7 FY10 (2.4) (3.5) (6.3) (2.1) 14.3 50.0 FY11 (1.8) (3.7) (6.5) (1.9) 13.9 63.9 FY12 2.8-PS2 3.5-PS2 6.8-PS2 3.4-PS2 16.5-PS2 80.4 - FY12 PS2 ----------------------------- ------------------ Since people are now skeptical of PS3's hardware numbers. If you look @ Sony Q3 reports each year since 2009, you'll the trend of at least 6 million. Sony ps3 has been selling that since 2009 well before the infamous +ps2. http://www.scei.co.jp/corpo... You'll see that from NOv 16 '06 - Mar 31'12 PS3 sold 63.9 million. Now add Sony Q1,Q2,Q3 (Apr 1st 2012 - December 31st, 2012) 63.9 + Q1(2.8) = 66.7 66.7 + Q2(3.5) = 70.2 70.2 + Q3(6.8) = 77.0 million at the end of 2012 IDC reported this Jan. 8th 2013 http://www.gamesindustry.bi... Quote: "The report also highlights that just this past December, Sony's PS3 managed to surpass the number of Xbox 360s shipped worldwide (about 77 million vs. 76 million), despite the PS3 launching a year later." 77.0 + Q4(3.4) = 80.4 million ps3's sold. I did everything for you. Like I said ps2 are not added to the equation. Who are you going to believe? IDC (multi- million dollar analyst firm) or some xbox guy refusing to accept reality.
PS3+PS2 = 80m how many PS2 Consoles are sold? guess alot, still can't beat X360 Good to know gaming is doing good even IF it's seems like the majority wants a world dominated smartphones...
@Muerte2494 Sorry, I didn't mean to say "I don't agree that the PS3 will "obviously sell over 90 million". Not sure what I was thinking there. I DO agree that it can achieve 90 million, But I DON'T think it can outsell the Wii before this gen is over. Not with the Wii still selling, even if it's not selling gangbusters, it still is inexpensive and has forward momentum. 80.4 million ps3's have not sold. That's how many have shipped. Shipped and sold are not the same thing. Shipped = the number of consoles that have been put on retail shelves. That number counts millions of units on store shelves currently around the world. Shipping numbers just don't count. Assuming that because Sony has sold an average of 6 million units a year since 2009 that those are then numbers they're selling this year and for the next two years is silly. So I'm not really going to talk on that. But I will say this, the PS3 is not the PS1 or PS2. it will not continue to sell like those two did after their successors were launched. Especially without a proper price drop At this point in their lifespans, the PS1 was $99 and the PS2 was 129.99 (after 7 years on the market respectively) The PS3 is still $250 and to top that off, I don't see Sony continuing support for another 2 years after PS4 launches. But I guess only time will tell. Like i said, I'm just speculating.
Profit isn't from business improving, but mostly due to valuable property sale during a bad economy. "The company has made $458 million in net income for FY 12 mainly due to sales of assets." Sony sold buildings worth billions and that is reported as income. You want to look for signs the business itself is improving, such as lowered manufacturing costs and higher sales and not taking money out of your piggybank, but even that isn't good because the money couldnhave been worth a lot more. Basically it isn't good to sell you buildings in a down market, because you have to raise cash to save the company especially when you likely can get more for the building later and you turned an asset into a higher expense because you have to lease the building back. In short, this is actually negative news. Also this could be to general decline, but could be due to devaluing software and cannabilizing sale due to PS+: "Sony shifted slightly less software this fiscal year compared to the last one..." Typically you should have increased software sales due to enlarged user base, but there could be other factors.
They basically sold their building yet are still using the building or something KAZ has started to do a lot right, he is reaching down to people below his position for ideas and is more open as the head of Sony. Playstation brand has been a success for a while, they don't loose money because of gaming or movie division, it's their TV sales which brings everything down Also I think they have 10 or 20 plus billion I think in cash but I could be wrong, I think that's the number patcher provided few months back Also Sony was and in some aspect still struggling due to yen to dollar exchange rate But to say Sony hasn't improved in last 6 months is just flat out untrue, are they totally out of red or he'll no, but when you in in that deep of losing money it takes some long term planning and vision to come out of that and I believe KAZ is the right man for the job
From a business standpoint you're totally correct. But Sony needs that money to finance the R&D, the production and the marketing costs for the PS4.
Property is not a down market right now, selling their New York office made them a lot of money. Sony aren't on the property business, so it's not an important part of their portfolio. Sony stock is at a 52 week high right now. I've not bought into it because I think their TV division is still a crock of shit, and that their phones/tablets still won't compete with Samsung. But these recent results are a positive.
They sold all their buildings at a pretty big profit. Ofcourse software sales are down genius, 2012 was a terrible year for gaming and Sony had a B line up, 2013 is gonna be a whole lot better. You always look for the negatives in any Sony related article. Funny how you never do that with Microsoft articles. Microsoft and Nintendo fanboys are out on a rampage anyone who says something positive gets disagrees.
Leave it to you to spin a good news into a bad one
A 360 fanboy spinning good news about Sony into bad? I am in total shock as this individual has never done that before. /s The title of the article is about sales of consoles, who the hell cares about buildings. Way to go Sony.
"As part of the restructuring process, the firm has sold key assets over the past few months, including its US headquarters in New York and some of its shares in M3, a medical research and marketing firm. The firm has also offloaded its "Sony City Osaki" building in Tokyo. Sony said the sale of all these assets had resulted in gains of nearly $2.5bn during the last financial year - and the figure contributed to the rise in its earnings during the period. Analysts said that given the impact these sales have had on its profit - the numbers were not a true reflection of the firm's success. Gerhard Fasol of Eurotechnology Japan said that these gains "really need to be subtracted from the results, to understand the regular operating results. Mr Fasol pointed out that the firm's results indicated that its electronics division continued to struggle and that the unit had not been turned around yet" Well after selling all those assets I would expect Sony to see a profit -_-
Only in nukeitall's anti-Sony fantasy world could making sound real estate transactions that make the company hundreds of millions of dollars be skewed as a bad thing. I suppose you're also still in denial with the PS3 sailing past the 360's total months ago. (Edit: I just noticed your post below where you're doing exactly that! Priceless!) It's clear to everyone but the anti-Sony zealots that Sony's restructuring efforts are slowing bearing fruit. Everyone out there knew it would be a long road for Sony but it's nice to see continued positive news out of the company. Sony still has a long way to go to turn around it's core, television devision but it's expected Sony will profit this fiscal year by 50 billion yen (without any big real estate transactions on the horizon). You've got to wonder how guys like nukeitall and DiRtY are going to spin that negatively. It's always entertaining to see what they'll dream up next. By the way, to those mentioning it, Sony isn't having a problem with capital. They've been sitting on the largest cash position the company has had in almost 20 years for some time now. When you look at the debt on Sony's books, you have to realize that Sony runs a financial business, and like any financial business the way they operate is by issuing debt instruments. Hell, every single dollar on deposit with Sony bank counts in the "debt" column so as their financial business grows, so does the amount considered as liabilities on paper. Have a look at the debt on the books of any bank and you'll see why you can't compare Sony's debt structure to a company that doesn't operate financial institutions as Sony does.
No surprise at all. The man can't say anything positive about Sony. If you guys are looking for him to say something positive. You best be looking when he is talking about Microsoft. ---***"Sony sold buildings worth billions and that is reported as income. You want to look for signs the business itself is improving"***--- Agreed, but ever thought of the fact that they can now use the profit they gained from asset to help improve business? I'm sure that is Sony's reasoning, but I guess that's a bad thing according to you, not like Sony can do any good in your eyes anyway considering your blind hate toward the company. Sony has obviously been trying to gain a profit for the past couple years and obviously have failed to do so, so a different approach was needed. Selling their building gained the profit they've been seeking for years now, so now this should help start their plans, the plan obviously being to improve business and make profit long term. ---***"especially when you likely can get more for the building later"***--- They need money now. They've been waiting for "later" for several years now. ---***"and you turned an asset into a higher expense because you have to lease the building back."***--- You think they would do that if that was indeed the case. They plan and calculate their decisions before making them you know. ---***"In short, this is actually negative news."***--- It's actually good news, considering good news for Sony is bad news for you and vice versa. ---***"Also this could be to general decline, but could be due to devaluing software and cannabilizing sale due to PS+: "Sony shifted slightly less software this fiscal year compared to the last one..." Typically you should have increased software sales due to enlarged user base, but there could be other factors."***--- I doubt PS+ has anymore of an effect on software sales than passes have on used game sales. Post the full quote please. The drop off isn't large: ---***"Sony shifted slightly less software this fiscal year compared to the last one but the drop isn’t that big which shows that consumers are still buying a lot of PS3 games and it’s still a viable platform."***--- You obviously didn't post the full quote because it wouldn't push your negative Sony agenda. Typical nukeitall.
Tokyo and NY buildings sold for about 2.3 billion. But Sony also acquired Gaikai and EMI Publishing within the same fiscal year which together cost over 2.5 billion. (Among other acquisitions) Sony are still profiting.
Pretty sure this guy is trolling here. Not because this information is false, but because it's information that is brought up EVERY time someone posts an article claiming Sony is making a profit. Apparently Sony has been selling off assets steadily for the past year. The same reason is because Sony is cutting fat. They're simply restoring balance. They COULD have been making a profit all this time if they adjusted their assets YEARS ago when they started losing money, and the industry (world) was showing signs of economic problems. This is simply a "late to the party" situation, and not a cop out. It doesn't mean the only reason they're making money is by selling assets.
The downside - Sony hasn't turned a profit in five years. The upside - Sony just turned a profit for the first time in five years. Verdict - Sony sucks at making money.
Per the news piece Sony real estate turned the profit.
Tell that to the phat cat CEO's flying over your house and looking down at you laughing..
you can look at it like this ( using your logic) Sony made profit for 70 years Sony lost profit for 5 years Sony recently made profit. Sony is Great at making money .
Do people read the entire article? If anyone knows about them as a company... THE LAST LINE SAYS WHY THE PROFIT. they sold off assets. One of the biggest land/building sales ever. And yes, I own stock. I stated this about a year ago. There is signs of looking up, but the profit is not what it seems to be.
"And yes, I own stock." So?
OT You know its funny the hypocrisy of fanboys and the internet, but has anyone read some of the comments on that site? Pure anti-Sony hating fanboys. But according to non-Sony fanboys, only Sony fanboys are fanboys. And only N4G is full of fanboys (cuz the internet believes it to be a Sony fanboy haven). But other sites arent fanboy infested. Damn i hate fanboys