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Sony Gives More Info on PSN Investment, Online Revenues; PS4 Sales Timing in China Still Undecided

This morning Sony published quite positive results for the first quarter of the current fiscal year, and a briefing for overseas investors Chief Financial Officer Kenichiro Yoshida, Corporate Executive Hiroki Totoki, Senior General Manager Kazuhiko Takeda and Sonyof America Chief Financial Oficer Steven Kober provided further color on the situation of the business.

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Axios21116d ago ShowReplies(8)
fonger081116d ago

I think it will be interesting to see where Sony announces it will be for 2015 when hopefully most of their restructuring costs are behind them. I really did think there would be more profit behind the PS + subscription, but if they get the PS Now service right, I'd look for both PS + and PS Now to triple what they currently are seeing as a return for next year. They really need to stop relying on Spiderman in their movie franchises to make them money... they desperately need another franchise to use.

Sokol1116d ago

It's a step into the right direction, with PS+ growing, PlayStation Now needs to be priced accordingly and with optional, possible subscription idea alongside the current pricing model.

Something similarl to Netflix.

With PS4 units selling well, PS Now and PS+ could very well be excellent revenue for not just quarterly but also yearly profit if Sony continues the momentum it has right now for the future.

As for the non gaming section, with Sony no longer taking part in PC business, their TV are finally better prices and have been selling well for the last year.

Also their smartphone market is picking up steam with Experia Z lineups.

With all the changes, Sony will post profits within a year or two and with the help of gaming division as a company it will make money once again.

Muzikguy1116d ago

So we can expect the network getting beefed up in the next year?! Sweet!! I have no problem with that.

I'm lost as to what this means "About of the order of magnitude of the investment, that has quite the magnitude, but at the same time the magnitude is almost at the same level as the payment fees level." Just that Plus fees are being used and nothing more? I'm assuming that's what would've been used in the first place (they sure like the word "magnitude")