450°

Deathwatch - will the Sony Empire fall in 2009?

We, at Bitterwallet, hesitated in adding a global manufacturer like Sony to Bitterwallet's Deathwatch list; it's all very well predicting the End of Days for Woolies and PC World, but not one of the best recognised brands on the planet, surely? Until you look at some of the facts and figures haunting the Tokyo-based company right now:

Sony have today announced plans to make 5% of its electronics workforce redundant - about 8,000 jobs
From July to September, the Japanese economy shrank nearly five times faster than Government predictions
Sony's profits fell by 90% in the last financial quarter, while warning that full-year profits would be down nearly 60% on the previous year
The company's share prices has dropped from over $57 at the beginning of the year, to just $20 today

Read Full Story >>
bitterwallet.com
pp5618d ago

Yes Yes Yes it will fall i am so Excited and all this due to PS3.Hahahaha theirs only room for one console (xbox360)in this world.

callahan095618d ago

What a foolish sentiment. Why do you cheer at the prospect of a multinational electronics and entertainment corporation falling apart? This is bad news for the industry, not good news. This is bad news for thousands of people who will lose their jobs, for even more people who will lose money on their investments in this company. The entire notion of a one-console world will stifle innovation through a lacking of competition and incentive to push boundaries.

solidjun55618d ago

...but a group of individuals. You are efficient at your form of trolling.

5618d ago
PeptoBismol5618d ago

i hope all you 360 fanshits get raped by a horse

tomfoolery5618d ago (Edited 5618d ago )

GO SCREW YOURSELF YOU LOUSY CORPORATION.

BYEEYAYE

MS and NINTENDO FOR THE GAMING UNIVERSE!!!!!!!!!

likedamaster5618d ago (Edited 5618d ago )

PP, you should have went epic with that statement somewhere along the line of...

SONY EMPIRE DOOMED!(2009) 16,000 FIRED..CONFIRMED!!!

LOL

+ Show (4) more repliesLast reply 5618d ago
PirateThom5618d ago

Will the Sony empire (which includes numerous electronics, music and movie outlets) fall in 2009?

lol, wut?

ps3Owns3605618d ago

you guys are really stupid,this is also affecting microsoft as well.why you think 360 only have gears 2,left 4 dead,and fable2.BECause of the economy.its affecting everybody microsft cannot afford making more games in there studios.ps3 will still have its lineup 09.and 360 still will have its dead long games.

Graphics Whore5618d ago

HAHAHA, ARE YOU SERIOUS. This will only get approved by the haters.

Nineball21125618d ago

Actually, I approved it and I'm pretty sure I'm not a PS3 hater.

Both sides of this stupid flame war need to chill out. It's okay for people to have opinions.

I think the article is wrong, but people are allowed to have reasoned opinions.

Nothing bad will happen if this topic is discussed, I promise.

chaosatom5618d ago (Edited 5618d ago )

PS1????

PS2????

WTF????

Most of the Companies are going to Fall if Sony does.

Graphics Whore5618d ago

If you think the article is wrong then why are you approving this. School taught you nothing eh?

Le-mo5618d ago

Don't forget the Walkman, CD, Tape Recorder and well...you get the point. Another pointless article.

RussDeBuss5618d ago

TV's as well. even if they may not be the best, ask some1 that isn't that clued up which tv's are the best and i b et they will say a sony

Nineball21125618d ago (Edited 5618d ago )

Haha... yeah, school taught me quite a bit.

Especially about the topic of critical thinking. You know, the concept that other people might have opinions. Heck, you might even disagree with their opinions, but that's okay.

There's even a new thing out called persuasive arguments, wherein (now try to grasp this concept) people take different sides of a topic and try to change perceptions of people holding opposing views of the topic. Yeah, I know!! Pretty radical stuff, eh?

Anyways, I agree that all of the intentional FUD is reprehensible and pathetic, but sometimes people have legitimate differences of opinion and it's nice to have mature conversations about them. At least, it is to me, but then again, I try to have an open mind. Look that phrase up sometime, maybe it'll "open your mind". Oh, the irony of it all.

Edit: And just to prove my Sony fanboy street cred, I believe that Sony will be around making gaming consoles as long as gaming is a market. Sony's Empire is HUGE and it isn't going away anytime soon, and you can quote me on that.

Of course, that's just my OPINION which I hope I'm allowed to have.

AAACE55618d ago

What the hell is this?

Sony cuts a few jobs and now people have them on a death list?

Sony isn't going anywhere! They have taken some losses just like every other business during this financial rut, and are taking steps to offset the issues they are facing! It is wrong to think they are going to go bankrupt or anything!

Graphics Whore5618d ago (Edited 5618d ago )

You're clearly aware that this is fud, you're just helping stir the pot. There is no critical assessment or thinking processed here before or after the article was written. It's just flame bait.

If you are as smart as you say you are than you wouldn't have approved the article, you obviously have a goal.

The article has no tangible evidence other than stock shares, OH NO, a multi billion dollar Company isn't doing the best. Guess what Microsoft was at the same place when Vista debuted, did they go any where clearly not. This article isn't in the realm of realism, it's written by an Xbox Live rodey who thought he had a shared opinion, clearly it is biased and clearly it is fud.

Light Yagami5618d ago

Poor PS3 fanboys can't accept that Sony is an epic failure this gen.

SL1M DADDY5618d ago

It's the new "news".

Is it just me or is anybody else tired of the FUD being spread lately?

Anon19745618d ago

But at the same time, not a lot of positive news out these days, is there? It's not that there isn't anything positive going on, it's just that it isn't reported by anyone.

For the record, I think this article is 100% incorrect. The job losses were part of an expected restructuring that Sony has been undertaking for awhile now. These losses don't kick in until 2010, which some would argue won't come soon enough but that's another debate.

Analysts expected electronics sales to slow but are still predicting an increase in Sony's revenue stream for 2009. Sony's stock is down exactly the same as the entire market in general, and then it's taking a hit on the foreign exchange between the yen and US dollar. The fact that this article takes that share depreciation and translates it into a reflection of Sony as a whole is staggeringly inaccurate.

Having read Sony's financials and gone through a few analysts reports just in the course of my work, I find it hard to believe that the author can take a couple of recent news articles, throw in two bits of sales data and on that predict a company's demise without actually turning to one of the many professional research articles out there that predicts Sony will simply be making a little less money this next year compared to the last two years. That's a far cry from predicting a company's demise.

bushfan5618d ago

Sony is a giant..tv, cell phones, video cameras, tv's, blu-ray, and the entertainment division where PS brand it is.
there are a lot of companys cutting jobs. everywhere, anywhere, not only sony.

JsonHenry5618d ago

My prediction on the future of Sony?

1 - They learn their lesson and develop a console with more standardized parts that is much easier to code for and less expensive to develop for.

2 - They will mimic whatever MicroSoft's current online abilities are, as well as charge for the service.

3 - They will OVERTAKE the handheld market with the next PSP due to superior graphics and online abilities compared to the DS and the next Nintendo handheld.

4 - They will make the next console so that the sale price vs price of manufacturing the console close to even. Which may mean the next console will not be such a huge leap in performance as this generation had over the last, or just charge more for a more powerful console.

5 - The Sony "empire" will not fail. It will restructure its business model to reflect lessons learned with the PS3.

Nineball21125618d ago (Edited 5618d ago )

They have some valid points (even though I disagree with their conclusion).

Here are the main points that I thought were interesting and deserved to be discussed:

* Sony have today announced plans to make 5% of its electronics workforce redundant - about 8,000 jobs
* From July to September, the Japanese economy shrank nearly five times faster than Government predictions
* Sony’s profits fell by 90% in the last financial quarter, while warning that full-year profits would be down nearly 60% on the previous year
* The company’s share prices has dropped from over $57 at the beginning of the year, to just $20 today

Now, those are verifiable facts. That's not FUD. You might not LIKE those facts, you might wish they weren't true, but they are facts.

Again, I don't believe Sony will fail as a company because of those facts, but that doesn't mean I can't hear out their view on the matter.

Grow up! The world doesn't always revolve around your view point of things.

You know if I'm pissing off both system's fanboys, I'm must be doing something right.

Graphics Whore5618d ago (Edited 5618d ago )

The only validity found in the article is stock shares and cut backs, there's a recession happening if you aren't aware, this is happening to every company. Look at Microsoft's stock low's they are lower than Sony's does it mean anything? NO it's just following trend.

There is no view to this it's just flame bait and you got trolled. I'm not a fanboy by the way but this is clearly one of the most poorly written articles and it's a god damn laugh that you got sucked in by it.

This has as much truth behind it as Hitler being a nice guy.

You know damn well you're just trying to cause restless debate on a feud that doesn't end. For future reference log off before you decide to approve crap.

BTW Last quarter Sony's Gaming Division made profit.

Anon19745618d ago

Well, that stock depreciation isn't reflective of anything. All stocks are being punished equally and this will continue until the economic data starts clearing up the confusion regarding how deep a recession we're looking at. Good companies, bad companies, they're all being hammered.

Sony's revenue drop comes from two things, slowing consumer spending and a massive change in the yen to US dollar price. Still, Sony is forecast to make over 2 billion in profit for their fiscal year ending March 09. The job cuts didn't surprise anyone (in fact, Sony's stock is up 4% today on a generally negative day) as Sony had announced months ago that they were restructuring to save costs.

Sure all these things are facts, but without context behind them they're rather meaningless.

Nineball21125618d ago

OMG!

Put on your big girl panties and deal with it. Life isn't all about what you think is fair.

If the story is so freakin' antithetical to your belief system, then don't comment on it, let alone click the link. Problem solved... Take your own advice: For future reference log off before you decide to read articles that don't match your one sided world view.

Again, I don't even disagree with you that the conclusion of the article is wrong and full of crap, but if you can't handle opposing views, you're in for a rough time in life. Good luck with that.

Sony will be fine. This conclusion of this article is wrong.

Now, you can stop holding your breathe because you didn't get your way.

Killjoy30005618d ago

No company, Microsoft nor Sony. will all of a sudden just "Die." It's not that simple. If they were backing out of the game, why would they throw so much resources at PS3? It just doesn't make any sense. This article is worse than the idea of Microsoft buying Sony Computer Entertainment.

Nineball21125618d ago

Darkride posted: "Sure all these things are facts, but without context behind them they're rather meaningless."

Right you are, bro. And look, you were able to refute/add context to the points that were posted in the article. And, based on your responses, now other people have that information available to them.

Thanks for the information.

Anon19745618d ago

Helps me get through the work day.

XxZxX5618d ago

if Sony is going down, like Fujitsu, the Japan government will bail sony out. So Sony will not go down in flames, IDIOT!!. If you think you are smart to write a death watch, at least do some freaking research first.

Danja5618d ago

wow So because Sony decides to cut a few jobs and close a few factories they're on there death bed...

Every major corporation has been feeling the effects of this crappy economy..

I guess EA is gonna close down soon since it's cutting alot of jobs also..

this article fails...so badly

acedoh5618d ago

Probably nothing... Because despite the PS3 losing on the consoles produced they are still making a profit. The PSN is a massive profit center and is an incredible revenue maker for this generation. Along with continued success of the PS2 and PSP I don't think SONY will hurt it's shining light. If you look at game sales they have been continuing to rise which shows that the game market is still a safe bet in this harsh economy. I think SONY will probably refocus some of it's efforts and in the end run be a much better company...

Lombax5618d ago

You beat me to it... but anywho.

"Sony simply isn’t famous for anything in particular, and hasn’t been for years."

Pfft...

I guess being famous for everything is bad for a company.

phosphor1125618d ago

called "report as f**king stupid"
..honestly...

LeonSKennedy4Life5618d ago

No, they won't charge for the online service. That's a HUGE draw to the PS3...and it will be for the PS4 as well.

prowiew5618d ago

Like I said in other post. The layoffs will continue through 2010. Sony really is not the company that was before. In this tough times, people are looking for alternatives. Sony is still selling their electronics stuff at premium prices. You can buy a Vizio with the same quality as a Bravia $500 less. You can buy a HP or Acer laptop with same specs as a Vaio at much less money. Mp3 player they cant compete with apple, not even 2nd or 3rd place. The two things they are doing really well lately, is playstation brand and blu ray. Of course they will not go out of business, but the future is looking tough for them. My opinion is they really need a change of focus at their electronics, dropping prices and make it more accesible to regular consumers. My2cents

+ Show (24) more repliesLast reply 5618d ago
Daver5618d ago

loll another useless article.. why would it takes 1 year to one of the biggest electronic company to fall?

Capital G5618d ago

no it took 2 year

november 17 2006.

Anon19745618d ago

Man. Get informed. You're embarassing.

Pennywise5618d ago

Is he embarrassing because he is an uninformed troll or because of what he looks like in his avatar? I think both.

ElementX5618d ago

I think Capital G is cute :)

phosphor1125618d ago

why aren't your bubbles gone yet? you are dumb..I swear, all you do is flamebait

+ Show (3) more repliesLast reply 5618d ago
LittleBigKillzone5618d ago

I know most here are worried about the gaming division but dont worry, sony's gaming division as a whole is one of the most profitable divisions for sony so its not going anywhere. Sure they will struggle for a few months or so but I say once the Obama administration takes office Jan 20th and gets to work, i say by late summer to early fall we will see some improvements in the economy and Sony will be just fine.

Think about it, usually when a game company fails they dont announce huge upcoming titles coming out the next year. I mean they are heavily pushing Killzone 2 for release in a couple months, they heavily announced Uncharted 2 and God of war 3 for next year. So sony knows that the Gaming division is still very profitable. Now if they didnt announce any games for next year then id be worried, but the fact they are announcing all these great games is a sign there is no need to be worried about the gaming division

snakeater35618d ago

why do you think obama can save the world ? not even jc can save us now ....we have to endure the pains as the financial crisis permeates in the real economy....id say we need another 12-18months to see thiss mess through

majorsuave5618d ago

Yep, they will be fine once they are sold to some North American corporation, be it Activision, EA, Microsoft or Google

LeonSKennedy4Life5618d ago

You think Obama's going to do something to improve the economy? He's been destroying Illinois with Rod Blagojevich (who was arrested earlier today) for a couple of years now. What makes you think he's going to be a good president?

Wait...don't tell me...The Daily Show made fun of Bush so much that it seemed like Obama was a super-intelligent human being? Obama's a tool for the democratic congress. We're EFFED!

Show all comments (147)
70°

7 Iconic Games That Put The PS1 On The Map

The first PlayStation is home to an array of iconic video games that went on to define the sheer significance of this console.

SimpleSlave1h ago

I think from a historical perspective I would change Spyro for Grand Turismo. It's the franchise that made the PS1 look like an absolute unit. Other than that, I can't argue with the rest when it comes to games that defined the PS1.

And to be honest, there should be space for Tekken 3, Wipepout and Tony Hawk's Pro Skater in order to round out the PS1 identity as the machine to own at the time.

With Tomb Raider 2, Silent Hill, Symphony of the Night, Tenchu, and Soul Reaver as backup contenders.

120°

Ar Tonelico Qoga: Knell Of Ar Ciel Retro Review – Love Conquers All

Gary Green said: You’ll be forgiven if you haven’t heard of the Ar Tonelico trilogy. The previous two games arrived so late in the PS2’s life-cycle that they simply went unnoticed. While most were tinkering with their shiny new PS3s, Ar Tonelico: Melody of Elemia and Ar Tonelico II: Melody of Metafalica were being ‘returned to sender’ by your local Game stores. Luckily, you won’t need to have played them to understand and appreciate this third and final chapter, Qoga (pronounced k-yoga) tells the story of a racial war between humans and Reyvateils, a breed of biologically produced female cyborgs capable of reproduction, while still having a digital mind.

Read Full Story >>
pslegends.com
Giga_Gaia1d 8h ago

Oh my god. I kinda wish this would get a remaster on PS5, it would be awesome. One of my favorite games on PS3.

That and 3D Dot Game Heroes. It's a shame that some stuff is stuck on PS3.

Knightofelemia1d 6h ago

Ar Tonelico 3 is good I still prefer the first AT game. The music is solid in all the games and Akiko Shikata is a very talented singer bringing life to the game. Only annoying part is well I find is Saki I always choose Finnel or Tyria. KOEI so needs to HD remaster the franchise along with Ar Nosurge and Ciel Nosurge since it never came to North America. I would day one the Ar Toneliceo games and Ar Nosurge if they were remastered.

TheColbertinator1d 5h ago

I still have the limited edition of Qoga unopened. Unfortunately it never went up in value like I had hoped all these years.

Father__Merrin1d 1h ago

Used to own all these quirky JRPG on ps3 good times. Wish I would have kept them all

290°

Microsoft’s Surface and Xbox hardware revenues take a big hit in Q3

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.

Read Full Story >>
theverge.com
darthv722d ago

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.

solideagle1d 22h ago

you should apply in MS PR team buddy, I think you will do a great job in my humble opinion :)

Sonic18811d 20h ago

I thought darthv72 and Obscure_Observer already work for Microsoft 🤔

dveio1d 19h ago

MS: "Xbox services and content without AB up 1%, with AB up 62%. Hardware down 31%. In total a loss of 350 mill."

darthv72: "Seems about right."

MS: "Excuse m ..."

darthv72: "I don't hardly play on my consoles directly."

MS:

Lightning771d 15h ago

What he said was facts. How he plays games is no concern of you. Don't get too mad about it.

Cacabunga1d 22h ago

I can tell people like you are an absolute minority..

If service is up means their fans and fanboys accepted this model and subscribed to it. The near future you will see a big decline because the service is saturated.

darthv721d 8h ago

to you it may seem like the minority... but your bubble is shrinking because more and more are following suit. convenience is a hell of a drug and its also why physical sales only amount to 30% of overall game sales. times are changing, you either get with them or you get left behind.

neutralgamer19921d 3h ago

Darth

30% physical sales: yet Phil and xbox division are in a rush go give up on that 30%. they don't have any right to give up any piece of the pie since the control such a little of the pie to begin with

also, the market is clearly speaking that the model Xbox is pushing isn't working right now the keyword being right now. you are right about freedom to play anywhere so i hope they put their games on steam

shinoff21831d 21h ago

But that's been ms for years. When things aren't going their way they try to change the way things are said. For instance console sales are down, they stop telling how many sold instead telling us how many hours spent in halo or headshots. So it makes sense console sales down just say people are playing on more devices then previous. What they won't say is how many xbox players jumped ship to ps5.

Cacabunga1d 20h ago

Hardware sales are so bad that Sony and Nintendo are blowing the sales off the water with their hardware.

If Xbox are losers, others aren’t..
Xbox already tried everything with Xbox live then subscriptions went down so much that they had to find something else. Their fans subscribed then reached saturation rather quickly.

Hardware and exclusive games is where it’s at! Keep gamers excited, announce decent software and people will support you

itsmebryan1d 16h ago

@shin
Well keep it simple Sony 's operating income is down 26% and Microsoft's is up 32%. No MS spin there, just facts. 😉
Cheers

S2Killinit1d 9h ago

MS is after diminishing consoles as a medium. They want to destroy this market because they couldnt win. MS’s vision is to dissolve console gaming.

romulus231d 15h ago

Odd that a company that touts you dont need the hardware to play is already touting another console in the works.

darthv721d 14h ago

They are not reliant on the HW but still want to maintain a presence (no matter how small) is a good thing. It shows commitment to the craft. It reminds me of SNK and how they made games for their own hardware (Neo Geo) while also making them for others because they knew there was a market to do so. They knew they would sell more to others but also sell to their own niche fan base.

TheEroica1d 8h ago (Edited 1d 8h ago )

Perfectly reasonable post down voted by insecure corporation friendly folk.... But not gamers. Real gamer want accessibility and ease of acquisition for all.... Company shills are the only ones still telling us that hardware locking people from games is good for us.

Chevalier1d 3h ago

@Darth

You should stop parroting metrics like an idiot without context.

"Xbox content and services revenue grew 62% in Q3 from a year earlier, “driven by 61 points of net impact” from the purchase of the third-party video game giant, Microsoft said."

61 of the 62% was from their merger so net increase is ONLY 1%

https://www.mesaonline.org/...

itsmebryan19h ago

@chevalier

It looks like made a great purchase. Much better then Sony buying Bungie. 😉
Cheers

+ Show (4) more repliesLast reply 19h ago
purple1012d ago

Xbox hardware revenue tanks to lowest point of Xbox Series generation

Profchaos2d ago

I'm not surprised surface is struggling they aren't relevant anymore

DOMination-1d 14h ago

In the last two years they've started exiting the consumer market altogether. All of the newest Surface products are business models only. They can't seem to work out what they want to do with it.

XBManiac1d 23h ago

Too expensive hardware when others offer the same or more for less? Good work, Green Team.

SimpleDad1d 23h ago (Edited 1d 23h ago )

"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.

purple1011d 23h ago

Activision: "we gonna need a bigger rucksack/backpack please"

Microsoft: "why's that"

Activision: "to carry yo' weak ass'

Profchaos1d 22h ago (Edited 1d 22h ago )

Top brass have also wanted to start seeing returns on the 100 billion they have put into various Xbox related moves so seeing more multiplatform games is highly likely especially from abk

It's basically saying that PlayStation is the reason Xbox is afloat right now thinks to Ps5 versions of COD

Kornholic1d 21h ago

So basically PS and PC gamers' money is keeping Xbox on life support.

MrDead1d 14h ago

The only growth MS will get out of the console industry is if it supports it's rivals platforms. Xbox is a pointless machine now. I can see them on a big push for live next, and they won't give up on trying to buy Steam.

+ Show (1) more replyLast reply 1d 14h ago
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