Andriasang: Nikkei reports today that Sony will be posting an operating profit of between 10 billion and 30 billion yen over the April through June quarter. The company posted a 25.7 billion yen loss in the same period the year before.
10 billion, between 30 billion. thats alot of used vhs movies at the pawn shop.
Yea, thats a pretty big gap
The division responsible for the gaming side of Sony had begun to turn a profit before, then the recession hit. The Yen went up versus the US dollar and the Euro, almost 25% at some points and all japanese electronics makers were getting creamed due to the foreign exchange. Now that situation is better and Kaz confirmed last August that the PS3 had been profitable within the games division for some time, as a platform if not on the hardware itself. All the needed was for the US dollar and the Euro to strengthen versus the yen and there was no reason to assume that the games division wouldn't be profitable again. Next Thursday is the actual earnings release.
Its not a big gap, thats like 200 million dollars in Australia lol.
Considering they have to cover a loss of 5billion usd which was made by the gaming division. This is nothing. @darkride check the FX market. Yen is currently at its strongest vs the dollar or the euro. Just means more of a hard time for Jap companies.
... just seems weird that the FX rate is used to excuse the ps3 losses which currently run somewhere near $5 billion. Yet, the same exchange rate seems to have worked exceptionally well for the Wii's profits, before, during and after the Global financial crisis. Strange. Wait. This is N4g. Not strange.
well done sony. a big finger up to the internet haters
Great news for Sony
" Nikkei states that Sony's games and mobile division reached profitability for the quarter thanks to cost-cutting measures." thats all I care for, now they should go buy more studios
They just did two weeks ago...You know the one who made the kung fu doll game one(forgot the exact name)
that was just an exclusivity deal for a few games? Someone got source?
They are still and independent studio if I am not mistaken. The wording in the release made no mention of an acquisition, only a "deal." But this seems like the same thing that they did with MM; work with them to see how the two parties work together and if everything goes well offer them an ass load of money. http://www.tarsier.se/index...
Oh, Tarsier Studios... They make LBP content... kind of interesting... I mean, there job is to sit down with Little Big Planet and make levels within the game editor, presumably... that's kinda funny... lol I think they are owned by Sony though... the article sites them as first party... and having 'joined Sonys family of Studios'. http://www.tarsier.se/index... Well, actually, their own website states that.
More Studios... Sucker Punch and Eat Sleep Play are NEXT!
The guy and the people that he has working with him are doing a great job doing their part to get things profitable again. Jesus at this rate he'll be the next president of Sony Corp.
He's One of the Most powerful execs...
but just have some new found respect for my PS3 (where I mainly loved my Xbox prior). Just subscribed to MLB.tv to follow my favorite team as I'm about to move to another state, and what do I see when I'm googling what features my subscription offers? How about streaming games in HD via my PS3 (as well as archived games from like 5 months ago). I'm freaking loving this, I thought I was going to have to get an HDMI cord to connect my laptop to a TV to enjoy these games on an HD tv...definitely not the case thanks to Sony. Appreciate it! Hope enough people utilize this so they don't have to eventually take it down or end their partnership with the MLB.
I totally feel the same way. I'm a MLB.com subscriber too and love that I can stream from my PS3 to my HDTV using the PSN app. It's one of those things that I think a small minority appreciates though.
SONY need NBAtv NFLtv UFCtv NHLtv GOOGLE TV G4 an Gametrailers apps
I'd agree only as an Australian I still wouldn't get to see NBAtv. All that rad stuff we don't get here. I have to watch NBA on a broadband league pass...
How much is 25.7Bn in English money?
First, what exactly is "English" money? Second, http://lmgtfy.com/?q=conver...
Thats not too bad considering thats all profit. It is a bit puzzling however, that is the entire Sony, not just the games division.
Sony suffered alot the last couple years with some drastic restructuring.
i would like to know how much Playstation division made, this is for entire Sony company.
Here's how many of the major players look in in order of decreasing operating income for their games divisions (or the closest thing to a games division, in the case of Microsoft and Sony). Units are 100 million yens (to get a super rough dollar amount, just tack on six zeroes after the decimal point). The figure in parenthesis is a comparison to operating income from last year. In Microsoft's case, a conversion of 90 yen to the dollar was used: 3565.67 (-1986.96) Nintendo 648.9 (+578.7) Microsoft [Entertainment & Devices] 214.83 (-200.69) Konami [Digital Entertainment] 78.46 (-85.46) Capcom [Consumer Contents] 8.55 (-20.3) Hudson [Consumer Contents] 7.67 Tecmo Koei [Game Software] -16.8 (-6.21) Marvelous [Digital Contents] -68.45 (-184.54) Namco Bandai [Game Contents] -830.77 (+43.51) Sony [Network Products & Services] (Yes, Sega and Square Enix are missing from this chart. I'll add them when they announce their earnings. Square Enix's earnings are of particular note because they had the big Final Dragon Hearts trio this year). Amongst these publishers, it looks like Sony is the big loser for the year and Nintendo, despite making 2 billion dollars less than last year, is the big winner. Sony said that it hopes its Network Product & Services division will reach the black in this fiscal term. But it's said that before. It said it in fiscal 2007 and in fiscal 2008.
Hold on to what you got.
honestly.......who gives a fark....what does profits have to do with games....regardless of making a profit or not sony and microsoft are in it for the long run....both have plenty of "irons" in the fire...one division wont bankrupt the whole company.....lets get some storys about games man..sheesh.
That is good to hear, most of the time cost cutting measures that company's take dont pan out this well but it looks like it worked out for Sony. Good news for investors like myself.
I hope so because they werent looking so good in the phones and tv division and game division at all, their stocked dropped SONY is really needing to reach for a new strategy, not in games but in the rest of their company, because with the economy bad here and euro is getting weaker by the day, people are shopping more for bargains then they are high quality items now, I hope they turn it around because SONY is a top notch company
All of sony only made 100-300 million?? That is really terrible. How thin are their margins??? Apple made 3.5 billion and microsoft made 4.5 billion NET PROFIT in the same 3 months. Microsoft made 45 times more profit than sony going by the 100 million figure. Time for Howard Stringer to go
wel.. it's better than going on a loss, don't you think?
yeah you gotta consider that since the GFC Sony hasn't been a profitable company. It's because it depends so much on exports, like the rest of japan's economy: more than 70% of their business is consumer electronics. Japan's economy is an IT and service driven economy, and all such economies rely on exports. The GFC ground exports to a halt and Sony hadn't been profitable since '08, so this is just a product of the slow economic turnaround and restructuring on Sony's part.
yup time for Stringer to go
Microsoft is doing big profit with softwares, not game division. don't try to trump others players :) by the way, sony had loss with ps3 launch (best hardware and inovation cost a lot), and it's good to see profits so soon (not a single troll, tring to downplay the news now, could have predict that), in recession time, with a yen too strong, that news announce great time for them newt years (with price cut, 3D, move, and bluray royalties becoming more and more huge)
they seem to be enjoying a rare profitable quarter for the gaming division but could they have done better
Good for Sony and there share holders….
Sony's game division hasn't been profitable in a long time. http://www.hotbloodedgaming...
Lol @ people that disagree.
they just snaped $158.50 for a refurbed ps3 slim my $600 60gb ps3 got ylod
Good for Sony but what's this matter to me? Is it going to make Sony listen to its consumers more? Probably not. Will it make Sony strive for more original IP than what we've been getting? Probably not. To be honest, I'm sick of seeing numbers behind every new game that comes out. Everything that comes out is from a preexisting franchise it seems. There is just not enough expansion or innovation coming out and that is sad. We had it much better before the PS3/Xbox 360 generation if you ask me.
Well, when you come to think about it, more profit means more money that can be funded back into research and development so you may not see the benefit now, but the future might be that whole lot brighter. :D
Good for Sony.
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