180°

Sony cuts Q2 2012 losses to $198 million, bumps revenue to $20.6 billion thanks to mobile

Engadget: Sony is projecting a slight drop in revenue for its fiscal year ending in March 2013, from $85 to $83 billion compared to August's forecast. But the company kept its operating income projection unchanged at $1.6 billion -- thanks to new acquisitions like cloud gamer Gaikai and Olympus, along with such products as the new 84-inch 4K LCD TV and revised PS3 gaming console.

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engadget.com
Blankman854285d ago (Edited 4285d ago )

Thanx to the mobile division which still lost close to $300 million? On top of the $350 million it already lost last quarter? How is that a success?
Why is this story not focusing on the gaming business which made a profit? At least tell us how much of a profit instead of just tossing it in there with music and movies as if it didn't matter.
This is their 7th straight loss, you gotta wonder how long they can keep this up.

Silly gameAr4285d ago

Gotta love the N4G financial analysts we have around here.

Cam9774285d ago

Yup. Without them, I don't know how I would survive against this barrage of false information.

JoGam4285d ago (Edited 4285d ago )

Thanks dude...You just made me spill my coffee on my Vaio! LOL

BattleAxe4285d ago

^^^

I'm laughing so hard right now, while viewing these comments on my 46" Bravia through my PS3's web browser :D

Knushwood Butt4284d ago

Yeah, quick, give this man a job before he gets headhunted!

+ Show (1) more replyLast reply 4284d ago
Jazz41084285d ago (Edited 4285d ago )

According to the verge sonys gaming was down 16 percent as well as revenue but they did manager a very meager profit as in using there words. If you add the first qtr gaming loss and the second qtr meager gain Sonys gaming division as a whole is still in the loss column for 2012. As far as phones connecting to consoles ms windows phone have been doing that for a while now and with wind 8 its only getting better.

gaffyh4285d ago

Apparently that is mainly due to a strong Yen.

XabiDaChosenOne4285d ago

@Ndivhu *rolls eyes, Keep it moving son.

Jihaad_cpt4285d ago (Edited 4285d ago )

I have a question did the American economy go from recession to "expansion" instantly?

+ Show (2) more repliesLast reply 4284d ago
Neonridr4285d ago

very strange. I mean sure their numbers aren't as bad as the previous quarter, but they are also talking about how many jobs they had to cut. When you cut 10,000 jobs you save a lot in salary payouts. But when you have to say that you are cutting that many jobs this year, and you are still losing money while stretching your divisions thin, that's not a good thing.

Also I don't think the 84" 4K LCD TV did much for them at this point. Nobody can afford the $25K price tag for that, so I don't even know why I was in the article.

I have a Sony TV and home theatre system, so I do appreciate the quality they bring to the table for the most part, however with them continually losing money, you have to wonder where that is going to put them when the PS4 comes along.

It's hard to believe a company that continues to bleed money is going to want to sell their new console at a loss, but it will also be hard to fathom launching another $600 console ala the PS3.

nukeitall4285d ago

I know, it seems things hasn't improved at all.

Considering a cut of 10,000 jobs, you should save 10,000 * monthly salary * 3 months (for the quarther). That is easily $100 million plus per quarter, but now you lost productivity.

Cost cutting is good, but what is Sony doing to increase sales and demand for their products?

Captain Tuttle4285d ago (Edited 4285d ago )

Well they're spending money, they picked up Gaikai and launched the Vita. The return on the former remains to be seen and the return on the latter is fairly dismal, I'd guess.

4285d ago Replies(1)
4285d ago Replies(1)
seanpitt234285d ago (Edited 4285d ago )

So happy for sony they deserve to do well

Swiggins4285d ago

No no...let him figure it out himself...

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120°

Mortal Kombat 9 Is Still NetherRealm's Best Game 13 Years Later

Salman from Tech4Gamers writes "Mortal Kombat 9 revived the series from a low point after bringing it back to 2D combat. It marked a new high-point for the franchise due to its incredible roster, exciting cinematic story mode, and high-octane combat."

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tech4gamers.com
Sonyslave31d ago

I like which ever one, Raiden was speed blasting muthafkers.

monkey6027h ago

I agree. 9 was awesome

Shaolin Monks next please

vTuro247h ago

Shaolin Monks is a forgotten gem. I would love to see a new one, or a remake of the old.

vTuro247h ago

That game was actually goated. It was the first time ever that I actually tried to get good at a fighting game. Unfortunately the online connection was so dogshit it made it hard to enjoy and eventually I gave up. Haven't really played much fighting games since.

90°

World of Warcraft developers form wall-to-wall union at Blizzard Entertainment

The new unit comprises over 500 developers representing the entire World of Warcraft development team.

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gamedeveloper.com
2d ago
XiNatsuDragnel1d 21h ago

Unions in gaming are necessary fr fr

montebristo1d 10h ago

I used to be anti-union, it kills productivity, investment and turns product mediocre. Their games suck anyways though so what was lost? Might as well get their people paid until they are dissolved.

shinoff21831d 9h ago

Unions are necessary regardless of how you feel. You know how fked the working class would be without them. As if we're not already.

montebristo1d 8h ago

No they aren’t, regardless of how you feel. Unions make zero sense for skill based labor. They are for people who press a button every 10 seconds on an assembly line. “working class” is a made up term. I don’t care about corporations or developers, I just want good games lol. Killing your incentives to appease the lowest common denominator doesn’t lead to great games imo

montebristo1d 3h ago (Edited 1d 2h ago )

I wasn’t trying to be offensive if I came off that way. The Union is an old mentality and I can see their usefulness but also the danger. We’re in the age of AI and robots and skill based labor. Unions can be dangerous these days. You could replace your entire workforce in one move. Checkmate. Look to the kiosk replacing workers in the 20 dollar minimum wage era.

Well run businesses don’t need unions. If you need a Union that business won’t survive anyway. Unless it’s propped up by the government with corporate welfare (which is the real issue). If you’re not going to spend some on your workers (Amazon, Google) then your welfare is cut off. No tax breaks. All you put together don’t match their wealth and resources, the union is a traditional memory at this point and counterproductive with this new enemy we face. They need a flying elbow from the top ropes. And by “working class is a made up term” I just mean we’re not a class system and even CEO Bobby Kotick puts in a days work lol. Or did.. It’s just a vague term that doesn’t mean anything no offense lol. People say “middle class” but that can change quick right? Up or down. That’s not a “class system”.

60°

Playback: Outland

Taking a trip back to Housemarque's forgotten platformer.

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thesixthaxis.com