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130°

Sony stays in the red, trims annual loss forecast

TOKYO – Sony reported a smaller-than-expected 26.3 billion yen loss ($289 million) for the July-September quarter as healthy sales of PlayStation 3 game consoles and Michael Jackson hits put it on track for a gradual recovery.

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kaveti66165292d ago

They're still expecting a loss? This isn't so good. I said once a long time ago that Sony's sales success was a double-edged sword. Whenever they were selling consoles at a loss, I always said that the more they sold, the worse off they would be.

sakura20095291d ago

the article said the ps3 and michael jackson music helped sony

Goomba125291d ago

i want to see software reports. Hardware is a lose, got that, but what about software?

hay5291d ago

@1.2: True. Consoles are always investment. But we should be aware that gaming division have profits from other sources like royalties or sales.

chaosatom5291d ago (Edited 5291d ago )

Even with the loss!!

Pennywise5291d ago

Kave, you state "as I said before" like you have any actual insight to the company's profits or losses. From your statement, I am lead to believe you have a degree in business and you are probably a Sony stock holder, or even an insider in Sony's account department... right? If not, who cares what you have said before.

cliffbo5291d ago

the loss is an overall loss on all the products, so this does not affect the ps3 side of the business.

IdleLeeSiuLung5291d ago (Edited 5291d ago )

The investment into PS3 is just that an investment into future profitability so is not an issue. One of the big issues are their competitor, Samsun, whom sells their TV at a higher profit margin and recently tripled their profits.

Sony right now can't seem to match that.... so that alone will hurt especially a company in the red. With that said, the company is losing less, but then again during these times the companies themselves will intentionally under-estimate profit and over-estimate losses so they can "exceed" the expectations. You get seriously burnt if you don't and killed if you go below!

Greywulf5291d ago

DOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOMEEEE EED

(Gets on horse and rides around N4g while ringing bells)

The PS3 Is DOOOOOOOOOOOOOOOOOOOOOOOoooooo omeeeeeed

(continues ringing bells and riding around around)

SELL YOUR PS3... Sell your PSP.... SONY IS DOOOOOOOOOOOOOooooooOOOMeddddd d!!!! Get rid of your sony movies... quick.. before its too late!!! ITs OVER.. SONY IS OVER.. WE SHOULDN"T HAVE BOUGHT PS3s!!!! AGhahgahghagHAGhghaghaghaghag

DOOOOOOOOOOOOOOOOOOOOMMMEEEED

(rings bells still, horse dies)

doomed.

</gigantic sarcasm>

Blaze9295291d ago

It's nice how up until your comment...no one was even talking about "doomed" this or that....what is wrong with you? Grow up. Seriously, everyone was having a on-topic discussion without any of that fanboy crap and here you come to just be completely childish.

zeeshan5291d ago

Glad to see that they are slowly recovering. I mean yeah, they are still loosing but not as much as they used to. This should change in a year or two.

Anon19745291d ago

All the Japanese electronics makers are being hammered by the exchange rate. When you sell to the west, and their currencies are weakening, you don't make as much money. What do you do? Do you suddenly jack up your prices to even things out or do you just ride it out?

RememberThe3575291d ago

Of course they're still expecting losses, you don't just turn a profit after losing what, 3 billion dollars? The fact that they've been able to cut they're losses this much has to be promising to investors and and management alike.

thegood335291d ago

The PS3--it just does everything....except make a profit.

AridSpider5291d ago

Really, how old are you? Very childish. Sarcasm nothing, what/who are you being sarcastic FOR? Totally unnecessary.

somerandomdude5291d ago

This article is actually good news for Sony, and yes even the "RECESSION"!!!!!

"smaller-than-expected .... loss"
"healthy sales of (ps3) and (MJ) hits put it on track for a gradual recovery"

For those of you that are blind bot fanboys, Sony is a huge corporation and if they go under that means no more Sony technologies such as quality T.V.'s so you can play your 360, no more quality movies being funded by Sony's movie publishing division, that means less movies via live and Netflix, and most of all that means a widening recession and Sony is a big enough company that the hole global economy could face a melt down. So there would be less consumer spending which also translates into less funding for the 360 and this will be because consumers like you will have a hard time finding a good job to support your blinded fanboy addiction.

But don't worry because the PS3 slim sales are helping Sony dig its way out of a hard time.

Anon19745291d ago

thegood33 said "The PS3--it just does everything....except make a profit."

Not quite. Kaz confirmed the PS3 was profitable as an overall platform and has been since the last fiscal year. PS3 sales are within Sony's Network division. It more likely slowing laptop sales and slowing PS2 sales that are pulling the division down.

Brock Danger5291d ago

Well, hopefully another musical titan will die next year to "soften" their losses (sarcasm!). Seriously though, that is crazy, that the death of an icon had a serious impact on helping Sony get a little bit healthier during the recession.

Anyways, it's good to see a cornerstone of the gaming world do better than expected, this bloodletting war between Microsoft and Sony has given us an amazing set of consoles and competition, but the cost has been astronomical. The sooner these companies have their consoles start turning a profit, the sooner we're assured that this healthy rivalry will continue into another, hopefully even more excellent, generation.

sikbeta5291d ago

What everyone is expecting, The PS3 Slim was launched in September and at the same time they cut the price of the remaining faty models, from now on they make real profit as a whole Hardware + Software, people forget fast, maybe they are shocked with how amazingly the PS3 is doing since September

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sirbigam5291d ago (Edited 5291d ago )

Wow they have allot of stuff on their plate but the thing is that almost everything on that plate has a risk. Hope everything works out by he end of the year.

ultimolu5291d ago

chaoooooos...:T

I don't have enough tissues. You know they're sensitive.

gamingisnotacrime5291d ago

The PS brand has been reporting losses for a while, Sony As a whole is reporting plenty of losses in recent years, yet I see The PS3 offering free online and many free services, the price at $299 with Blu Ray included (which competes with Sony's stand alone Blu Ray Players) the first party studios pumping out game after game each month (crazy amount of great exclusives), They keep giving PS owners more bang for the buck while reporting in red numbers. I dont know how the rest of you guys feel, but that inspires some brand loyalty (towards the PS brand in my case). I bought the PS3 at $499, and recently sold my other consoles and got me a PSP Go, and im glad i did because what i have received in return for buying those 2 consoles amazes me.

Im not a blind Sony fan, im just a fan of a company that puts itself on the line (red line) for its costumers. The PS brand since its very begining has redifined gaming, and now with gems like Uncharted 2 they are trying to redefine gaming again, maybe not right now but for the future of gaming to enter a more complete experience with movie quality production (although lately movies are pretty bad quality).

Im a PS supporter and im loving it, too many games, too much value, and a too many hours of gaming heaven

Cheers

LeonSKennedy4Life5291d ago

I agree.

It's like there are still companies out there with good people at the helm.

Weird, huh? : )

Of course, the Internet Explorer guys always send the Mozilla team a cake when they release a new version of Firefox. That's pretty nice of them. : )

RememberThe3575291d ago

I'm pretty sure that's exactly what they're going for.

Golfcoachh5291d ago

This of course means that they are looking for a brighter next couple of quarters. I think It wont be long until they are back showing a profit. Hardware manufactures, not just game consoles, but hardware in general, are going to have a tougher time of it in this recesion. Software makers like Microsoft are going to have an easier time of it overall. Now after saying all that, it is too bad they are continueing to lose money. So that probably will mean more lay offs in the next couple of quarters. That is never good. As long as they continue to churn out incredible game after incredible game, I am sure the gaming division will be fine.

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100°

Why Monopolies In Gaming Must Not Be Allowed

As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.

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thorstein5h ago

Shouldn't be allowed in any field.

Inverno1h ago

And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.

jwillj2k428m ago

Eventually they’ll realize the value is with the employee not the company. Buying an IP means nothing if the people who contributed are let go. They’ll get it one day.

Zenzuu52m ago

Monopolies shouldn't be allowed regardless. Not just for gaming.

50°

Mugen Souls Retro Review – Sexy Demon Space Adventure

Gary Green said: We have a juxtaposition of 2D and 3D visuals, flashy turn-based combat, quirky anime characters with cheeky dialogue with plenty of partial nudity; Yes, this is a Compile Heart JRPG. Whilst the engine is borrowed from Hyperdimension Neptunia mk2, Mugen Souls is more of a Disgaea spin-off. It’s not a strategy RPG as such, it merely sits within Disgaea’s ever-expanding universe (Multiverse? Netherverse? Your guess is as good as mine). You won’t find cameos though, since Mugen Souls is a franchise which aims to stand on its own two feet.

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130°

Looking Back At 2008, An Unbelievably Incredible Year Of Video Game Releases

Huzaifa from eXputer: "2008 was home to the likes of Call of Duty: World at War, Dead Space, GTA 4, Far Cry 2, Left 4 Dead, and many other hits, which is outright remarkable."

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ChasterMies7h ago

Some of these low paid video game “news” writers weren’t born before 2007.

just_looken2h ago

Here here

Those that were around before 2000's i am sure are like me that think we entered a world of non readers or those that follow without question.

I can not wait to see fallout 3 a goty game even though it was about water with non content until you add the dlc/updates then you got the performance/crashing

CrimsonWing6918h ago

I don’t think anything can compare to 2023

lucasnooker18h ago

1998 - the best year in gaming! Metal gear solid, crash bandicoot 3, medievil, half life, ocarina of time, thief, tenchu, resident evil 2, Spyro, tomb raider 3, oddworld abes exodus, banjo kazooie.

It was a different breed of a gaming era. You’ll never understand what it was like back then. The aura of gaming, it was different!

KyRo17h ago(Edited 17h ago)

I second this. Gaming was a lot more varied and fun than it is today. I'm 35 so getting on compared to some here but I got to see all the changes from NES up to now but I've never felt so disappointed in any generation than I have this current gen. I was expecting more from this generation rather than prettier versions of games that came before it. Game mechanics have become so refined that alot of games feel the same and has done for a while now.

Maybe it's time to have a break for a while. I love gaming but I don't feel I get much fun in the traditional sense out of it anymore.

CrimsonWing6917h ago(Edited 17h ago)

Metal Gear Solid, Resident Evil 2, Abe’s Exodus, and Ocarina of Time are the only things from that list that I liked.

Here’s the 2023 game releases that I personally liked… and big releases that I didn’t care for:

- Dead Space Remake
- Wo Long Dynatsy
- Resident Evil 4 Remake
- Diablo 4
- Fire Emblem Engage
- Hogwarts Legcay
- Street Fighter 6
- Hi-Fi Rush
- Like a Dragon: Ishin
- Octopath Traveler 2
- Final Fantasy Pixel Remasters
- Final Fanatsy XVI (actually ended up not liking this, but it was still a big deal release)
- Baldur’s Gate 3
- Armored Core VI: Fires of Rubicon
- Lies of P
- Mortal Kombat 1
- Marvel’s Spider-Man 2
- Starfield (Ended up hating this one, but big release)
- Super Mario Bros. Wonder
- Zelda: Tears of the Kingdom (I’m an old-school Zelda fan, but didn’t really enjoy this game)
- Alan Wake 2

I mean, honestly I’ve never seen a year of major IP releases like that, ever.

Profchaos14h ago(Edited 14h ago)

Isn't it just a generational thing realistically.

I've been gaming since way back and I some of my favourite games go as far back as the late 80s for me each generation has a year or two of game changing releases one after another before an inevitable dry spell.

I kind of agree gaming had a different feel games hit different because we didn't have the internet nothing got spoiled and you really had to put in the effort to beat a puzzle which could set entire groups of people looking for a solution. But most importantly games were experimental and not as cookie cutter as today even basics like controls were not universal today r2 is shoot l2 is ads garunteed you can't deviate from that in a shooter back then it could of been square, R1 or R1 and circle nothing was standard.

But as time moves on a new generation picks up their controller they are going to be interested in different things that PS1 demo disc with the t Rex blew our primitive 16 bit brains back on launch but to kids today it's laughable.
The new gen of kids coming into to hobby seem to value different things to us there seems to be a huge focus on online play, streamers, gaming personalities, and social experiences, convience of digital downloads. To me I value none of that but that's ok like my parents not liking the band's I would listen to its just the natural cycle.

Gameseeker_Frampt5h ago

Just about every year in the 7th generation was great and something we most likely won't experience again.

2009 for example had Assassin's Creed 2, Batman: Arkham Asylum, Dragon Age: Origins, Uncharted 2, Halo 3: ODST, Killzone 2, Borderlands, Bayonetta, and Demon's Souls to name a few.

just_looken2h ago

It still amazes me we got over 7 rockstar games ps2/ps3 but 3 for the ps3/ps4/ps5

Dragon age 1-3 and mass effect 1-3 in 7ish years what a generation.