IGN: "PlayStation 3 has been out since 2006 and has sold millions and millions of units. Would you believe that Sony has been taking a loss on each of those systems sold?
We're only bringing this up because it looks like the losses are gong to disappear shortly. Sony Chief Financial Officer Nobuyuki Oneda told a press conference in Tokyo today that Sony has managed to get its PS3 losses down to somewhere between 10% and 20% of the system's retail price. It expects that figure to fall into the single digits before the end of the year, then turn into a profit some time during the next fiscal year. "
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.
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.
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"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.
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.
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.
They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -
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.
Fortunately for now, the PS2's viability does help absorb losses.
But now with the new redesign and software sales for the PS3's now sizable continued growing userbase, profitability is an inevitability.
It always was, really.
*insert the PS3 is so doomed comment*
That's really good. Things are looking up for Sony.
You're about 5 billion dollars too late Sony.
where's the 360 fanboys at that post Sony's profits losses like its a big deal. Look Sony has lost money on all first launched Playstation Platforms, now this is where you fanboys are Ignorant Sony supports a console for as long as there is demand, look at the Ps2 for F**K's Sake its still selling they aint like M$ they dont abandon their products. The Original Xbox could of had more success had they not quickly dropped support to rush out one of the worst consoles on the market the XBox 360. Come on the RROD issues thats not next gen, who wants a console that will Malfunction 75% of the time. The only game I think that showed of true power of the 360 was Gears of War and maybe Fable series, but thats why i have a PS3 i haven't been let down yet. Plus i might buy a 360 (does anyone know when its gonna be $100) but thats only for Gears of War and Fable.
wasn't as strong vs the Amercian Dollar...unfortunately most economists are projecting the US dollar to tank even more and this will hurt SONY's chances of turning a hardware profit in 2010 imo.