PS3 helps put Sony back in black

GameSpot: Electronics maker posts $295.2 million profit thanks in part to rising demand for console; game division revenue up 32 percent, but exchanges rates keep game unit from profitability

After a year which saw a steady drumbeat of quarterly losses, Sony is back in the black. Today, the electronics giant reported profits of 25.7 billion yen ($295.2 million) for the April-June quarter, up from a 37.1 billion yen ($426.7 million) loss the year prior. Overall earnings were 1.66 trillion yen ($190.9 billion), up from 1.56 trillion yen ($179.4 billion) the year prior.

[Poseidon]

acdc rocks

[DelbertGrady]

Something we can agree on :)

[INehalemEXI]

http://www.youtube.com/watc...

Let there be Rock.

[Hellsvacancy]

I was gonna use the Black To Black album cover but thought all those uneducated music listeners would report it as "not game related"

http://www.youtube.com/watc... BEST ACDC SONG EVER

[theKiller]

thats more than many countries GDP!!!

all these giants makes trillions of USD in a decade and when a financial meltdown occurs they act as if their trillions vanished because they lost only 50-100 billion USD!!

this applied on all giant companies!!!

[Anon1974]

The PS3 increase year over year increased by over one million.

Gamespot says "During the quarter, 2.4 million PS3s worldwide were sold, an increase of 200,000 units from the year prior."

Look at Sony's site. http://www.sony.net/SonyInf...

The same quarter last year saw PS3 sales of 1.1 million. Now it's 2.4 million.

2.4 million minus 1.1 million is not 200,000 consoles.

The sad thing is there was an article submitted last night that had the correct information, but it was killed other by users who falsely reported it as a duplicate. The mods ignored it.

http://n4g.com/news/573064/...

I guess being first and having the correct information doesn't count for much if you're a small site trying to post on N4G. We're subjected to flamebait articles from no-name sites on a daily basis but real, accurate news doesn't cut it? Expect your articles to be repressed in favor of larger sites with the wrong info. Sad.

[Cloudberry]

.
Moar JRPGs pleae.

[RageAgainstTheMShine]

Yeah as back to black as Godzilla!
PlayStation is brand is the Godzilla of consoles!
Indestructible brand!
Don't make it angry or else... http://www.youtube.com/watc...

[ChronoJoe]

Sony should start publishing and localize the JRPGs that crappy publishers like Namco don't bother to, localize.

Don't even need English voices. People will buy.

[himdeel]

...and I'd purchase them in a heartbeat. Oh and an online instructions manual in english would be cool. I can print it off if I needed to.

[HorsePowerr]

PS3 is awesome now. Simple as that.

[Greek God]

Its the Heaven for Gamers

[Commander_TK]

is great, PC gaming is the ultimate experience. Don´t forget Steam

[Chimerhazzard]

LOL, sorry but no.

The current state of PC gaming was what lead me to buying my PS3 on the first place. Don't get me wrong, I used to be a devote PC gamer but I was feeling I was starting to miss out on too much games, games that used to be "multiplataform" and released on both the consoles and PC but that more and more started to be "console only". Red Dead Redemption is a good example of this, altough I still hope there will be a PC version, which in case there is, I will promptly buy.

While I agree that a PC provides a gaming environment better than the consoles do for some types of games (this is particulary true for FPS or third person shooters) there is NO way that PC gaming is "the ultimate experience". There are just too many good games on PS3 for a real gamer to just keep using a PC.

The Xbox360 has some very good games too, specially the Mass Effect series, but fortunately you can play most of those in a PC.

[Commander_TK]

Also, if u only game on PS3, you´ll miss out tons of great PC exclusives also. Don´t that the PC is the platform with the most exclusives

[Chimerhazzard]

I still have my PC... well I game on 2 PCs actually, so I get he best of both worlds. I just don't think that is fair to call the PC "the ultimate experience", because gaming in consoles is just as good. I do not mean to imply that PC no longer has good exclusives, it still does. Look at Starcraft 2 for instance. But consoles tended to have a bigger flux of good games for the past few years... Good games like starcraft 2 come to the PC's once in a while... I am getting great console games like Heavy Rain, GOd of War 3, Uncharted 2 and Red Dead like every month... there's so many new games that I can't afford the time to play them all :D

But I agree with you, PC still has great exclusives, and many of them free. Like Alien Swarm. I love that game.

[djfullshred]

I think it depends on your PC if it is the "ultimate experience".

Mine is definately not the ulitmate gaming machine. And too many good games are not even being made for PC. So even if I had a kick ass rig, I would not consider it "ultimate" when many of the games I want to play are not made for PC.

[Omar91]

go sony

[NYC_Gamer]

i'm happy that ps3 is making sony alot of profit

[Johnny Rotten]

where's Omega? that kid loves sales!!

[fuckoffodion]

Trust me. He's thinking of spin right now. It's only a matter of time before he comments. lol

[Sonic the Hedgehog]

Time to relax after all that spinning!

[jneul]

he's hiding somewhere after ps3 shipments and financials came in ps3-x360 gap 3million now lol

[Dance]

it was the ps3 that bleed sony in the first place but its nice that all 3 major companies are in the clear

[raztad]

This is actually true. However the long term strategy for the PS3 is starting to pay off. Lets not forget PS3 is more than gaming, but BD (HDTV) and now 3D.

[iceman06]

It was the perfect storm of economic decline which caused decreased demand for other consumer electronics (which includes TVs, surround sound equipment, dvd/blu-ray players, computers, cameras, etc.)that Sony often used to pad the costs of the Playstation division. Unfortunately for Sony, they are primarily a hardware driven export company that was forced to try to sell their wares in an unsure economy. Glad to see them back in black...if only for the selfish reason of them being around to provide great games and consoles for years to come.

[cliffbo]

ah fellas, it's going to be so much fun when the PS3 passes the 360 early next year. can you imagine what it's going to be like on here. CAN'T wait

[Fred-G-Sanford]

"ah fellas, it's going to be so much fun when the PS3 passes the 360 early next year."

[Dellis]

Now lower the price already

[aCHU]

Bitch get a job :)
..

OT: woohoo sony makin profit means more AAA games a year and more AAA studios to buy ..

[GiantEnemyFlop]

cool

[360Defender]

The games division still post's a $43,000,000 loss...

HAHAHAHAHA!!!

MS made $4.1 BILLION last quarter alone! Sony sucks financially. Years of massive layoffs, closed divisions, product cutbacks and they can still only barely muster a profit. Their electronics products are overpriced. Their lead in the TV industry is destroyed. Samsung has demolished them in flat panel sales, they even trail RCA. Keep blaming the exchange rate, but other far east companies continue to do just fine. Sony is a shadow of its former self.

[stuna1]

Your funny!

[aCHU]

theres really no such thing as defending the 360,cuz you cant :)
but i guess wen all else fails desperation mode from the 360 cheerleaders comes into play :)

....

[edhe]

It's good for MS that Sony can turn a profit - it'd be awfully lonely without them.

[raztad]

Whatever. Only 3.6m to go buddy. Dont kill yourself when THAT happens.

[edhe]

Funny - sony fans are saying "look woo we're catching up haha" when what they should be saying is "wtf, how did we lose a 100m unit gap from last gen?"

[himdeel]

...people are still buying PS2 so if you're referring to Playstation brand MS won't catch up since they are only currently selling one console.

[writersblock]

Are...you....slow?

You're saying that Sony lost that 100 mill gap? Hahaha, dumbass. If you count all consoles released from 1-3 so far, sony has a good 150 million units sold more than MS

[WLPowell]

Sony never dropped a 10 million sale lead like MS. 3.5 mil to go (Gran Turismo 5 HAS NOT SHIPPED YET AND IT HAS ALWAYS MOVED CONSOLES!), enjoy consolling yourself with shovelware, broken hardware, multiplats, and an exclusive or two a year. WELCOME TO YOUR OWN PERSONAL HELL!

[HeyImWiiTARDED]

Over all Sony made 179 billions in profit. The sales gap between Xbox 360s and PS3s is closing real fast, all PS3s now are selling for a profit. Sony's electronics are still the best in the world. You're just a M$ cheerleader, cheering for rrod and xbl fees.

[edhe]

"Sony's electronics are still the best in the world"
And you're calling someone else a cheerleader... o_O

NB all that profit is spent. That's why sony were in the red in the first place.

[writersblock]

I said it someone else, Ill tell you as well:

Until you start running your own multi-billion dollar multi-national corperation like sony, shut up. You think you're some sort of financial smart ass, and the people running sony arent? Well, thats why you're writing this out of your basement and those people are controlling a huge businesss

[punisher99]

@360Defender: Wow what a desperate attempt to grasp straws. But you failed miserably.

[iceman06]

You do realize that Sony is a HARDWARE company right? The years of layoffs and closed divisions were a direct result of corporate restructuring...which happens when a recession hits. These moves were basically made to position them to start to see profit after bloating themselves with all of the profits from the PS1 and PS2. Sony, being a export company, was hit hard because their "overpriced" hardware actually became MORE overpriced due to the dollars failing power against the yen. Thus, creating less money in the "pipeline" and less demand. MS was able to maintain their profit margin because they are a HUGE SOFTWARE company first. They provide "vital" software for just about every computer that ships out (read monopoly...not hating just saying). They can take a $1 billion + hit on hardware issues and not really bat an eye...because they can fall back on Windows to subsidize any losses with profit from other divisions. All three companies are in decent shape right now. There's no reason to waste all of that energy in hating on Sony!

[PSjesus]

I stopped playing pc games since PS2 released except for ME1,2 and yet not worth to switch.
PS is most remarkable gaming brand and well not end any time soon.even Nintendo failed in 2 Gens they managed to made Wii.

[tiamat5]

Omega is not here to say something negative? The good news just keeps on coming. They can only go up from here

[cliffbo]

lolol... this is incredible. that gap has been reduced to 3.6 million and STILL the 360 owners are mouthing off. how can you lot dare show your faces, let alone try to pull down facts? i'll tell you why i've got this attitude now... i've got this attitude because of 3 years of ragging on the PS3 from fanboys and this site. now, i just want to see you lot suffer

[supremacy]

in fact i remember reading this http://www.qj.net/qjnet/new... not too long ago..this to me says that this company is more than a shadow of its own.

[bviperz]

More profits equal more games. Awesome.