Sony Reports First Loss in 14 Years

PhoenixFlame

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Onmi said:
Does it make me an evil bastard to own multiple consoles while living in one of the few countries not going into recession?
Just makes you lucky. But the lack of competition between consoles will hurt the quality of games overall. Imagine if you only had the 360 to pick from for games, or the Wii maybe?

Competition in the industry is a good thing, not a bad thing.
 

super_smash_jesus

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fsanch said:
Onmi said:
Does it make me an evil bastard to own multiple consoles while living in one of the few countries not going into recession?
Just makes you lucky. But the lack of competition between consoles will hurt the quality of games overall. Imagine if you only had the 360 to pick from for games, or the Wii maybe?

Competition in the industry is a good thing, not a bad thing.
agreed completely. Even though I don't play, nor do I want to play the ps3, it is never a good thing for one company to have no competitors, because it then lacks the motives to excel.
 

CoverYourHead

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Did Sony think that the PS3 was going to sell that well this year to make 2 billion? Sounds strange to me, perhaps they just expected a lot of sales in their few good exclusive titles this year. The PS3 is not the console for lots of games for little cash, but perhaps you shouldn't trust me; I'm a xbox 360 owner.
 

batmantis275

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fsanch said:
Honestly, this isn't surprising, considering the combination of factors that are hurting the PS3 sales - a combination of what I would call underperforming sales on the "big name" titles, from Little Big Planet, to Resistance 2 and more (with the notable exception of Metal Gear Solid 4, no title moved consoles this year), as well as a "months behind" online experience in Home and perhaps most telling, the bad timing of selling something that is worlds more expensive in a painful economical climate.

Clearly even with all these issues, the PS3 still subscribes to what was said at this year's E3 by Sony themselves - that the PS3's immense hardware and media capability is a long-term decision that won't bear fruit immediately. But I wonder at how, with the emergence of the Wii as the "casual" gamer's system and the 360 being the console of choice for the college-age, action-oriented, dependence-on-parents-with-disposable-income crew, how a full-fledged multimedia system like the PS3 will find its way into the homes of its target demographic.

I'm no expert, but I'd honestly take a hard look at what the PS3 is actually offering, check the price tag vs. the return on investment given the economical climate, and make adjustments accordingly. I really like, as a PS3 owner, I'm being sold on multimedia capability and entertainment value on one hand and exclusive game titles on the other. If Sony's aim is to be the full multimedia experience system, then the appeal of the system has to be marketed more towards that rather than towards titles which smack of "eggs in one basket" in terms of profits.
I agree entirely. I also (maybe naively) believe in the "long-term decision that won't bear fruit immediately" angle that Sony has. Just based on the hypothetical capabilities, I still think the best is to come. I think the most important distiguishing characteristic between all the consoles is going to be the size of a blu-ray disk. In maybe another 8 to 15 months games are going to get too big for DVDs. They'll NEED to be on blu-ray to have any decent length or HD content. Going to HD and the latest and greatest is going to require larger textures, larger maps, and larger file size. All the other stuff, graphics, gameplay, content, etc... theirs a chance that those can be equal between all the systems. But in order to make up for the shear size of games, the blu-ray will come out on top.
 

Arcyde

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well wouldnt this mean sony would finally decrease the price for the PS3?
 

Jumplion

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Well, is anyone really surprised? I mean really, is there any need to discuss this? At all? It's like, what, "Sony loses money because of the recession", no shit people are going to lose money in a depression.

So really, all I can say is, "No shit Sherlock"? I mean, it's not like it wasn't expected, and while it is a tremendous loss, it's not going to do much overall to anything really. Just another company impacted by the recession.
 

cleverlymadeup

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ZeroMachine said:
sirdanrhodes said:
Anyone still hopeful of the PS4?
Was anyone?

This isn't shocking at all. With the financial crisis piled on with the PS3 not selling too well, Sony was bound to lose a lot.
actually if you read another story [http://www.escapistmagazine.com/forums/read/7.82644] on this site you'll actually see the ps3 is selling more than the 360 is

the thing is it's only not doing as well in north america, in japan the ps3 is killing the 360, if they only took one weeks worth of ps3 sales it would still outsell a months worth of sales of the 360 in japan and it's been like that for most of the past 2 years

as for the story on hand, that's not surprising. they only make high prices crt tvs and lcd's now and not a lot of ppl are buying them cause of the economy
 

Aura Guardian

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Onmi said:
Well that sucks doesn't it.

Whats in the core electronic division?
Games and Hardware my friend.
The PSP and PS3 aren't selling as good as the other systems. And there games which some are pretty good, are selling either.
 

GloatingSwine

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Kyuumi said:
Love how it says Sony "Reports" First Loss.
Why? Sony have posted a loss in their yearly Financial Report. That is how the world of corporate finance works. Companies produce quarterly and annual reports of how much money they have made, which is used to calculate things like share dividends paid to shareholders (and hence affects trading of shares and hence share value.)

These reports are beholden to be accurate, in a sort of "all of you go to prison for fraud if they aren't" way.
 

GloatingSwine

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cleverlymadeup said:
the thing is it's only not doing as well in north america, in japan the ps3 is killing the 360, if they only took one weeks worth of ps3 sales it would still outsell a months worth of sales of the 360 in japan and it's been like that for most of the past 2 years
Which is still gold at the special olympics compared to the sales of the Wii and DS. The PS3 might sell more than the Xbox 360 in some regions, but there are no prizes for outselling one competitor, you also have to make money, and the PS3 is not selling well enough, selling at a loss, and not selling software well enough, to do that.
 

Brett Alex

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sirdanrhodes said:
Anyone still hopeful of the PS4?
No one even remembers the game cube do they? As badly as the PS3 is selling, its not gonna put Sony under. Not by a long shot.
 

Ronwue

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Interesting bit of news. Hope they recover. I like game developers employed :D
 

shatnershaman

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ElArabDeMagnifico said:
Wait what? FIRST Loss? What was all the doomsaying about earlier then?
First loss for Sony in general, not just one of its divisions.

I wonder if this is why they made their netbook $400 more than the rest.