Sony Continues to Bleed!!!!

[CaptainZombie]

http://www.bloomberg.com/apps/news?p...d=axhzsmkpSGp0

Quote:

Bloomberg posted:Games Division Loss The Networked Products unit which includes Sony’s PlayStation game machines, Vaio computers and Walkman media players, posted a 39.7 billion yen loss, compared with profit of 4.6 billion yen a year earlier, because of lower software sales and the stronger yen, Sony said in a statement. Sony sold 1.1 million PlayStation 3 consoles and 1.3 million PlayStation Portable machines in the quarter, down 31 percent and 65 percent respectively from a year earlier. The company last month led the U.S. video-game market to its biggest monthly sales drop in nine years as a lack of new hit titles discouraged game shoppers. June sales of PlayStation 3 plunged 59 percent, while the total revenue in the U.S. game market tumbled 31 percent, NPD Group Inc. said July 16. Nintendo, the world’s largest maker of video-game players, today reported a 61 percent drop in quarterly net income as sales of its flagship Wii game consoles declined for the first time since the product’s introduction in 2006.

At this point, if they are losing about $100-$130 a system, I don't know if the rumored slim will help. If a slim releases and sales do not go up from there, they will be in even more trouble.

[Altimus]

Rough generation for Sony.

I just hope all this doesn't knock them out for the PS4.

[AtlantaFalconFan]

not really its better then expected and look at the shares they are up over $2.00

sony will be just fine and holiday season is coming and people will start buying t.v's , PSP, ps3, ps2's will be bought.

considering that sony beat peoples expections on there loss this quarter this is very good news for the company and seems that they are headed in the right direction.

[AtlantaFalconFan]

Quote: Originally Posted by Altimus

Rough generation for Sony. I just hope all this doesn't knock them out for the PS4.

no way ps3 is one of the posistive things for them because its been solid not great but solid the thing that is hurting sony is the T.V department because of competition from samsung and other companys hence the reason sony is trying to make cheaper t.v and signing a deal with sharp.

sony can make a lot of money on some of there movies like Infamous and Uncharted i think they will be fine like i previously posted earlier.... MS posted BIGGER lose this quarter that wasnt expected

[TheBadazz]

Quote: Originally Posted by AtlantaFalconFan

MS posted BIGGER lose this quarter that wasnt expected

Yeah but I heard the Xbox Division made a profit.

[AtlantaFalconFan]

Quote: Originally Posted by TheBadazz

Yeah but I heard the Xbox Division made a profit.

Microsoft's entertainment division shipped 1.2 million Xbox 360s in the quarter, and posted a huge $130 million loss on $1.2 billion in revenue.

The operating result for the entertainment division was a loss of $130 million on revenue of $1.19 billion, compared to a loss of $171 million on revenue of $1.59 billion in Q4 2008.

For Microsoft as a whole, revenue dropped 17% and operating profit dropped 30%. Those are very bad numbers for Microsoft.

Can Microsoft lower the price of the 360 again if it already looses so much money now ?

If not, what can MS do when Sony cuts the PS3 price ?

Will MS have to close even more studios ?

Do you think it means the 360 is in trouble ?


i found this article from vgchartz.com

[23]

MS can start by making a system that doesnt break on their customers guarantee, and Sony can stop making uber expensive electronics when everybody knows its not necessary

[Flawless]

Quote: Originally Posted by TheBadazz

Yeah but I heard the Xbox Division made a profit.

Yep, despite the 4th quarter losses the Entertainment & Devices Division turned a profit for the second year in a row.

Quote:

Microsoft released today its financial results for the fourth quarter and full fiscal year. Even if the Entertainment & Devices Division (which includes the Xbox, Zune, Windows-based PC and online games and services, Mediaroom and the Surface computing platform) saw its revenues down in the fourth quarter, the division recorded its second straight year of profitability and mostly thanks to the Xbox business. In the three months period ended June 30, 2009, Microsoft's Entertainment & Devices Division saw revenues fall 25 percent year-over-year from $1.59 billion to $1.19 billion, but the main reason for that decline wasn't the Xbox business. Revenue from non-gaming business fell $291 million or 42%, primarily reflecting decreased Mediaroom and Zune revenue. Meanwhile, Xbox 360 platform and PC game revenue decreased only 12%, primarily as a result of decreased revenue per Xbox 360 console due to price reductions during the past 12 months. This decrease in Xbox 360 hardware revenue was partially offset by increased Xbox Live revenue. During the quarter, Microsoft shipped 1.2 million Xbox 360 consoles worldwide, compared with 1.3 million Xbox 360 consoles during the fourth quarter of fiscal year 2008. For the 12 months ended June 30, 2009, Microsoft's Entertainment & Devices Division revenue fell $292 million or 12%, primarily because of decreased Zune and PC hardware product revenue. The Xbox 360 platform and PC game revenue decreased only 3%, primarily as a result of decreased revenue per every system sold because of the price cuts implemented to the Xbox 360 console during the past twelve months. But even if Microsoft made less per every Xbox 360 system sold, increased Xbox Live revenue and higher Xbox 360 system sales helped mitigate the overall decreased revenue . During fiscal year 2009, Microsoft shipped 11.2 million Xbox 360 consoles compared with 8.7 million Xbox 360 consoles during fiscal year 2008. These last figures explain why the Xbox saw its second straight year of profitability and even if the Entertainment and Devices posted an operating loss of $130 million in the fourth quarter, it ended fiscal year 2009 with an operating income of $169 million.