The lights are on
Sony posted a record loss for the last fiscal year ending on March 31, 2012, and that's partly due to lower hardware and TV sales.
Revenue for the company's Consumer Products and Services division, which houses both video games and TVs, was down 18.5 percent from the previous year, and the division posted a net loss of approximately $2.9 billion. Previously it posted over $135 million in profit. Overall, Sony's losses widened from the previous fiscal year to $5.7 billion.
Worldwide, Sony sold 13.9 million PS3 units for the fiscal year, which is down slightly from 14.3 million the previous year. At least software was up, however, with 156.6 million units sold worldwide, as compared to 147.9 million in fiscal year 2010. The company says that 1.8 million Vita units have been sold worldwide as of the end of March.
Sony expects profits of $376.5 million for the current fiscal year.
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duh its the tvs
I dont give a rats behind about this entire article.
MY PS3 out performs the xbox by 10 years!... and i dont care I Love My PS3.. and will spend my cash on a PS 4, 5, 6, 7, and the exclusive Gamestop Playstation 10..
Microsoft you want my money and cant have it.. now what!
I have read thing after thing about how sickening Sony's customer service has become. They seem to have truly turned to a policy of wear people out until they give up. Pretty sad. I always liked Sony, but now when I buy a Sony product, I know it's a risk. And I don't really like them anymore, console or otherwise. The weekly PS3 system update killed me on their system, that's for sure. Unacceptable. Out of touch.
they are facing the same thing as Nintendo.
I'm surprised they didn't mention that hacking debacle.
I for one don't do anything that's japaneese. I have a korean tv and china made xbox. The japaneese shun our products even though some are superior so i will not buy any of there crap. Plus i don't like playing games where the characters look like blonde man/woman thingies with linear boring stories and the god awful voice acting. just my opinion though. *puts on flame suit*
Ah money news. Never seems to matter to companies as big as Sony.
If Sony would just implement PS One support as well as PS2 for the Vita and speed up changing over formats for all the PSP games to the Vita , theres hardly anything to play on the damn thing worth playing.
I believe Sony can get out of this slump they are currently having by making SMART decisions involving their hardware and software. Sony, you can save yourselves but it's up to you if you want too.
I feel like their doing so bad in part because it was a week after Vita's release that I even knew it was out. Also the Move system they developed went right past my head, they can make great software, it's just that they suck at advertising them and building hype. They should also focus on making some good games for Vita that actually get advertised. It's just infuriating cause I love this company and their products but it's like they don't even try to make me want their products, uh, just my opinion
Serves them right. Hope they all burn. Well the company anyway. JUST KIDDING!!!.What i really hope is that console exclusive games die out but not console exclusive content.That is my dream of the future of the gaming world.
playstation sony $376.5 million year wow
I frequent destructoid, joystiq, and gamasutra and i hardly ever see the level of blind brand loyalty that i've seen in the first page of this comments section. People are comparing Sony's losses to Microsoft and Nintendos, saying that everyones in the same boat. This is really far from the truth. What is true is that during the late 90's the Playstation division was responsible for more than 65% of Sony's worldwide profits year on year, this carried on during the PS2 era, and ended very abruptly though maybe 6 or 7 years ago. Since then they have been sustaining heavy losses year on year, losses which have not been offshadowed by profits in their other divisions unfortunately.
Holy Crap... That's a lot of money...