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Sony game group down $2 billion
Posted: Fri May 18, 2007 12:04 pm
by satman83
PS3 maker's game division posts $914 million loss for the first three months of 2007--and more than twice that for the full fiscal year.
lol 
Some customers might think the PlayStation 3's $599 retail price is high, but that's chump change compared to what the machine is costing Sony. The electronics giant today posted its financial results for the fiscal year and fourth quarter ended March 31, and as analysts predicted, the game division racked up significant losses.
For the fourth quarter alone, Sony reported an operating loss of $914 million from its game division, attributable primarily to the PS3. Sony's new machine was also responsible for a bump in gross revenue, as the company's gaming segment racked up sales of $2.4 billion and helped push company-wide sales to $17.7 billion, up 12.6 percent from the previous fourth quarter.
The full-year picture for Sony's gaming division was similarly grim, with the PS3 driving an increase in revenue, as well as operating losses. For its full fiscal year 2006, Sony's gaming group posted revenue up 6.1 percent to $8.6 billion, but suffered an operating loss of nearly $2 billion.
Full Story Here
Re: Sony game group down $2 billion
Posted: Fri May 18, 2007 12:14 pm
by hadioz2004
satman83 wrote:PS3 maker's game division posts $914 million loss for the first three months of 2007--and more than twice that for the full fiscal year.
lol
Some customers might think the PlayStation 3's $599 retail price is high, but that's chump change compared to what the machine is costing Sony. The electronics giant today posted its financial results for the fiscal year and fourth quarter ended March 31, and as analysts predicted, the game division racked up significant losses.
For the fourth quarter alone, Sony reported an operating loss of $914 million from its game division, attributable primarily to the PS3. Sony's new machine was also responsible for a bump in gross revenue, as the company's gaming segment racked up sales of $2.4 billion and helped push company-wide sales to $17.7 billion, up 12.6 percent from the previous fourth quarter.
The full-year picture for Sony's gaming division was similarly grim, with the PS3 driving an increase in revenue, as well as operating losses. For its full fiscal year 2006, Sony's gaming group posted revenue up 6.1 percent to $8.6 billion, but suffered an operating loss of nearly $2 billion.
Full Story Here
Interesting
Posted: Fri May 18, 2007 1:50 pm
by BrokenSaint
satman, the CNN reporter for SRF!!!
Posted: Fri May 18, 2007 2:04 pm
by [SD]bizzle
they deserved for selling so fking expensive
Posted: Fri May 18, 2007 2:05 pm
by BrokenSaint
[SD]bizzle wrote:they deserved for selling so fking expensive
Foshizzle bizzle. Let's boycott their shiz and make them lower the prices! Down with sony!!!!
Posted: Fri May 18, 2007 2:08 pm
by satman83
BrokenSaint wrote:satman, the CNN reporter for SRF!!!
ummm thanks... 
Posted: Fri May 18, 2007 7:21 pm
by the.unseen.
[SD]bizzle wrote:they deserved for selling so fking expensive
LMAO it's not expensive a normal Blu-Ray dvd player cost just as much as and Ps3 plus Ps3 can do more.
Posted: Fri May 18, 2007 7:37 pm
by BlackFox
satman83 wrote:BrokenSaint wrote:satman, the CNN reporter for SRF!!!
ummm thanks...
You have hard time now satman LOL
Posted: Fri May 18, 2007 8:22 pm
by Anh_Hung_Rom
Hide! Fanboi strikes again!
Posted: Fri May 18, 2007 9:54 pm
by [SD]bizzle
its is expensive in England it came out £430, if thats cheap them buy me one ok?
Posted: Fri May 18, 2007 9:59 pm
by satman83
[SD]bizzle wrote:its is expensive in England it came out £430, if thats cheap them buy me one ok?
+1 lol yea...and at £50 a game (almost $90) theres no way in hell any one
can justify the price of the console
Posted: Sat May 19, 2007 1:13 am
by Blackchocob0
*Eats the spam.*
Hehe I kid I kid.
Posted: Sat May 19, 2007 1:31 am
by Alfred
Who pays 650€ for a gaming console?
Wii ~270€
Xbox360 ~380€
(swedish prices)
Posted: Sat May 19, 2007 2:04 am
by Avalanche
People who say the PS3 is expensive are retarded.
Posted: Sat May 19, 2007 2:28 am
by BrokenSaint
PS3 is expensive.
Posted: Sat May 19, 2007 2:40 am
by Avalanche
BrokenSaint wrote:PS3 is expensive.
It is not like they overpriced it, if you want a good console it is worth the money.
Posted: Sat May 19, 2007 2:42 am
by [SD]bizzle
AvAlAnChE1 wrote:BrokenSaint wrote:PS3 is expensive.
It is not like they overpriced it, if you want a good console it is worth the money.
then u can say there fault for making something that would be too expensive for people to buy, if it wasnt expensive why did they lose so much money?
Posted: Sat May 19, 2007 2:44 am
by Avalanche
Most people can afford it, but they bought an XBOX thinking it was the same thing for a lower price.
Posted: Sat May 19, 2007 2:50 am
by XemnasXD
welcome all to the age of Wiii
Posted: Sat May 19, 2007 2:59 am
by Avalanche
Wii has ps2 gfx.
Posted: Sat May 19, 2007 3:00 am
by [SD]bizzle
AvAlAnChE1 wrote:Most people can afford it, but they bought an XBOX thinking it was the same thing for a lower price.
i am 1 of those ppl, i just dont think its worth it just my opinion well right now, anyway this benefits me they will lower price soon because of this
Posted: Sat May 19, 2007 3:07 am
by Avalanche
Does XBOX has bluetooth? Can the XBOX play blue ray discs?
Those two features alone added to the XBOX would make it more expensive than the PS3.
Posted: Sat May 19, 2007 3:15 am
by the.unseen.
AvAlAnChE1 wrote:Does XBOX has bluetooth? Can the XBOX play blue ray discs?
Those two features alone added to the XBOX would make it more expensive than the PS3.
Lol Xbox360 admitted that Blue-ray was way better and are releasing and add on which will cost around $200 or so in my guess.
Posted: Sat May 19, 2007 3:22 am
by Avalanche
Exactly, and it doesn't even have a 60gb HD and will cost the same or more. With less features. PS3 lost money because THEY DID NOT HAVE ENOUGH FREAKIN GAMES. That is all.
Posted: Sat May 19, 2007 3:22 am
by the.unseen.
AvAlAnChE1 wrote:Exactly, and it doesn't even have a 60gb HD and will cost the same or more. With less features. PS3 lost money because THEY DID NOT HAVE ENOUGH FREAKIN GAMES. That is all.
Well when socom is released it will change alot.
Posted: Sat May 19, 2007 3:26 am
by Avalanche
Does not matter. They need at least 20 more video games.
Posted: Sat May 19, 2007 3:29 am
by the.unseen.
AvAlAnChE1 wrote:Does not matter. They need at least 20 more video games.
Maybe but socom is play station most successful online series.
And I know alot of people who are just gonna buy ps3 once it comes out.
Posted: Sat May 19, 2007 3:30 am
by MrJoey
MGS 4 is still exclusive correct? That'll send up some ps3 sales.
Posted: Sat May 19, 2007 9:34 am
by satman83
lol what an angry misinformed sony fanboy ROLF
AvAlAnChE1 wrote:Most people can afford it, but they bought an XBOX thinking it was the same thing for a lower price.
lol no not really, most people cant afford to spend $600+ on a console
and games that are no different from a Xbox360 in terms of qualityAvAlAnChE1 wrote:Wii has ps2 gfx.
lol silly fan boy, the gamecube had graphics 2 times better then the PS2
and the Wii has graphics 2 times better then the Gamecube...so you
figure it out...and if you dont belilve me look at the Wii's specs, its just
because only a few games really show how good it is, like 360 and PS3
(godfather, DBZ:BT2, LoZ:TP)AvAlAnChE1 wrote:Exactly, and it doesn't even have a 60gb HD and will cost the same or more. With less features. PS3 lost money because THEY DID NOT HAVE ENOUGH FREAKIN GAMES. That is all.
lol yea thats why theres a Xbox 360 Elite coming out with a 80GB harddrive
and its still cheaper then the PS3.
oh and for your information....as limited and misinformed as it is
the PS3 and sony have made a HUGE loss because the PS3 is full of
useless untested hardware that means each console costs around $1200
to make, thats why there no longer a 20GB model because there making
a huge loss on each console they sell...also why PS3 games are so
expensive when they come out. they sold it at $600 because they knew
that was the cheapest they could sell at to make the least loss and the
most anyone would pay for it
lol face it ok. Sony dropped the fracking ball big time here...and with a
2billion loss in just the few months the PS3 has been out
its going to be a long time before they make a profit again
Posted: Sat May 19, 2007 9:35 am
by satman83
MrJoey wrote:MGS 4 is still exclusive correct? That'll send up some ps3 sales.
well rumor is (50/50) that theres going to be a XBOX360 version as well
and seeing how the game has be delayed for such a long time..and reports
of a now 2008 release maybe its true