User User name Password  
   
Saturday 17.5.2008 / 11:54 AM
Search:        In English   Suomeksi   På svenska
afterdawn.com > news > sony 'playstation' division sees shrinking losses
Show topics
News
News

Sony 'PlayStation' division sees shrinking losses

5 May 2008 16:36 by Andre "DVDBack23" Yoskowitz | 16 comments

Sony 'PlayStation' division sees shrinking losses Sony's videogame unit, sometimes known as the "PlayStation" unit, has announced that it is expecting to see its losses shrink by about $956 million USD for the 12 months ended March 31, 2008. Because of PlayStation 3 start-up costs , the previous 12 month period had seen the division lose about $1.43 billion USD.

The figures are according to the Japanese Nikkei daily and the whole corporation is expected to see its operating profit increase five fold. Even with that growth however, the corporation is expected to miss its profit targets.

The January forecast was $3.91 billion USD but the Nikkei predicts that the company will only see a $3.63 billion profit, far below its estimate.

Sales of TVs and digital cameras were very strong for the year and official full year earnings will be released next week. Sony spokespeople said they would not comment on the Nikkei's report.

Permalink to this article | Topics:

Get AfterDawn's news to your favourite feed reader! Share this story with your friends!
 

 
Related articles:

  • Sony shows PS3 production costs are dropping (14 May 2008)
  • Sony unveils new circular media servers (7 May 2008)
  • PSP outsells all other consoles in Japan for April (4 May 2008)
  • Blu-ray Xbox 360 coming for Christmas? (2 May 2008)
  • Sony set to adjust PlayStation Store prices for Canadians (1 May 2008)
  • Crysis maker abandons PC exclusivity, citing piracy (1 May 2008)
  • Blu-ray player sales are falling (30 April 2008)
  • GTA IV sets UK single day sales record (30 April 2008)
  •  

    « Previous news article
    Andersen wants to end the RIAA
    Next news article »
    Independent labels want better iTunes deal
     Post your comment
    Discuss this article! 
    iluvendo (Senior Member) 5 May 2008 16:41 Send private message to this user   
    Everyone is buying PS3 instead of a standalone BD player. Dual purpose and less expensive.
    bdoggie08 (Newbie) 5 May 2008 17:25 Send private message to this user   
    just a great system, but shitty games. Best built system, with a low failure rate, no RROD, and an internet browser. Next it'll cook food and make our coffee.
    JorDogg (Member) 5 May 2008 18:13 Send private message to this user   
    Originally posted by bdoggie08:
    just a great system, but shitty games. Best built system, with a low failure rate, no RROD, and an internet browser. Next it'll cook food and make our coffee.
    If only it made our coffee.... ahh coffee!
    domie (Member) 5 May 2008 18:44 Send private message to this user   
    Bring back the Goblin Teasmaid NOW !!!!!!
    susieqbbb (Junior Member) 5 May 2008 19:09 Send private message to this user   
    no thank you i am happy with my dvd converter that upconverts dvd's to 1080I and besides dvd' are cheaper i am not willing to spend 70.00 for special edition bluray movies when i can get dvd special edition movies for only 30.00
    viny1313 (Newbie) 5 May 2008 19:31 Send private message to this user   
    Originally posted by susieqbbb:
    no thank you i am happy with my dvd converter that upconverts dvd's to 1080I and besides dvd' are cheaper i am not willing to spend 70.00 for special edition bluray movies when i can get dvd special edition movies for only 30.00
    PS3 upscales to 1080P ;)

    Good to hear... Funny how last year was all losses and this year is pretty much the opposite... Must have been the ads :P
    Hunt720 (Junior Member) 5 May 2008 19:43 Send private message to this user   
    Quote:
    PS3 upscales to 1080P ;)
    Very true.

    I mean, if you are going to rely on upscaling your DVD's for the time being... and you own an HD set that supports 1080p (and is larger than 40 inches) you might as well upscale to the highest level.

    But then again.. if you can afford all of these.. you can probably afford a Blu-Ray disc.
    nobrainer (Member) 6 May 2008 3:24 Send private message to this user   
    Originally posted by iluvendo:
    Everyone is buying PS3 instead of a standalone BD player. Dual purpose and less expensive.
    doubtful, and if it was true (lmao) how is this good that sony has basically priced every other manufacturer off of the shelves, what incentive is there to make the players if they cannot compete?


    @ susieqbbb

    exactly that is what everyone is doing.

    Blu-ray hits bumps in the road to HD market dominance
    Originally posted by hyperlink:
    Published: May 05, 2008 - 02:37PM CT

    Mid-February was a good time to be a Blu-ray backer. Media moguls who had championed the technology were busy floating on yachts in the Pacific, chomping cigars, and stroking white longhaired cats; the billion-dollar payday was at hand. But numbers out last week indicate that standalone Blu-ray player sales plummeted in the early part of this year, and enthusiasm for the hi-def format appears as lukewarm as the applause at an REO Speedwagon concert. Where did all the buyers go?

    Last week, both ABI Research and The NPD Group delivered the news: the standalone Blu-ray player market did not suddenly rise up and walk after HD DVD quit the market. Instead, it remained in its bed and took a turn for the worse. NPD reports that player sales dropped by 40 percent from January to February 2008 and increased by only 2 percent the following month.

    ABI argues that the Blu-ray player market won't improve to full health for more than a year, perhaps as long as 18 months. "BD player prices remain high, and supplies are limited," says ABI Research principal analyst Steve Wilson. "This is good for the market because most current players do not support all the functions that studios place on the discs. Lacking support for—or upgradability to—BD Live! or Bonus View (picture in picture), consumers cannot utilize all the available options. Manufacturers would rather sell more fully-featured models."





    The BPI Are: SONY, UNIVERSAL, WARNER GROUP, EMI.
    The RIAA Soundexchange Are: SONY, UNIVERSAL, WARNER GROUP, EMI.
    The IFPI Are: The same anti consumer lot as listed above!
    The MPAA Are: SONY, UNIVERSAL, WARNER GROUP, DISNEY, PARAMOUNT, FOX.

    This message has been edited since posting. Last time this message was edited on 6 May 2008 3:28

    SDF_GR (Member) 6 May 2008 6:55 Send private message to this user   
    Originally posted by bdoggie08:
    just a great system, but shitty games. Best built system, with a low failure rate, no RROD, and an internet browser. Next it'll cook food and make our coffee.
    +plus no need to buy extra staff, like batteries for the controller, external drives, pay to play On-line, and all PS3 versions have HDD.
    viny1313 (Newbie) 6 May 2008 8:08 Send private message to this user   
    The best system is bound to have the best games... Eventually...

    My Christmas list is already full :)
    7thsinger (Senior Member) 6 May 2008 9:19 Send private message to this user   
    Quote:
    The January forecast was $3.91 billion USD but the Nikkei predicts that the company will only see a $3.63 billion profit, far below its estimate.

    Isn't that a damn shame?
    tyrant897 (Newbie) 6 May 2008 12:55 Send private message to this user   
    I don't know if it's just me. But I am the type that is pleased to have a quality piece of equipment first, the games will follow and I will gladly wait patiently for them.

    I feel the ps3 network is top notch for being free, being able to play the sytem with the stereo on a lower volume if needed and be able to hear the game not the system whirling away.

    I am about ready to sabotage the wifes ps2 so I can get a second one and finally stop fighting and bringing it up from my son's room to have a turn =)
    nobrainer (Member) 6 May 2008 13:44 Send private message to this user   
    Originally posted by tyrant897:
    I don't know if it's just me. But I am the type that is pleased to have a quality piece of equipment first, the games will follow and I will gladly wait patiently for them.

    I feel the ps3 network is top notch for being free, being able to play the sytem with the stereo on a lower volume if needed and be able to hear the game not the system whirling away.

    I am about ready to sabotage the wifes ps2 so I can get a second one and finally stop fighting and bringing it up from my son's room to have a turn =)
    what's the point in owning a console and paying the current price with the hope of decent titles being released that aren't multi format. why not w8 until several decent games have been released instead of paying a high premium to just look at your ps3 and maybe the ps3 will drop in price again now that foxconn sweatshop labour is being used to manufacturer them!


    The BPI Are: SONY, UNIVERSAL, WARNER GROUP, EMI.
    The RIAA Soundexchange Are: SONY, UNIVERSAL, WARNER GROUP, EMI.
    The IFPI Are: The same anti consumer lot as listed above!
    The MPAA Are: SONY, UNIVERSAL, WARNER GROUP, DISNEY, PARAMOUNT, FOX.

    This message has been edited since posting. Last time this message was edited on 6 May 2008 13:46

    tyrant897 (Newbie) 6 May 2008 14:04 Send private message to this user   
    I have not said I bought one and let it sit, I have used the ps3 since the day I bought it. And yes the next one will be cheaper than the first.

    That is also more in response to the, "No games for it" , sure there wasn't the vast selection but I have been very happy with it thus far. Reminds me of when the Sega Genesis came out slightly before the super NES I think. Sure there were 600 games for the NES in the first week but I was glad with the genesis purchase and the games did come.
    xblade132 (Junior Member) 6 May 2008 17:22 Send private message to this user   
    Here's an idea that I bet nobody thought of..!

    Buy whichever system you want.
    Hunt720 (Junior Member) 7 May 2008 15:36 Send private message to this user   
    Quote:
    what's the point in owning a console and paying the current price with the hope of decent titles being released that aren't multi format. why not w8 until several decent games have been released instead of paying a high premium to just look at your ps3 and maybe the ps3 will drop in price again now that foxconn sweatshop labour is being used to manufacturer them!
    Translation: "wahhhhhhhhhh"

    The PS3 already has several good titles and this year has confirmed releases of several more. Thus the "good titles" point is officially dead.

    I'm not sure if you have noticed... but your anti-sony crusade has yet to change anyones mind about the Playstation or Blu-Ray despite your ranting.

    This message has been edited since posting. Last time this message was edited on 7 May 2008 15:40

     Post your comment
     

    Subscribe to our newsfeed

    Get the latest headlines delivered directly to your favourite RSS reader or content aggregation service by using the links below.

    AfterDawn.com: News - RSS feed
    Add to Google
    Add to My Yahoo!
    Add to MyMSN

    Search for headlines

    Search through our news archive.

    Last week's most popular software downloads

    Digital video: AfterDawn.com | AfterDawn Forums | DVD X Copy Forums
    Music: MP3Lizard.com
    Gaming: Blasteroids.com | Blasteroids Forums
    Software: Software downloads
    Blogs: User profile pages
    RSS feeds: AfterDawn.com News | Software updates | AfterDawn Forums
    International: AfterDawn in Finnish | AfterDawn in Swedish | download.fi | fin.MP3Lizard.com
    Navigate: Search | Site map
    About us: About AfterDawn Ltd | Advertise on our sites | Rules, Restrictions, Legal disclaimer & Privacy policy
    Contact us: Send feedback | Contact our media sales team
     
      © 1999-2008 by AfterDawn Ltd.