Sony Reports $1 Billion Dollar Loss

And they expect to lose more money. Perhaps this is the end of the PS3 & the System War?

http://www.msnbc.msn.com/id/30741035/

An excerpt: "Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue."

$1 Billion... that's a lot of money. And, no. It won't be the end of the PS3, I'm certain of that.

yea coz the sony's the only one making a loss.

"yea coz the sony's the only one making a loss."

Overall, Xbox is like pocket change for MS.

"randiolo said:

"yea coz the sony's the only one making a loss."

No, but Microsoft netted $3 billion in the third quarter. "

According to Kotaku, game hardware is looking pretty good over last year.  PSP and PS3 sales are up over 2007 and while less PS2 are being sold, that system has been money for them for so long that it's paid for its self long ago. 

Yes. But software also saw an 80% rise on Playstation 3 moving up by 45.8million sales (on last year) to a whopping net total of 103.7 million sales for the year. PS3 and PSP hardware sales were also up, and the gaming division cut its losses by half.

Compared to last year, the Playstation brand certainly moved forward generously.

They also expect PS3 sales to be up 30% this coming year, which means a price drop is likely to come.

I'm glad you managed to report the overall negatives without touching on the positives though. *applauds*.

Sony is a Japanese company who manufacture high-quality/premium-price gadgets. Of course the recession and strong Yen is going to hit its profits. There's no doubt they need to make changes to their electronic divisions but the evidence above suggests the Playstation brand is developing well.

Current worldwide Playstation 3 sales are at 23 million. The system is still the most expensive by a long-shot and has also been on the market the least. The PSP is the only non-Nintendo handheld to last this long. PS3 sales have been higher than the Wii for the past 10 weeks in Japan.

I agree. Sony's fortnes haven't been generous this generation. But it's a long, long, long, long, long way off getting pulled altogether. The Playstation is alive and kicking, and will continue to do so for the forseeable future.

"Yes. But software also saw an 80% rise on Playstation 3 moving up by 45.8million sales (on last year) to a whopping net total of 103.7 million sales for the year. PS3 and PSP hardware sales were also up, and the gaming division cut its losses by half.Compared to last year, the Playstation brand certainly moved forward generously.They also expect PS3 sales to be up 30% this coming year, which means a price drop is likely to come.I'm glad you managed to report the overall negatives without touching on the positives though. *applauds*.Sony is a Japanese company who manufacture high-quality/premium-price gadgets. Of course the recession and strong Yen is going to hit its profits. There's no doubt they need to make changes to their electronic divisions but the evidence above suggests the Playstation brand is developing well.Current worldwide Playstation 3 sales are at 23 million. The system is still the most expensive by a long-shot and has also been on the market the least. The PSP is the only non-Nintendo handheld to last this long. PS3 sales have been higher than the Wii for the past 10 weeks in Japan.I agree. Sony's fortnes haven't been generous this generation. But it's a long, long, long, long, long way off getting pulled altogether. The Playstation is alive and kicking, and will continue to do so for the forseeable future."

"get2sammyb said:

"Yes. But software also saw an 80% rise on Playstation 3 moving up by 45.8million sales (on last year) to a whopping net total of 103.7 million sales for the year. PS3 and PSP hardware sales were also up, and the gaming division cut its losses by half.Compared to last year, the Playstation brand certainly moved forward generously.They also expect PS3 sales to be up 30% this coming year, which means a price drop is likely to come.I'm glad you managed to report the overall negatives without touching on the positives though. *applauds*.Sony is a Japanese company who manufacture high-quality/premium-price gadgets. Of course the recession and strong Yen is going to hit its profits. There's no doubt they need to make changes to their electronic divisions but the evidence above suggests the Playstation brand is developing well.Current worldwide Playstation 3 sales are at 23 million. The system is still the most expensive by a long-shot and has also been on the market the least. The PSP is the only non-Nintendo handheld to last this long. PS3 sales have been higher than the Wii for the past 10 weeks in Japan.I agree. Sony's fortnes haven't been generous this generation. But it's a long, long, long, long, long way off getting pulled altogether. The Playstation is alive and kicking, and will continue to do so for the forseeable future."

Pointing out the negatives of Sorny is what I'm here for. :)Ok, so you're saying that Sorny is still dying pretty hard....but you seem to think it was recent.  Here is another article from 2006 right before the PS3 was released "Can the PS3 save Sorny?"  Well, since they're still in RED INK 3 years later, I'd say it hasn't saved them shit. See the article for various charts & graphs of their Epic Failure Cruise that has lasted for, I don't know, 5-10 years now?http://www.wired.com/wired/archive/14.09/sony.html"

Sony needs to stop making the PS2. Although it still makes them money (more than the PS3 in many cases), it is keeping a great number of PS2 owners from moving onto the next generation. They need to be freed from the shackles of outdated technology, if Sony truly believes in the potential of its latest console.

It's not the end, but it's a big hit....