By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Sony Discussion - Playstation Doing Great, but it's a different story for Sony - Losses 18% greater than forecast at $1.3 billion for year

selnor1983 on 01 May 2014
celador said:
selnor1983 said:
game_on said:
Well Microsoft's X1 isn't doing that well but the compagny as a whole is. So I guess that's yin yang...

No. Xbox made profit. Microsoft made profit. No loss on either.

OT:

I will say it again.  Plystation will bee very different by 2020. Sony will not exist.

I get the feeling you want that to happen as much as you think it will

Your wrong. Competition is a good thing. Just because I dont rate Sony first party titles, others do. Sadly though I expect more First party studio closures and less First party projects over next 3 years before Sony sells Playstation bran in 2019 - 2020.



Around the Network
MaulerX on 01 May 2014
Sleepyprince said:
kowenicki said:
maximrace said:
How long can this continue without serious problems for them?


They have serious problems.

Junk rated and their stock is all but dead.  They are simply servicing debt (at every higher costs) and limping along.  They are also burning through assets including cash at an alarming rate.

These kinds of losses have implications.  But people here have never understood that... or dont want to understand that.

Just so you know : Sony is approx 140 000 employees, it's not Nintendo (5000 employees). Japan governement will never, ever let Sony sink. That is why no one there seem to worry about losses that much at Sony headquarter. Japan is in the top five richest country in the world. It had already happen with a lot of Japanese companies. Sony is worth 30 billion dollars, again it's not Nintendo. 

Plus, Sony is not a random japanese company. It's one of Japan's tech pride. Same goes for Nintendo, Nissan, Panasonic. Governement will never let them collapse. Don't be a fool mate, it's not just a matter of number here. We all know who would buy Playstation if Sony goes bankrupt => Samsung. It would be a shame for Japanese people to let it one of their strongest brand (Playstation) be bought by a Korean company. Hence why that will never happen, even if japanese governement has to nationalize Playstation and Xperia brand.  

If you don't see Sony panic that much, that's because there is obvious reasons. Same goes for Toyota, Nintendo 

And really, the only thing I care about Sony is Playstation. And I do think Playstation is way too big for Sony to handle, I even made a thread about it here. I dream about Samsung buying the Playstation Brand but that will never happen. 

 

So will this be the new thing now? Don't worry about Sony or how bad it does, because at the end of the day the japanese government will save them?



celador on 01 May 2014
selnor1983 said:

Your wrong. Competition is a good thing. Just because I dont rate Sony first party titles, others do. Sadly though I expect more First party studio closures and less First party projects over next 3 years before Sony sells Playstation bran in 2019 - 2020.

It's taken Sony years to start downsizing or selling off departments that were making heavy losses.  Why would they sell one of thier best divisions that makes profit?



etking on 01 May 2014

The Playstation division will likely be separated from the rest of Sony. One of the two parts will be sold. Also a joint-venture company with Nintendo comes more and more likely in my opinion.



Zax on 01 May 2014

Does Sony ever actually make a profit?



Around the Network
MaulerX on 01 May 2014
celador said:
selnor1983 said:

Your wrong. Competition is a good thing. Just because I dont rate Sony first party titles, others do. Sadly though I expect more First party studio closures and less First party projects over next 3 years before Sony sells Playstation bran in 2019 - 2020.

It's taken Sony years to start downsizing or selling off departments that were making heavy losses.  Why would they sell one of thier best divisions that makes profit?

 

 

And that is why (at the least) spinning off Playstation would make sense. Save the brand and let it sink or swim on it's own, or just let it sink with the rest of the company?



selnor1983 on 01 May 2014
celador said:
selnor1983 said:

Your wrong. Competition is a good thing. Just because I dont rate Sony first party titles, others do. Sadly though I expect more First party studio closures and less First party projects over next 3 years before Sony sells Playstation bran in 2019 - 2020.

It's taken Sony years to start downsizing or selling off departments that were making heavy losses.  Why would they sell one of thier best divisions that makes profit?

So as to save Playstation. Sony wont let PS die with Sony when they go into liquidation. They can barely survive many more losses.They have pissed all there assests and money away already. You cant lose when you have nothing left to lose.



ethomaz on 01 May 2014

Something is wrong in this news...

They expected to loose 1 billion dollar in the FY... now they are talking about 700m + 30%... it is inline with the forecast.



Talal on 01 May 2014
kowenicki said:

Thats from that ridiuclous Titanfall discussion where people were saying Sony hadnt lost $1.1bn really...  it was a bit weird to be honest.


Do you honestly not understand the concept of future and present?



dmitrijs88 on 01 May 2014

lets hope this wont have too much of a negative impact on Playstation.