Breaking News: Sony to post massive $1.7 billion loss

[heruamon]

axumblade said:

heruamon said:

WiiStation360 said:

NJ5 said:

darthdevidem01 said:
When willw e know what the restructuring is?

This is what we have now.

I noticed Sony is 14% down today in the stock market, though still higher than the lows of early December.

 

Looks like Sony's games division may be safe from job cuts.

Sony job cuts unlikely to affect games division.

 

 

 

Games division is losing money, but no change...maybe...

Judging by a report I saw on Kotaku, the PS3 made/has almost hit its goal of 10 million consoles last year. The PSP and PS2 are expected to fall about a million short a peice. Which honestly, if it were the other way around, it might have helped Sony a little. Their system that actually costs them per sell actually sold on par of where it should have, whereas the other 2 systems that they actually make money off of fell short. I blame it on Sony's lack of support for the PSP (and quite possibly over support of the PS2) during the last few months of last year.

PS2 was/is the golden goose, and without it, ps3 would have been an absolute disaster, but it's returns are diminishing, and you can expect 2090 to be it's swan song.  With over 100 million consoles sold, you can expect it to be around for a while longer, but ps3 and psp will have to carry the load.  Ubisoft expect to see new consoles in 2012, so the console makers are going to start parcelling out info to the developers this year, in order to get launch title ready in time.  If ps3 doesn't reach profitability this year, it's going to be tough to support it for 10 years, as Kaz blabbers about.