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Sony Q1 2016: 3.5M PS4, Game division posts 44 billion yen operating profit
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What? Retailers wouldn't be carrying consoles if it wasn't selling especially in these quarters also MS is not slashing the price to be consumer friendly they're doing it mostly to clear stock for S and it's probably not selling as good as they would have liked.
LegendofDragoonLives
Member
I think he was being sarcastic lol.. If the other poster is correct that the Q difference is 5:1 between the two consoles ..
vpance
Member
Yep. And the strong yen didn't help matters either.
Analysts were actually expecting a loss this quarter, so they beat expectations.
gundamkyoukai
Member
They have drop or cut down the parts that were losing money .
For eg TVs they now going for low numbers but high profit compare to before where they went for market share .
The film division is a hit or miss depending on the year .
Next year look like they should make some money from it .
wapplew
Member
What money loser? Almost all devisions are in the black this quarter.
Back At the start of the year, i expected 2.5m For PS4 first quarter of year and 3.5m the second.
Then it did a bit worse than expect ( first quarter ~2.3m ) and in general it did worse than i expect in USA during the Second quarter.
So after that i was expect PS4 to be flat, if not a bit down YOY this time ( ~3m ).
In the end my original 3.5m was more correct btw. Very nice results.
Wonder How is sell trought. It was 40 million by the Third week of May, a week after Uncharted 4.
I think it's likely 40.7/40.8 million by end of June.
Then it did a bit worse than expect ( first quarter ~2.3m ) and in general it did worse than i expect in USA during the Second quarter.
So after that i was expect PS4 to be flat, if not a bit down YOY this time ( ~3m ).
In the end my original 3.5m was more correct btw. Very nice results.
Wonder How is sell trought. It was 40 million by the Third week of May, a week after Uncharted 4.
I think it's likely 40.7/40.8 million by end of June.
Otakumegane
Member
Sony as a whole is still faltering in comparison to some of the other tech companies, but they're doing quite well in their games department.
lowhighkang_LHK
Member
Yeah, and considering Ghostbusters had a development cost of 150 mollion plus probably another 150 million in marketing....it looks like Sony Pictures is going to fuck it up for Playstation again.
Also, isn't the head of sony pictures Amy Pascal racist or something? An email leaked that had her making fun of Obama being black. What a top tier bitch.
SolidSnakex
Member
Sony ended up firing her. But all you're seeing right now is still her work. Someone mentioned earlier that Kaz has restructured things but we won't see the results of that for another two or three years.
lowhighkang_LHK
Member
Ok good. I remember being appalled at how she wasn't immediately fired for saying, rather, typing all that vile shit.
She managed to get a seat at the table for the upcoming Spider-Man projects, but nothing that will impact the day-to-day actions at Sony Pictures.
Tom Rothman has a strong reputation as a penny-pincher, so we'll see how that plays out.
phant0m
Member
Innovation just isn't there, and electronics overall are cheaper and more reliable than in the past. They are no longer THE "premium" brand that can demand higher prices. Samsung & LG both give them a run for their money in TVs and Mobile. PC OEM is a race to the bottom, so they got out of that.
Also, no one buys standalone music players anymore. Their image sensors are very good, but no one buys digital cameras now except professionals and old people (yes I know their sensors are used in iPhones, but they made a lot more money selling digital compacts than bulk sensors to Apple). Basically, smartphones ate a lot of their lunch and they started making good phones WAY too late.
IMO, they need to dig deep on mobile gaming and make a PlayStation-branded controller like this:
And bring as much of the PSP + Vita library as they can to iOS/Android. I know they tried it with exclusive stuff to Xperia phones, but it was half-assed trash and no one bought Xperia phones anyway.
Aceofspades
Banned
Game division 44 billion in Revenues (not profit).
The other number is net profit (after deducting costs)
fixed
Unknown?
Member
But it has also been up several months on NPD.
ethomaz
Banned
You are comparing two different things...
Sony is net income (the real profit) while the game is the operating income (the profit for a division without accounting for a lot of expenses. The operational incoming for Sony was 56 billion... 44 billion is indeed 78%.
Sony Operating Income: 56.2 billion
Game Operation Income: 44 billion
Sony Net Income (Profit): 21.2 billion
No. It is not revenue.
Game Revenue was 330.4 billion
Operating Income is indeed profit but without deducting some costs shared with the company or others divisions (that is why the real profit, Net Income, is only calculated for the whole Company).
Magic Mushroom
Member
Would be nice if Insomniac's Spider-Man releases as well next year. Could be a big one.
gundamkyoukai
Member
I think console gaming will be find .
Just that only one company will get a lot of sales from it .
Last gen was such a outlier in many ways .
I don't expect any growth from it hardware wise, just more consolidation .
Universal was also limping around rudderless for awhile too.
I would agree if the NEO was not coming out cutting into its sales. Unless NEO gets lumped into "ps4" sales.
dead monkey uk
Member
Of course it will, Sony have made a point several times of saying neo is a PS4. I could see Sony releasing a PR statement about the amount of Neo's preordered, but going forward I am sure they will lump all PS4(neo's) together.
How can you say that, if Nintendo next product will be a hybrid? For them going console only, doesn't work anymore. On the other hand Sony (properly) stops producing handhelds and Microsoft looks like to focus more on PC gaming as the generation before. The market gets smaller and tighter.
Unknown?
Member
Why wouldn't it? It'd be like the PSP 2000 being counted as its own platform for more ram. Lol
gundamkyoukai
Member
I am talking about home consoles .
Plus like i added on to my next post I don't expect any growth from it hardware wise, just more consolidation .
InsaneTiger
Member
That would be cool but I doubt it. Definitely looks like 2018 title and it's not a tie-in game to the movie franchise.
LiveFromKyoto
Member
Making all that money, and they still won't give the gasping-yet-somehow-still-alive Vita so much as a drink of water.
Is PS3 Slim counted as PS3 sales? lol
wapplew
Member
All spent on the awesome orchestra.
GribbleGrunger
Dreams in Digital
You could say Sony orchestrated their 2017 victory at this years E3.
gundamkyoukai
Member
You don't waste water on something that don't have any Vita lol.
Zombie James
Banned
Remember how dead console gaming was predicted to be back in 2013? How the Wii U was a sign of things to come?
Coulomb_Barrier
Member
You are in a thread about financial results yet you want to compare the companies based on their ability to build military defence and ships?!?!
Lmao you must be very young indeed. That's not how these threads work.
Unknown?
Member
And people were wondering why they keep dropping the price! The slim will surely give it a boost but won't sustain any higher margin, not without games to back it up and they don't really have those games.
Hmmm just like they orchestrated their 2016 victory at last years shows?
Oh but MS won because they showed us all what we already knew was coming out!The_White_Rose
Member
Alright, now they just got to pump out more of those exclusives.
Remember how dead console gaming was predicted to be back in 2013? How the Wii U was a sign of things to come?
Ah yes. The articles saying that based on Wii U sales, reception. Then you had the don't read anything into the initial PS4 launch sales.
chromatic9
Member
Very good for games but doesn't look good for the rest.
Not that surprising Sony is cleaning up on software, just looking at the UK breakdown where Xbox is doing "well", PS4 is dominating the UK software despite all the claims from pro Xbox people that low consoles sales is not affecting games sales and Xbox gamers usually buy more games. Just imagine how well Sony is doing worldwide in software.
Not that surprising Sony is cleaning up on software, just looking at the UK breakdown where Xbox is doing "well", PS4 is dominating the UK software despite all the claims from pro Xbox people that low consoles sales is not affecting games sales and Xbox gamers usually buy more games. Just imagine how well Sony is doing worldwide in software.
Triggerhappytel
Member
Microsoft and Nintendo made overpriced and underpowered consoles and are suffering the consequences.