You guys were looking at it wrong.
My dad gave me some good advice back in the day: buy low, sell high. And, quoting Kenny Rogers:
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Forbes: Time To End All This Doom And Gloom Over Sony And The PlayStation
- Thread starter Canis lupus
- Start date
My dad gave me some good advice back in the day: buy low, sell high. And, quoting Kenny Rogers:
viciouskillersquirrel
Member
If I were running Sony, there would be no PS4 as people currently conceive it. Also, the Vita, in its current form should never have been made.
With the Vita, Sony amply demonstrated that they learned nothing from the PSP. If they refuse to learn that lesson for PS4, Sony may actually die.
So yes, there are people who seriously think that Sony, if they were more prudent and not blinded by concerns over prestige, would leave the hardware business. It won't happen, but only because the company's culture is such that such a course of action is unthinkable.
With the Vita, Sony amply demonstrated that they learned nothing from the PSP. If they refuse to learn that lesson for PS4, Sony may actually die.
So yes, there are people who seriously think that Sony, if they were more prudent and not blinded by concerns over prestige, would leave the hardware business. It won't happen, but only because the company's culture is such that such a course of action is unthinkable.
The pro Xbox guys in a thread I made said losing billions of dollars isn't important because it happened in the past.
Apparently I have much to learn about corporate finance, if that's the case.
Schobeleth
Member
Lmao, someone posts a "Let's stop crying doom and gloom for Sony" article, albeit from a contributor or w/e, and everyone keeps hampering over that. Playstation is one of their few divisions that has seen growth and good sales, so naturally they've been focusing on that ever since Kaz took helm of the somewhat sinking ship. It's never over till it's over, we'll get at least one more hardware cycle.
Well I'm certainly glad youre not in charge I owned the PSP and I have a Vita and I'm sorry but Sony learned A LOT from it. It has a wider variety of games, the control issues are mostly gone, and the "buy one get both" strategy is great. Yes it's more expensive than the 3DS but what shoul they have done? Release crappy hardware? How would you have conceived the Vita.
You're talking about Pramath, and last I checked he was banned.
This thread though, wow. I guess we'll see what happens but people really believe Sony is going to bow out? cmon guys.
Hey, you're actually right. While I've seen people predicting Sony's exit or just saying they wouldn't mind if they did, no one has said that they wanted them to stop making consoles.
richman555
Member
I share this view. The absolute best thing Sony could do right now is ride it out with the PS3. The price would be lower and a great value especially if some good software is coming for it.
DCharlie
Banned
Last gen begins when we say so - Iwata
Sony ultimately want to be a "service" and you have to assume that at some point that extends to multiple -non sony- platforms.
It'll be interesting to see how they go about it.
This Forbes blogger is full of stupidity.
But Sony already competes with dozens of publishers in a turbulent market ... on the PS3 and Vita. Going third party means competing with those publishers in an expanded market by virtue of Sony's games being on more platforms. Increasing product availability usually reduces risk, it doesn't increase it.
But Sony already competes with dozens of publishers in a turbulent market ... on the PS3 and Vita. Going third party means competing with those publishers in an expanded market by virtue of Sony's games being on more platforms. Increasing product availability usually reduces risk, it doesn't increase it.
CrunchyFrog
Member
Both of these. So much both of these.
Eeeehhhh I wouldnt be so sure. Look at iOS. Sure the product availability is good, but the larger market creates a larger pool of products, making individual products much easier to miss than in smaller markets.
viciouskillersquirrel
Member
Vita should have been a minimum spec shared across a wide variety of mobile devices (tablets, phones). Have them all conform to the minimum hardware requirement (graphics, touchscreen, gamecard slot, analog sticks, face buttons) but allow each to vary in their natural ways. Basically, Vita is just a part of the devices people were going to buy anyway. This way, you get a "full" gaming device into the hands of more people and you have an opportunity to make it an indispensable part of their lives once they do.
Apple can't compete with you on content and Nintendo is trumped on ubiquity.
They built was a PSP on steroids even though the market was lukewarm on the original.
Pretty much. If I were running Sony, I'd support the PS3 for its "full" ten years and just quietly shelve its successor.
Yes, Sony made money on PS3 in recent financial years, but there is no question the whole boondoggle has weakened their market position, their brand and their company. If they had to make the decision again whether to make a PS3, they would have done things differently, slim profits in 10/11 and 11/12 be damned.
Man-is-Obsolete
Member
Well I am glad Sony runs Sony, and not some posters on a message board.
viciouskillersquirrel
Member
Sony shareholders shouldn't be.
None of the big 3 are going anywhere any time in the next five or six years.
Whether Sony gets out depends on how fucking terrible the rest of their business continues to go. The game division is fine.
Well, their CONSOLE game division is fine. They may want to rethink this handheld stuff.
Whether Sony gets out depends on how fucking terrible the rest of their business continues to go. The game division is fine.
Well, their CONSOLE game division is fine. They may want to rethink this handheld stuff.
Isn't their gaming division the only one making any actual profit right now? Maybe TVs too?
Even Sony won´t agree on this.
Edit: Something especially on the TV division. Bad wording, but numbers are unfortnatly true.
viciouskillersquirrel
Member
How long do those profits last if they release another console for $600 that costs $800 to make?
Oh boy, that old discussion finisher. Anyone interested in making an updated one?
Kazuma Kiryu
Member
we're talking about crazy scenarios? well, now this thread makes sense.
Someone should post the Nintendo version.
And be slaughtered by the next Xbox and Wii-U? Yeah, no.
GrotesqueBeauty
Banned
It's like the article they never wrote for Nintendo.
Both would be interesting tbh. Anyone?
viciouskillersquirrel
Member
The crazy scenario you speak of happened in 2006 and if the Vita is anything to go by, they haven't fully abandoned the razor blades / razor model of the console hardware business.
I have no confidence in Sony's management to make the right decisions. Not after the Vita.
That's what leaving the console hardware business means.Valnen said:
But that's not happening. Ever. Or at least, not next gen, and probably not the gen after that.
viciouskillersquirrel
Member
That's what I said. Have you followed what I said at all?
You said if they don't they'll die off as a company, which is a laughable joke.
viciouskillersquirrel
Member
My wording is clear. I speak of coulds, mights and risks and you put declarative statements in my mouth.
You guys were looking at it wrong.
I can't wait for Sony's comeback in 5013
Oh, so because you said "may" that somehow gives you a free pass to make such a ridiculous statement? Well okay then.
jim-jam bongs
Member
sony need to partner with valve and make the gabestation.
ElectricBlue187
Member
I hope there's a PS4. I like the PS3 OS experience so much more than the 360 or Wii/U
Source: http://finance.yahoo.com/echarts?s=NTDOY
Here you go, all the way back to 1996. It seems like lately their stock has been going up, which I think is a result of an impending Wii U launch.
We haven't seen the Wii U OS yet.
ElectricBlue187
Member
forgot to remove the U after adding OS, but if its anything like the Wii I wont care for it
SatelliteOfLove
Member
notthisshitagain.png
Look, how do I put this, but...they're in trouble, but not THAT much trouble, nor the kind of trouble that "fix" would fix.
Maybe it's because MS is on the rise (partly good business strategy, partly luck and a whole lot of the fact that they are only in their 2nd gen and were bound to build on what they did the first gen with the amount of money they have to throw around).
Nintendo is struggling with the Wii after blitzing it early on and the 3DS had a bad start as well as not being at the same pace as the DS.
Sony is no where near as successful as last gen in terms of market share and it goes without saying that a lot needs to be done to turn around the Vita's fortunes.
Seems to me that outside the rare person with an obvious bias most people who get paid to do it try to write something that is objective and able to be backed up with facts.
Keep that tinfoil hat on though if you like it.
I don't have a tinfoil hat on, even when the Wii and DS where selling like hot cakes their where still doomed and gloomed about Nintendo.
Just reporting the facts.
viciouskillersquirrel
Member
I think you fail to appreciate just how much trouble Sony is in right now. Their credit rating is on a downward spiral (BAA2/ Medium Grade credit risk at Moody's, BBB at S&P) and they don't have much in the way of cash reserves. If they repeat the PS3 disaster, they can't afford to ride it out like they could have back in 2006.
One more downgrade at S&P and they have junk bond status, which means that their ability to borrow money becomes severely compromised. A big shock in that event could tip them over.
So yes, not exiting the hardware business could affect the company as a going concern. More than likely, what would happen then is the sale of the Playstation business to some interested buyer in order to save the rest.
I don't remember that. All I remember (and it's not an article, obviously) is people on GAF posting the "it only prints money" gif over and over again. Come to think of it I remember people posting that gif in threads that were about articles talking about how much ass Nintendo was kicking financially.
You honestly think MS pays every outlet to not report doom & gloom about them? That is tin foil hat stuff in my book.
I was just be funny when I said that, obviously Microsoft doesn't play all websites to say good things about them.
Fair enough. I still think those reporting are reporting about stuff that is true. That being said when there is juicy news you can be sure they all pile on.
Source: http://finance.yahoo.com/echarts?s=NTDOY
Here you go, all the way back to 1996. It seems like lately their stock has been going up, which I think is a result of an impending Wii U launch.
Interesting.
GoofsterStud
Member
Why not... It worked for Sega!
CadetMahoney
Member
OldJadedGamer
Banned
Least you forget that they started off in the game industry as a third party.