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220°

Sony Struggles as Nintendo Soars

Day by day, Sony's (SNE) core electronics business is looking less like a white elephant. On Oct. 25, the Japanese company swung to a profit in the latest quarter, vs. the year-earlier period, thanks to brisk flat-panel TV and digital camera sales. It also raised its annual profit and sales forecasts from July. In the fiscal year ending March, 2008, Sony now expects overall operating profits to rise fivefold, to more than $3.9 billion, on a modest 8% gain in sales, to $78.8 billion. Both these numbers are 2% higher than earlier estimates.

The improving outlook underscores how more than two years of Chairman and CEO Howard Stringer's tough-love reforms have helped restore the vitality of Sony's key electronics division (BusinessWeek.com, 10/11/07).

But Stringer's record is hardly flawless. The biggest blemish: the money-losing video game business. The July-September quarter offered further evidence that problems plaguing the company's games division aren't going away soon. Had games been less of a drag, the company's overall results might have been more impressive. The games division's quarterly operating losses swelled to $848 million-double the figure from last year-and first-half losses reached $1.1 billion.

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businessweek.com
Zhuk6827d ago

This is a great time to be a gamer, we are finally seeing the downfall of Sony and they are paying for their lies and arrogance. The PS3 is proving to be a dud while the Wii and Xbox 360 continue to be a favourite among 3rd party developers and consumers, I wonder how much longer third party devs will continue to support the PS3 and its horrible architecture, Sony is already begging them not to abandon the sinking ship so it can't be far off.

Real gamer 4 life6827d ago

Why do you have so much hate for Sony? What did sony ever do to you? And if you think that sony is going down you are wrong, sony is going no where.

Douchebaggery6827d ago

that might be the stupidest f*cking comment ever and that is saying a lot on N4G

pilotpistolpete6827d ago

Sony loosing money: a well known fact, but a little sadening for ps3 owners.

your comment: just sad.

andy0016827d ago

That is just the most ridiculous, juvenile, and uneducated post I have seen on this site. This is the first time I push the ignore button.

ErcsYou6827d ago

anybody that "hopes and prays" for a video game console to fail is not a REAL gamer..some gamers my be a little defensive about their system of choice but most dont wish death upon any system.. the day SEGA dropped the dreamcast in north america was day of morning for ALL gamers..i under stand how you feel about sonys"kens" previous statements about the ps3 but you need to learn to let things go, SONY is doing much better and "Kaz" has stepped in to make things better($399.99 ps3) i know that some gamers don't want a blu ray player and feel that it was forced upon us but most of them don't own a HDTV's..sooner or later you will and you will be happy to have it.

oh and by the way,losing 1 billion dollars in the video game industry is not unheard of....just ask Microsoft, Nintendo and sega

You don't drop out of the console business if ONE of your consoles failed.
SONY has ZERO failed consoles
MICROSOFT has ONE failed console
NINTENDO has THREE failed consoles(N64, GC and VirtualBoy)
SEGA has FIVE failed consoles ( 32x, sega cd, nomad, saturn and dreamcast)

Chris_GTR16827d ago

correction..
SONY now has ONE failed console

feejo6827d ago

That the price to pay for CELL that was not design for games. Cell is too advanced for programmers. I will not get a 360 or Wii either.

PS360WII6827d ago

NINTENDO has THREE failed consoles(N64, GC and VirtualBoy)

Not really true. Nintendo still made money off of the N64 and GameCube. So Nintendo only had one failed system the VirtualBoy.

DeckUKold6827d ago (Edited 6826d ago )

is wrong M$ and nintendo made money and business is all about money the virtua boy tho that was the only failure

EDIT N64 is still my favorite console to date

jackdoe6827d ago

Jeez man. Would Sony losing the console war and MS winning it give you an orgasm or something? Jeez man.

cmrbe6827d ago

I have lost all respect for you. I really did thought that you are a gamer that favours x360 but the truth is you are an immature hateful little kid.

Antiomo6826d ago

Sony Is what made console gaming for the past 2 generations.

Its far from a dud, its showing the exact symptoms as the transition between ps1 > ps2.

Ps2 will SLOWLY die out and make way for the ps3. Plus blu-ray is winning because of he ps3, hence driving down the cost of the technology.

gen16806826d ago

But if it were in my house the only person that would touch it would be the cleaning lady.

+ Show (11) more repliesLast reply 6826d ago
cloud360-7th_account6827d ago

Why do u always use PICS of Ken Kutaragi and PS3 like that

fredy6827d ago

that's SONY Pre-nov 2006... and we have yet to see the Ps3 clawbber the 360 to the ground, like it was suppose to when it first came out.

hey it's just a picture, on that note it is dumb to believe sony is headed for a down fall, but what ill say tho, sony will not dominate like last-gen.

just my opinion..

cr33ping_death6827d ago (Edited 6827d ago )

PLEASE someone go and find how the 360 is doing horribly in japan......we all know it, MS fans know it should be posted up again as a reminder. everybody knows where the Wii and PS3 stand... so why must this BS be reposted over and over.

edit: you say PS3 fans have this censoreship style in blocking certain news....well yeah when it comes to BS like this....if anything we are blocking your agenda in trying to rally your troops just so they can trash the PS3.

iceice1236827d ago

360 will die withot Japan! Oh wiat...what is this...world wide 360 outsells PS3 EVERY month? Hmmm but IT DOESN'T HAVE JAPAN OH NO!

shmee6827d ago

ps3 outsells x360 in EUROPE and JAPAN

North america is the only place where x360 outsells ps3.

However things would change

Bloodmask6827d ago (Edited 6827d ago )

Thanks for admitting that you tools censor the news. Constantly reporting things for bogus reasons. And on top of it leaving bad feedback on the post which is against the guidelines.

I approve negative type 360 stories all the time, and don't throw a temper tantrum. I also post a lot of news for this site, but the "only ones" that constantly get reports are negative PS3 types. News is news, good or bad. This article was posted by Newsweek "today". It is neither duplicate or SPAM.

You guys have no right to censor legitimate news. Good or Bad, this isn't News By Gamers. It is News 4 Gamers.

cr33ping_death6827d ago

ok so what if another story like " 360 sales going nowhere in JAPAN" pops up? you will think i know this already,,,,i dont need to re read this and its only going to start a flame war.......plus the pics you use in your stories are always showing the PS3 in bad light. your stories are more than likely legit, but your choices of pics arent going to help your stories get approved.

OC_MurphysLaw6827d ago

The company on a whole is doing great but man their gaming division just continues to take a pounding. Hopefully this holiday will see some relief for them. I have no desire to see Sony completely fail...I like the competition that has arisen between the 3 consoles.

VendettaWFT6827d ago

I mean all this trashing is bullsh!t. It really doesn't matter in the end. Can we just all agree on one thing...like how Josh Beckett is a BEAST for the Red Sox in the post-season. Or how bout we all list our top 3 greatest concerts we've all seen. I'll go first.
1)Tom Petty
2)Jimmy Buffett
3)Smashing Pumpkins (these guys put on a hell of a show)

ericnellie6827d ago (Edited 6827d ago )

I'll have to agree with you on that one! Competition is a good thing. It forces companies to give customers the best value. Here are a couple of examples.
Microsoft thought a 20GB hard drive was big enough and "us" as gamers disagreed -- do you think they would have come out with a bigger hard drive if Sony didn't exist? Hell NO!
Sony didn't think online game play was important, don't you think that after Sony saw how well Xbox Live did it helped them realize just how important it truly is!
They have forced each other to step up, to excel, to execute and to deliver products with tons of features for a lot less;) As they battle, along with their fanboys -- I'll sit back and enjoy all the best aspects of each platform and I'll drink a few beers while I'm at it;)

lawler6826d ago

Sony failing would probably be good for gaming. It'll serve them right for using less intelligent gamers as a way to get bluray off the ground.

Show all comments (82)
60°

Final Fantasy X 25th Anniversary Website Launches With New Nomura Artwork and Merchandise

Square Enix launches Final Fantasy X 25th anniversary site, revealing new Nomura art, books, music releases, and merchandise.

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twistedvoxel.com
-Foxtrot66d ago

Look I know VIII has its issues and all that but how on earth can the do big anniversary events with new artwork and merchandise for VII, IX and X yet VIII got sweet f*** all.

They could have given it something during its 25th anniversary yet all it got was a single Happy Anniversary post on their social media.

solideagle66d ago

they should know that we are OG fans of VIII as it sold truckload as well. not as much as VII or X. I personally didn't like IX but X and VI are my personal fav.

Shadow Hearts 2 covenant is another game I love. I hope one day someone can make remake, I would be delighted

Relientk7766d ago

Final Fantasy VIII is great and you are always the first to defend it in the comments

50°

Why the Wii is Such a Nostalgic System in 2026

The Wii is now a retro console. Let’s get nostalgic about an often maligned system.

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downupjourney.com
ActualWhiteMan72d ago (Edited 72d ago )

Crazy to think the WII is to the Switch 2, as the NES was to the WII back then. 20 Year difference.

jznrpg72d ago

My wife asks me to bust it out (heh) everyone once in a while to play bowling and tennis with the kids. There was a ton of slop on it but some good stuff as well.

Smellsforfree72d ago

Wii was great but boy howdy did it cause Microsoft to go on a dark walk with the Kinect and the disastrous XBox One launch that they arguably never recovered from.

Loktai71d ago

Not nostalgic for me.. I was there.. anyone who wasnt a little kid realized it was a gamecube with shit tacked onto it, it was the "joke" system and was well below even the switch in terms of comparing it to the latest machines at the time. The machine was well loved by young people and "casual gamers" who now remember it 20 years on, or in most cases more of its sales came in the 15-20 years ago range not right at launch- but again its not nostalgic for people who were "gamers" then really, just for those who ended up with one in their house, the games , graphics, interface and online features were archaic already in 2006.

40°

15 Years Ago, Mortal Kombat (2011) Saved Gaming’s Biggest Fighting Franchise

A brutal reset, a smarter story, and a return to what made it great—Mortal Kombat (2011) revived the series.

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fortressofsolitude.co.za
italiangamer75d ago

"Gaming’s Biggest Fighting Franchise"

Press X to (seriously) doubt.

DarXyde73d ago

Underrated comment. I used to hate that game so much that any time my siblings asked me to play it, I just picked Hom and shut myself down mid-match.

Soy73d ago

And then MK1 killed it again.

DivineHand12573d ago (Edited 73d ago )

15 years went by so fast. I remember playing through the story mode at launch.