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Sony Announces First Profit Loss in 14 Years Today

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289w ago - Sony today (5/14/09) announced that amid a drop in sales has had a loss of 98.9bn yen ($1.04bn; £685m) at the end of March compared to it's profit of 369.4bn yen last year.

Sony blames the currently strong yen and global economic downturn for the loss of profit this year. Sony had cut around 8,000 jobs and closed 10% of it's factories earlier this year in an attempt to slow the loss in revenue.

This current loss in profit is not unexpected though it is better than what Sony had originally predicted in January, which they said would be a loss of 150bn yen.

Sony's stocks closed today down 6.8% at 2,400 yen ahead of the results.

Sony is predicting a net loss for the current financial year of 120bn yen and as a result will continue to cut jobs and close factories. Analyst say that the only way for Sony to truly recover from this downturn would be to create a popular electronic as they currently have "no number one product" with the PS3 only being number one in Japan and slowly growing in several other countries.

However experts are agreeing that is currently a small blip and does not reflect a loss in popularity in the Nintendo Wii console due to the increase in profit that Nintendo announced earlier in the month. Time can only tell if this giant will recover or fall...
 

Reeves: PlayStation 3 to be Dominant in 3 to 5 Years

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291w ago - Outgoing Sony Europe president David Reeves has said that the PlayStation 3 still has a long way to go before it can overtake Microsoft's Xbox 360 on the market, with the exec predicting it could take up to five more years for the console to become the market leader.

Speaking just days before he's due to retire, Reeves said that despite leaving the company after 15 years, he still believes in Sony and its gaming products.

To quote: "I don't think it will be next year, but in three to five years it will become dominant on the market," said Reeves, talking exclusively to GamesIndustry.biz.

"The legacy will be that people will see a tortoise and hare situation. In a way, in the end it will be a dead heat. People will say PS3 took a while to get going but it really caught up very quickly and confounded many of the critics from the first year," he said of the consoles position on the market.

"When I see the line-up ahead, when I see what's lined up on the new product side, I'm very, very optimistic for what I see for PlayStation's future in the PAL territories," he added.

Reeves retires from Sony Europe tomorrow. He joined Sony in 1995 managing the regional...
 

Confirmed: Final Fantasy IV: The After Years on WiiWare & More!

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296w ago - At GDC '09 today Square Enix confirmed that Final Fantasy IV: The After Years is heading to Nintendo's WiiWare as well as Final Fantasy Crystal Chronicles: My Life as a Darklord and Final Fantasy Crystal Chronicles: My Life as a King.

Press Release: SQUARE ENIX ANNOUNCES NEW DOWNLOADABLE TITLES FOR Wii

Line-up includes Two WiiWare titles and Final Fantasy series for Wii Virtual Console

GAME DEVELOPERS CONFERENCE, SAN FRANCISCO, CA (25th March, 2009) - Square Enix Co., Ltd. (Square Enix) announced today at the Game Developers Conference (GDC), the forthcoming releases of new downloadable titles including Final Fantasy IV: THE AFTER YEARS™ and Final Fantasy CRYSTAL CHRONICLES®: My Life as a Darklord™ for WiiWare™, as well as the FINAL FANTASY® series for the Virtual Console™ for Wii™.

The release of these new downloadable titles represent Square Enix's recognition of the growing demand for online distribution of content/services, and the commitment they have made to provide content/services that match the needs of their customers.

Square Enix will be offering two new releases for WiiWare: Final Fantasy IV: THE AFTER YEARS and Final Fantasy CRYSTAL CHRONICLES: My Life as a Darklord.

FINAL FANTASY IV: THE AFTER YEARS, is an RPG that continues...
 

Lumines Classic Pack Hits PSN Today, Celebrates 4 Years of Fun

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302w ago - Q Entertainment Executive Producer Tetsuya Mizuguchi shared the following PSN update today:

It's hard to believe that 4 years has passed by since the original Lumines was released for the PSP.

Thanks to you addicts out there (!) the Lumines series has sold over two million units across multiple platforms and it's time that we bring you the skins that started the Lumines addiction!





The "Classic Pack" includes 20 skins from the original Lumines and is sure to bring back memories...at least for me it does. The Classic Pack will be available on the PlayStation Network starting Today, Feb. 12.

Enjoy!
 

Call of Duty: Five Years of Graphical Progression

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313w ago - With Call of Duty: World at War the all in all fifth title of the series has been released. Lets take a look behind the scenes of the CoD series that has dominated the sales charts since 2003.

The original and thus first part of Call of Duty was released in late 2003 and utilized an engine that once was the basis for an id Software shooter in 1999. But back then heavily modified code enabled up-to-date graphics in extensive outdoor levels and some pixel shading for improving water surfaces.

Call of Duty 2 hit the market about two years later. The distinctive features this time: Call of Duty 2 takes place in World War II and utilizes a self developed engine that massively used DX9 features to create the possibly most realistic visualization back in 2005. Even with today's standards the game is still looking very good.

Part 3 had been for the consoles exclusively and thus the transfer to modern battlefields came to the PC in November 2007. Call of Duty: Modern Warfare offered high-tech weapons, night vision sight and helicopters: The rest was, despite the graphics, still the same: Shooting and bombing with a squad. Visually the title is up-to-date, but can't outrun its predecessors in certain situations. Here the rule of marginal profit comes into effect: Every little bit of visual improvement...
 
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