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Sony Announces First Profit Loss in 14 Years Today

100°
293w 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...
 

Sony: No Plans for a PS3 Slim Console Version Anytime Soon

200°
293w ago - Sony have point-blank denied online speculation that a slimline version of the PS3 could be on the way.

Rumors have been circling since yesterday that the platform holder might reveal a newly streamlined model at E3, in a similar vein to the popular PSone and 'PStwo' systems.

To quote: Speaking to UK website [Register or Login to view links], however, a spokesperson for the firm said that the company "doesn't have any plans" for a revision of the hardware at present.

While Sony have moved quickly to deny any PS3 hardware changes, the firm have been less quick to snuff out speculation pointing toward a new-look PSP handheld. More at E3 2009, perhaps?
 

Sony: We're Expanding PlayStation Network Beyond PS3

350°
293w ago - Sony's CEO Howard Stringer has revealed that Sony will be expanding the PlayStation Network to hardware other than the PS3 console.

Stringer noted the expansion is a good idea because the number of PS3's sold puts a limit on the scale of the network possible.

To quote: Sony CEO Sir Howard Stringer has spoken on how online services have driven the expansion of the PlayStation business, and has implied that Sony is set to push the PSN service on other devices.

"We will be expanding the PlayStation Network to hardware other than the PS3," he said in an interview with Asian news service [Register or Login to view links]. He said that Sony will be expanding the PSN because the number of PS3 units sold "puts a limit on the scale of the network possible."

"Sony has a vertical structure for each product line, an organizational structure that resists change, so it will take time to achieve this network growth. However, a large number of employees share my opinion on this," he added.
 

Top Five Developers for Microsoft's XBox 360 and Sony's PS3

400°
294w ago - In this article we have a look at the Top 5 developers of this generation on the Xbox 360 and PlayStation 3.

There are plenty of great developers out there and some that certainly deserve massive credit for the awesome games they bring consumers year in and year out.

Unfortunately though, we have cut the list to five as follows:

5. Guerilla Games:

Guerilla Games is a Sony first party developer. The company is based in Amsterdam and is best known for its Killzone series. As everyone probably knows, Guerilla Games latest game is Killzone 2 for the PlayStation 3. To develop a game of the quality of Killzone 2 is brilliant.

Killzone 2 is without a doubt in the Top 5 best looking games of this generation. With Killzone 2, it wasn't just about creating a great shooting game. It was also about creating a complete online multiplayer experience with fully integrated statistical tracking, leaderboards and clan implementation on Killzone's [Register or Login to view links].

4. Epic Games:

Epic Games was founded in 1991 and is based in Cary, North Carolina. With a history based around PC titles like the Unreal series and the development of their much licensed Unreal Engine, Microsoft approached Epic to make a Killer App...
 

Sony's Confirmed E3 2009 Game List Detailed

250°
294w ago - Here is a list of games that are confirmed for E3 2009.

There will be more, but they will be surprises.

•Fat Princess
•God Of War 3
• Heavy Rain
• Infamous
• MAG
• Ratchet And Clank: Future A Crack In Time
• Uncharted 2: Among Thieves
• White Knight Chronicles
• Motor Storm Arctic Edge
• Socom: U.S. Navy Seals Fireteam Bravo 3

More details to come as they are available!
 
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