Anyone want to set up a betting pool on how many years of losing money on XBOX products Microsoft will be willing to go through before giving up on the home console market?nightez said:Damn Microsoft is throwing money away. I know costs were a market barrier for them but I dont see them makings any returns on investment anytime soon. Could've given that $5billion to charity instead.
bmf said:Anyone want to set up a betting pool on how many years of losing money on XBOX products Microsoft will be willing to go through before giving up on the home console market?
Mooreberg said:So what is the long term goal then? They obviously thought it was worth the expense to get into the industry.
bmf said:Anyone want to set up a betting pool on how many years of losing money on XBOX products Microsoft will be willing to go through before giving up on the home console market?
bmf said:Anyone want to set up a betting pool on how many years of losing money on XBOX products Microsoft will be willing to go through before giving up on the home console market?
[Nintex] said:2004 316,000,000
its a scary thought that even without software for the GCN and before the DS came out Nintendo still made profit.
With profitable hardware and a great 1st:3rd party ratio you cant do anything else than making profits.[Nintex] said:2004 316,000,000
its a scary thought that even without software for the GCN and before the DS came out Nintendo still made profit.
AniHawk said:Can Sony really afford those gigantic losses?
Those are very interesting numbers but we can't really be sure about them, until you give us your source.bycha said:Code:FY* Sony** Nintendo Microsoft 1998 974,000,000 629,000,000 1999 1,130,000,000 645,000,000 2000 730,000,000 421,000,000 2001 -409,000,000 726,000,000 2002 623,000,000 800,000,000 -750,000,000 2003 939,000,000 560,000,000 -1,191,000,000 2004 650,000,000 316,000,000 -1,215,000,000 2005 404,000,000 777,000,000 -485,000,000 2006 75,000,00 894,000,000 -1,262,000,000 2007 -602,000,000 457,000,000 -95,000,000 Totals 4,514,000,000 6,225,000,000 -4,998,000,000
All the numbers but last year were collected by our best man sonycowboy and are from previous thread.
So we could all remember the name of the game. It's not for the love of interactive entertainment.
* -- it's fiscal year for both Microsoft and Nintendo
** -- it's FY+1 for Sony for comparison reasons
Microsoft Home and Entertainment through 1st Q FY 2007 ended Sept. 30
Sony Game division through 1st H FY 2006 ended Sept. 30
Nintendo Overall through 1st H FY 2007 ended Sept. 30
The most pure videogame sector here is Sony's reports.
All Home & Entertainment divisions but Xbox is considered to be profitable. They also started losing money on Xbox before 2002 as it had to be R&D'ed and produced. Which is more than likely another billion or so. Recent reports also contain loses on Zune.
Nintendo releases overall earnings reports stake in pokemon + currency investments + some other minor things.
Additions, suggestions and comments are welcome.
monkeyrun said:Microosft -4,903,000,000
dude .... they are literally sacrificing themselves for the gamers ...
No they can't. Sony currently has 3.27 B in cash but they have 9.56 B in debt.bycha said:They can. For a while...
They bought MGM for $5B to make a point. And other sectors do ok.
Yup. People sometimes forget that Nintendo is the Sony of the handheld market. Hell, Sony's kill for that kind of marketshare. I personally didn't realize the market was that profitable for them until like 2000. I figured low-costs meant low profits, but apparently they are ridiculously efficient. PEACE.Odysseus said:Totally man. It's almost as if they had a GBA or something.
bycha said:I don't think MS gonna withdraw. I mean look at it this way: they got a lot now. They have studios, they have franchises, they have fan base, reputation and Live. They have golden middle of price/perfomance.
Halo 3 gonna be huge. The quarter they released Halo 2 they were profitable. GTA IV gonna be huge for em and will help em a lot. Gears of War, Forza 2, Fable 2 and other stuff will be big too. Live gonna help bring the cash too. So i expect them to make money at the middle/end of X360 lifecycle. Maybe not much but still.
Squeak said:Those are very interesting numbers but we can't really be sure about them, until you give us your source.
rage1973 said:No they can't. Sony currently has 3.27 B in cash but they have 9.56 B in debt.
Microsoft on the other hand are sitting on 31.1 B in cash with 0 debt.
If sony were to keep losing money they would run out of cash which means they would have to take out more debt in form of loans or bonds which hurts their credit rating thereby increasing the amount they have to pay in interest or write up more stocks which would hurt their current stockholders. Either way it's not a good proposition for Sony or it's stockholders.
TiVo said:[sarcasm] Halo 3 will be huge like PDZero was. GTAIV will be huge like Saints Row & Just Cause were. [/sarcasm]
TiVo said:Halo 3 will be huge like PDZero was. GTAIV will be huge like Saints Row & Just Cause were.
These games will sell well but not enough to dig 'em out of the hole. And as far as the Halo movie(which studios already gave up on), haven't they learned from:
Nintendo(Super Mario Bros.) movie
Square(Final Fantasy: The Spirits Within) movie
Midway Games(Mortal Kombat) movie
Capcom(Streetfighter) movie
AniHawk said:The Mortal Kombat movie was full of awesome and Jean Reno, though.
Odysseus said:Would have been better with Janet Reno.
That probably did not come out right.Odysseus said:
nightez said:Damn Microsoft is throwing money away. I know costs were a market barrier for them but I dont see them makings any returns on investment anytime soon. Could've given that $5billion to charity instead.
...
They can easily handle it but I don't think top brass is particularly thrilled.Tyrone Slothrop said:those are some hefty losses but i'd assume that's chump change for microsoft
Morbid Angel said:Gates has given $29 billion to charities.
Morbid Angel said:Gates has given $29 billion to charities.
gamergirly said:Over like 10 years. Not sure if he minds spending that much on a video game system as on people dying from AIDs in Africa
nightez said:Damn Microsoft is throwing money away. I know costs were a market barrier for them but I dont see them makings any returns on investment anytime soon. Could've given that $5billion to charity instead.
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OKAY BILL, YOU'VE ONLY GIVEN THIRTY BILLION DOLLARS AWAY, NOT ENOUGH! SELL YOUR STOCK, WITHDRAW AND LIQUIDATE MICROSOFT, BIATCH! GIVE IT ALL TO THE CHILDREN!gamergirly said:Over like 10 years. Not sure if he minds spending that much on a video game system as on people dying from AIDs in Africa
Syb said:OKAY BILL, YOU'VE ONLY GIVEN THIRTY BILLION DOLLARS AWAY, NOT ENOUGH! SELL YOUR STOCK, WITHDRAW AND LIQUIDATE MICROSOFT, BIATCH! GIVE IT ALL TO THE CHILDREN!
bmf said:Anyone want to set up a betting pool on how many years of losing money on XBOX products Microsoft will be willing to go through before giving up on the home console market?
And he sure made completely sure people knew about it.Morbid Angel said:Gates has given $29 billion to charities.
JCBossman said:First off you give PROFITS to charity NOT losses, you should ask what does Sony give in Profits to charity? We know Microsoft as a whole and as individuals do more for charity than JUST about ANY company(except Newman's Own and Ben and Jerry's) what about Sony/Nintendo Charity work?
I think a massive IBM mentality company like Microsoft looks decades ahead, what did MS ever make for destroying Netscape? Did they EVER sell IE? So I guess it was stupid to make IE?
It took Sony 2 years to start turning a profit in the gaming indusrty. Five years in, Xbox is recording record losses. Hmm...
gamergirly said:Over like 10 years. Not sure if he minds spending that much on a video game system as on people dying from AIDs in Africa
McHuj said:we don't need a monopoly in the video game world.
HAHAHAHAHAHAAsh Sparrow said:Two words Live Everywhere
the xbox business will possibly become profitable with the help of it in a few years.
You are truly clueless. Do you think it's possible that you can give away 30 billion dolloars without people knowing about it? Did you know what Warren Buffett saw how well Gates Foundation was running so he decided to give majority of his money to Gates foundation? Bill Gates will give all of his money minus several million dollars he is leaving to his kids to his foundation.Squeak said:And he sure made completely sure people knew about it.
If it had been real philanthropy, he would have done it quietly, without any press releases and proclamation, for precisely the reason that it might be seen as not entirely out of the goodness of his heart but rather smart PR.
Going into fake philanthropy is probably one of the smartest PR moves ever of microsoft. The money given out will most likely come again due to increased goodwill towards the company amongst the general consumer.
It's all nice and dandy that microsoft gives money to charity, no matter the reason. But that doesn't change the fact that it has a generally very bad behavior and influence in the industry.
All the money earned from ridiculously high license contracts for governments and PC manufactures, would have helped the poor much better through better-budgeted welfare programs.
He didn't give away 30 billion in one go, it was over a period of 10 years. And of course you could keep it quite if you wanted to, don't be stupid.rage1973 said:You are truly clueless. Do you think it's possible that you can give away 30 billion dolloars without people knowing about it? Did you know what Warren Buffett saw how well Gates Foundation was running so he decided to give majority of his money to Gates foundation? Bill Gates will give all of his money minus several million dollars he is leaving to his kids to his foundation.
Now compare this to other well known billionaires like Steve Jobs, Larry Ellison and Michael Dell, their philantropic contributions are miniscule compared to Bill Gates.