A related Gamesindustry story.
kevm3 said:Once games like Killzone 2 and God of War 3 come out, we'll start to see things change for Sony.
Simple: unlike the others, they are not out yet.MidiSurf said:MGS4, GTAIV and other big titles didn't move PS3 units at all, I don't see how KZ2 or God of War could increse PS3 sales drastically
MGS4 did move PS3 though.MidiSurf said:I really doubt it. MGS4, GTAIV and other big titles didn't move PS3 units at all, I don't see how KZ2 or God of War could increse PS3 sales drastically. PS3 is this generations GC and nothing will change that.
Count Dookkake said:(Year of the PS3)
jett said:I thought they had earned money in the previous quarter...guess not
MidiSurf said:I really doubt it. MGS4, GTAIV and other big titles didn't move PS3 units at all
Guled said:MGS4 did move PS3 though.
And we all know (Killzone is as big as Metal Gear Solid)Guled said:MGS4 did move PS3 though.
RJT said:And we all know (Killzone is as big as Metal Gear Solid)
:lol :lolCount Dookkake said:(Year of the PS3)
:lolMidiSurf said:(This has to stop)
I would caution those of you without business degrees from trying to read this. What they are saying is that, while Sony overall made a profit in Japan of 20.8 billion yen, based on current exchange rates, that translates to a loss of $214 million from a US perspective. Expect a large movement of capital as American investors sell their shares and investors living in Japan snap them up.Nash said:Sony Profit Plunges 72 Percent
By YURI KAGEYAMA
,
AP
posted: 24 MINUTES AGO
comments: 0
filed under: Earnings
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TOKYO (Oct. 29) - Sony Corp .'s quarterly profit plunged 72 percent as a surging yen wiped out perks from flat-panel TV and PlayStation 3 sales, as well as box office revenue from the movie "Hancock."
Sony said Wednesday it posted a net profit of 20.8 billion yen ($214 million) for the July-September period compared with 73.7 billion yen a year earlier. Sales in the fiscal second quarter slipped 0.5 percent to 2.072 trillion yen ($21.4 billion).
Sony makes about 80 percent of its sales overseas and is vulnerable to fluctuations in exchange rates. A rising yen erodes the overseas profits when converted into the Japanese currency.QUOTE]
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Any chance of PS3 going back to 500$ is the yen continues to rise?road2serfdom said:I would caution those of you without business degrees from trying to read this. What the are saying is that, while Sony overall made a profit in Japan of 20.8 billion yen, based on current exchange rates, that translates to a loss of $214 million from a US perspective. Expect a large movement of capital as American investors sell their shares and investors living in Japan snap them up.
road2serfdom said:I would caution those of you without business degrees from trying to read this. What the are saying is that, while Sony overall made a profit in Japan of 20.8 billion yen, based on current exchange rates, that translates to a loss of $214 million from a US perspective. Expect a large movement of capital as American investors sell their shares and investors living in Japan snap them up.
(yes)RJT said:Any chance of PS3 going back to 500$ is the yen continues to rise?
I have no idea why people kept saying this...Count Dookkake said:(Year of the PS3)
(I don't know!)fizzelopeguss said:What's so funny about brackets?
Financial humor...fizzelopeguss said:What's so funny about brackets?
RJT said:Financial humor...
You see, in accounting and financial reporting you can use () or the color red to indicate a negative number. This was included in the thread title, and then someone said you would never use brackets in an actual sentence. Of course, GAF responded by using brackets in every sentence. And a meme was born!
road2serfdom said:I would caution those of you without business degrees from trying to read this. What they are saying is that, while Sony overall made a profit in Japan of 20.8 billion yen, based on current exchange rates, that translates to a loss of $214 million from a US perspective. Expect a large movement of capital as American investors sell their shares and investors living in Japan snap them up.
FIXED lolollolercoast roflmao etc. Ok I'm done with this.MidiSurf said:(Lamest) meme ever, I might add.
(Unbiased critical thinking without emotional involvement)Jirotrom said:I have no idea why people kept saying this...
lowlylowlycook said:Does anyone know how much New Coke cost Coca-Cola? What other corporate mistakes can we compare the PS3 to?
I hope you have some loyal bodyguards.lowlylowlycook said:Does anyone know how much New Coke cost Coca-Cola? What other corporate mistakes can we compare the PS3 to?
RJT said:Financial humor...
You see, in accounting and financial reporting you can use () or the color red to indicate a negative number. This was included in the thread title, and then someone said you would never use brackets in an actual sentence. Of course, GAF responded by using brackets in every sentence. And a meme was born!
Stumpokapow said:In real money? Not sure.
But in the abstract, they profited. Coca-Cola Classic did better than Coke ever did to begin with, and the savings switching from cane to fructose in the process were massive.
Remember the whole New Coke process only lasted 6 months--Coke was very agile and immediately shitcanned the product when the writing was on the wall.
gofreak said:A lot of reports are pinning Sony's overall drop in profits to the strengthening yen, so I'm guessing that didn't help the game division's loss either (if one is looking to point a finger at causes).
AndyD said:And people wonder why Sony is focused on Europe... because it seems selling stuff in the US is pretty futile with a weak dollar, whereas selling stuff in Europe is a good deal since the Euro is doing well.
The Japanese Yen is kicking the shit out of the rest of the world's currencies at the moment, even the precious Euro.AndyD said:And people wonder why Sony is focused on Europe... because it seems selling stuff in the US is pretty futile with a weak dollar, whereas selling stuff in Europe is a good deal since the Euro is doing well.
fizzelopeguss said:What's so funny about brackets?
)MidiSurf said:Lamest meme ever, I might add.
I have a (good) excuse! English is not my native language.ringlord said:And then some grammar nazi showed up and made sure everyone knew that those things are called parenthesis not brackets. Oh wait, that was me!
AndyD said:But overall the yen is monster strong, and what they need is to have huge sales in Japan.
Very clever. I'm shocked at the confusion over the usage of parentheses to indicate a loss.Count Dookkake said:(Year of the PS3)
RJT said::lol
Can't wait to see this trend invade other threads. It's really funny... (Not!)
Meier said:Very clever. I'm shocked at the confusion over the usage of parentheses to indicate a loss.
MassiveAttack said:Now would be the perfect time for Sony to cut the PS2's price to $99 or $79 but given the current strength of the yen, the margins probably aren't there to support it. Same for PS3 unfortunately.
All memes are silly. We just use them to have a sense of belonging to a cool group, much like clothes in the real world. So when a Junior comes and doesn't get the Capcom/Konami joke, we laugh at them and proudly say "This is GAF, dude!".Vagabundo said:
mr_bishiuk said:How would that help profitability? Do you think it would encourage game sales? Jack Tretton said he wont cut the price because the people paying $99 for it are the people that wont buy new games.
RJT said:All memes are silly. We just use them to have a sense of belonging to a cool group, much like clothes in the real world. So when a Junior comes and doesn't get the Capcom/Konami joke, we laugh at them and proudly say "This is GAF, dude!".
That said, that thread had me laughing at the "You're doing it (right)" comment.
(laughs)Count Dookkake said:(Year of the PS3)