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Found 2 results

  1. Steve Bitto

    The Playstation 4 is Already Turning a Profit

    Kazuo Hirai, President and CEO of Sony Corporation announced in a corporate strategy meeting last week that the Playstation 4 is already turning a profit. "PS4 is already contributing profit on a hardware unit basis, establishing a very different business framework from that of previous platform businesses." The importance of this from a business standpoint cannot be understated. After launching in November 2006, the Playstation 3 did not begin turning a profit until May 2010. What took the PS3 four years, the PS4 did in less than six months. This will certainly be beneficial for Sony's game division going forward. Kaz also noted that, "as of April 13, 47 [PS4] titles had been launched with a total of 20.5 million units being sold via retailers and over the network on the PlayStation Store." He reiterated that the PS4 had sold 7 million units as of April 6. As far as the future goes he pointed out that, "the key to the long term success of the platform lies in how solidly we can continue to grow the installed base." Sony's Playstation 4 is doing remarkably well so far but if they hope to continue the current growth rate they will need more AAA software. Sony's long term plans including AAA titles will likely be discussed at their E3 presentation, June 9. Until then stay locked on Game Podunk for more on the Playstation 4. Source: Sony
  2. Jordan Haygood

    Sony Sells Its U.S. Headquarters

    It's no secret that Sony has been taking a financial hit from its PlayStation business in recent years, and now it seems that the company plans on making a pretty big business decision to make things right again. In order to make a financial turnaround, Sony has decided to sell their U.S. headquarters in New York to commercial property firm Chetrit Group for $1.1 billion. When all is said and done and all debts paid off, the company will be receiving around $770 million from the sale. But don't go thinking this sale spells doom for Sony, because the company's New York employees will still be working under that same roof for up to three more years. This sale was necessary, due to Sony's four years of losses, and the company is estimating the outcome of the sale in the long run, predicting a profit of around $223 for the fiscal year. The sale is said to close in March. Source: IGN