Tuesday, May 15, 2012

Sony's financial crisis: the good and the bad

It's now no secret that this year Sony has been through Hell. Ever since the major Japan Earthquake the company hasn't been doing well financially. With their 6.4 billion dollar loss, what can we expect to see in Sony's, and especially Playstation's, future?

LAST YEAR: while the Playstation did win over the other consoles with HD remakes and major exclusives, the console itself has not sold much. In 2011 the PS3 sold 13.9 million units, down 400,000 units from the year before. the PSP also has its go, with 8 million units now down to 6.8 million units (of course this doesn't matter too much for Sony since their eyes are now on the Vita) and even the old PS2 was able to sell 4.1 million units, sadly being down from 6.4 million from the year before. And please, don't get me started on their TV's, which are down 18.5 percent year over year...

TODAY: Sony says that despite last years PS3 decrease of sales, the console is still a mere 3.3 million units away from Xbox 360 sales worldwide, which is really good especially since the Xbox was one year ahead of PS3, and analyst suggest that if the PS3 came out the same year as the 360 did then they would actually be winning the race. The PSP continues to still be a huge hit in Japan. And the Vita, while having a very slow start, is now starting to grow in sales. The games for the PS3, especially exclusives, are now and still selling very very strong.

THE FUTURE: Sony has announced at the upcoming E3 2012 they will be revealing 20 games, which shows how prepared they are to compete with Nintendo's Wii U. Also there is a possibility of the Vita getting a price cut this year too, meaning that sales will start to hugely increase for the handheld. Besides the 20 games for PS3, you can expect the Vita to get lots and lots of new games in its future, which is good. Sony seems to have plans to work more closely on it's Video game corner of the industry, which is huge news for any gamer. And while Sony is still expected to reveal the PS4 in late 2013, they still have complete faith in the PS3 to stay strong against the 360, Wii, and the upcoming Wii U.

I'm not sure what questions to ask, but what are people's thoughts on this?

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