At its press conference on Monday, Sony unveiled for the world PS Vita, coming with a plethora of games and a very good price point. The base model will retail for $249.99 in the U.S., however many analysts thought Sony would not be able to sell the device at that price because it would be too costly. They were wrong, because not only is Sony able to sell the handheld console at the reasonable price, they’ll be making a profit on it from day one.
While fanboys and gamecats wage war in the name of Microsoft and Sony’s gaming boxes, PlayStation software senior brand manager Scott McCarthy’s taken a different stand on the matter.
For him, beating Microsoft’s install base is an afterthought, the real goal for them is to make tons of cash.
It’s good to see yet another great game help its developer make a decent profit. Index Holdings, parent company of Atlus, has released its financial results for its fiscal 2010, which ended August 31. In it, the company explains how Demon’s Souls played a major role in raising its profits.
So Sony recently unveiled its new premium PSN service dubbed PlayStation Plus, but according to Wedbush Morgan Securities analyst, Michael Pachter, the company will need 2-3 million subscribers before it sees profit from PSN on a whole.
I’m thinking of the PlayStation 2. Remember that console? Well it was the recipient of much criticism when it released way back in 2000-2001. Many said the box was too expensive, Sony was making a big mistake and how said system would flop.
It became the best selling console, ever.
The PS3 has also seen its share of hate, with journalist repeating exactly what they predicted would happen to the PS2. They were wrong then, and they’re wrong now. For Sony, it’s about strategy, and strategy will lead them to announce a profit, for the first time in a long time in Q1.
Sony’s Second Life-type online space dubbed Home, has been the recipient of much criticism. I’m not that of a big fan either, but who cares? Sony’s making a profit.
It’s been four years since the PS3 came on the scene in both the US and Japan, and now, finally, SCE Worldwide studios boss Shuhei Yoshida has told IGN that Sony is finally making a profit with PS3.
It’s been a long time coming, but this is really good news for all gamers.
I love Atari. Well used to but the former console maker has been on an infinite downward spiral lately, and I can’t help but feel the pain with them. I owned a Jaguar you know. Remember that console?
Anyway.
PS3 has been on a global sales rise ever since the slim version was released, Australia is no exception. According to Sony Australia, over 850,000 units have been sold in the region.
Up to this day as much we know, Sony hasn’t made a dollar in profit on PS3; yes that’s grim. The PlayStation division of the company suffered many losses because of the technology it chose to insert in said system, making the PS3 for a very long time, the most expensive console on the market. Even when the price came down to $299 just last August and after the system had outsold its competition for many executive months, the giant still suffered massive losses.
But could it be that finally Sony’s about to move from this tough spot with its upcoming earnings report? Because if this news from Nikkei (through routers) is to be believed, the company from the land of the rising sun will see the light of the sun shine directly on it. I’m really encouraged.
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