180°

Sony posts rare quarterly profit, 5000 layoffs still coming

Electronics manufacturer Sony has posted its first profit in some time. The company reported sales of 1.8 trillion yen ($17.9 billion), an increase of 5.8 percent compared to the same quarter of the previous fiscal year primarily from contributions from the PlayStation 4. As a result Sony ended its first quarter pulling down a profit of $265 million.

Read Full Story >>
electronista.com
proudly_X3549d ago

The PlayStation business unit is Sony's last hope. They do produce decent products but they are simply overpriced!

Sony needs to learn the act of marketing, the Xperia rage of smartphones needs other features too. It did pull sales with its water resistance and still the best on the market, but other features like Heart rate scanner, finger print reader.. needs to be incorporated.

ajax173548d ago

I wouldn't say it's their last hope. They have a pretty Huge place in the movie industry.

iamnsuperman3548d ago

Their movie industry really depends per titles. Some do really well and others bomb. It isn't really reliable. Their TV shows are a lot more stable.

@proudly_X

Sony does have other profitable areas. For example it's tablet and phone division is doing remarkably well. The problem is it is still reeling from the effects of poor decision years ago that the have only fixed/kind of fixed within the last year

3547d ago
ajax173547d ago

@gapecanpie
Ok, you listed one example. An example they STILL made a profit on! They also own the Resident Evil film franchise. Which are relatively cheap to make and gross well into the $100-200+ million per film.

They also have an animation studio which has never had a bad release(financially, I mean).

Bottom line is, PROFITS ARE UP at Sony Pictures
http://en.wikipedia.org/wik...

SilentNegotiator3547d ago

The latest Spiderman movie was the lowest grossing, but not by much.

+ Show (1) more replyLast reply 3547d ago
FRAKISTAN3548d ago

Sony Doom articles are not a new thing, the company is here to stay no matter what these fake gurus say. Xbox on the other hand is failing and will be sold by microsft

3547d ago
SilentNegotiator3548d ago (Edited 3548d ago )

Becoming less and less rare all of the time now that they're finally cutting off long dead limbs of their business and rocketing back to the top of the console industry. I think it was the quarter two or so back that was profitable, too, but overshadowed by the fact that their fiscal year overall was really bad.

80°

How to preorder Sony's PSVR 2 before scalpers get them all

Sony's preorder routine is slightly different this time around.

Read Full Story >>
knowtechie.com
80°

CES 2023 cars recap: BMW i Vision, Afeela, Ram 1500 Revolution and more

With BMW, Sony Honda and Ram revealing EV plans, cars dominated CES 2023

Read Full Story >>
theshortcut.com
60°

Sony has sold out around 25 million PlayStation 5 consoles

According to a recent statement by Sony, it has sold out around 25 million PlayStation 5 consoles.

Read Full Story >>
cruzingspeed.com