PeteBull
Member
PS3
FY 2024: PlayStation's Most Profitable Year on Record
- Thread starter Topher
- Start date
Killjoy-NL
Member
Burger King
Member
Jim Ryan the GOAT
yurinka
Member
I'd mention instead Starfail and Redfail. I think Indy may sell decently (not great) in PS5.
He broke a lot of records both when leading SCEE and when SIE CEO, plus left the company in a multi-year growth in most fronts, in most of which already were in all time records.
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Klosshufvud
Member
Those profit gains far exceed the rate of inflation.
Kerotan
Member
Nvidia overcharging? No way... Never!
Generic
Member
It's interesting how inflation was never an issue in the videogame industry until the past few years. Just like this is the first gen where consoles don't have price drops because "muh chips" and the price of services keep rising while the quality decrease.
bender
What time is it?
from a gamer perspective anyway.
Radical_3d
Member
The BOM of the PS3 was about 900$. Add to that distribution and marketing.
Zacfoldor
Member
Did you quit gaming?
Magic Carpet
Gold Member
Seems like it, Only the Sony gets talked about nowadays.
BoxFresh123
Member
And will probably see a tidy bump in console sales alongside GTA next year.
jm89
Member
Folks were expecting a sudden $100+ million hole to appear in some quarterly report. When in reality a loss like that would have already been incurred gradually over years.
ZehDon
Member
Odd how that works. And people are oh-so quick to defend it. They'll raise prices to make sure next year is also their most profitable. And the next year. And so on.Most profitable year ever and they still are increasing the price of their services and games.
Kagoshima_Luke
Gold Member
Most people subscribe to PS Plus to play online and use cloud saves. Most online games don't even use Sony servers. It's just printing money for them at this point.
yurinka
Member
Yes, the inflation has been huge in recent years and wasn't that big before at all.
Game budgets also grew aprox. 2x or 3x every generation, so the total amount was low the first genereations, but the increase in the last two generation transitions is being too huge compared to as it was way before.
The problem also was that instead of adjusting the prices to inflation gradually over time little by little, they didn't increase the price at all. In fact, there were cheaper types of games, and both discounts and price cuts became more common, making the issue bigger.
So in recent times had to rise prices more aggresively, plus also trying to find additional revenue sources like addons/GaaS and also to release the games in more platforms.
According to a handful Sony statistics shared or leaked and surveys even from PS3 the #1 reason has been games included in all of them. Please notice: even before the merge with PS Now.
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Topher
Identifies as young
Record profits… record price rises, record game prices… dam you think Sony would just eat that cost as they're making so much money like a good billion dollar corporation… hopefully there's been no layoffs, oh wait
Oh wait.....what? Did they announce layoffs?
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Klayzer
Member
Wouldn't be a topic without the customary SonyToo from the Xfans.
Topher
Identifies as young
Stockholders > gamers. Used to feel like gamers were higher in the pecking order.
Guy should probably wait until Sony does it before he SonyToo's it.
bitbydeath
Member
Did I miss the news where game prices got increased or is this just fanboy BS?Record profits… record price rises, record game prices… dam you think Sony would just eat that cost as they're making so much money like a good billion dollar corporation… hopefully there's been no layoffs, oh wait
ByWatterson
Member
WHERE BE THE GAAAAAAAAAAMMMEEES
rubik's dude
Member
Tbf the bluray thing was the right call in the long run. It helped dethrone HD-DVD as the de facto physical media format going forward. It cost them a lot during the PS3 era, but I'm sure they more than recouped that from bluray sales since then.
Because they thought that the money was in Bluray winning the format war. They won that war but it turned out there was no money in it.
Games Bookstore
Member
All thanks to Concord
MSduderino
Member
PlayStation did have layoffs within the past year I believe. Or maybe it was within last 2 years.
MikeM
Member
Anyone wondering why Sony doesn't go with anything exotic in their consoles- PS3 is why.
ZehDon
Member
100% Agreed. I understand, and am even empathetic to, the need for a business to make money. Developers should be paid for their incredible work, and if a development house goes out of business then they're not around to make great games for me to enjoy. But, the profit motive always sat behind a veneer of creativity where buying a game always felt like a fair transaction to access something potentially amazing. I'd give them my money and they'd give me a full and complete game to cherish. Today, the creative veneer is gone and companies like Microsoft and Sony aren't even trying to hide their greed. Buying a game is beginning to feel like going to a new mechanic for the first time - you're left wondering "how are you ripping me off today?".
Topher
Identifies as young
Yep. I've said it before. This stuff is being run by accountants who have probably never played a game in their life. Sad to see.
Topher
Identifies as young
Early 2024
Pretty sure it was Nintendo that just raised their game prices. And MS that just massively increased their console price, as well as 3% layoffs. But go off.Record profits… record price rises, record game prices… dam you think Sony would just eat that cost as they're making so much money like a good billion dollar corporation… hopefully there's been no layoffs, oh wait
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nial
Member
In terms of new IPs that went on to release sequels (or remakes) on future platforms? Not true, it doesn't beat PS1 and PS2.
PS1:
Arc the Lad
Wipeout
Destruction Derby
Twisted Metal
Warhawk
Wild Arms
I.Q.: Intelligent Qube
Everybody's Golf
Gran Turismo
XI [sai]
Yarudora
MediEvil
Syphon Filter
Oreshika
Ape Escape
Doko Demo Issyo
Ore no Ryouri
Vib
Boku no Natsuyasumi
Gunparade
PS2:
Jak and Daxter
SOCOM
Sly Cooper
Ratchet & Clank
The Getaway
Siren
Singstar
Killzone
God of War
Genji
Buzz!
Shadow of the Colossus
PSP:
LocoRoco
No Heroes Allowed!
Invizimals
PS3:
Resistance
Motorstorm
Uncharted
LittleBigPlanet
Demon's Souls
Infamous
Fat Princess
ModNation Racers
The Last of Us
PS Vita:
Gravity Rush
PS4:
Astro Bot
Helldivers
Until Dawn
Horizon
Ghost of Tsushima
Santa Monica Studio (God of War), Naughty Dog (Jak and Daxter: The Precursor Legacy), Japan Studio (Shadow of the Colossus) and Polyphony Digital (Gran Turismo 1/2/3/4) were already having critical acclaim before the PS3 generation started.
Sooner
Member
Since when is that the be-all metric? By that logic, the NES was the greatest console ever and every other Nintendo console was garbage.
yurinka
Member
MS is the one who announced layoffs, not Sony.
Sony announced record revenue, profit or active userbase instead. But seems some people doesn't like Sony's good news, and often when see some MS bad news they falsely claim that same happens with Sony or will happen.
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Also Last Guardian, Knack, Days Gone, and Bloodborne.
nial
Member
Who's saying that's the be-all metric?
I wouldn't consider them franchises (yet).
pacman4000
Neo Member
It's just a stupid article.
They lost ~$240 on the 60GB model and ~$300 on the 40GB model.
Felessan
Member
It doesn't work this way.
In accounting all expenses go against value of created asset (game) so no loss is realized - it's quite stupid and misleading to show "losses" for many years before game comes out to suddenly show big profit when it releases.
Failed game realize losses the moment they fail and company forced to write-off value of asset (game)
And this "hole" was shown in report, it's just the quarter was so good (x3 profit jump YoY) that it went unnoticed and you have to look at secondary metrics like long-lived assets that suddenly dropped by 400 mio USD in Q3'24 to understand that write-off did take place (it's probably not only Concord but revaluation of whole gaas initiative as no further write-offs took place in following quarters).
IFRS works on economic substance principles, not a cash method, so spending 100k$ on a car (worth 100k$) doesn't lead to losses of 100k$ as you change one asset (money) to another asset (car) of equal value.
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FIREKNIGHT2029
Member
B.....bu.....but Sony is doomed, haven't you heard?And next year even better, and the next GTAVI... but well, for Mochizuki they are "disappointing" results xDD
Time and time again the idiotic narratives we hear on GAF do not match reality at all. To some this is Sony's worst gen ever and to others it's amazing, one thing is certain though and it's this gen is the most successful gen ever financially for Sony and for any company ever in the history of gaming. Record profits for them and record revenue for the industry as a whole and the crazy thing is that GTA6 hasn't hit yet. Next year will be even more successful for them with the arrival of GTA6, and they will break even more records then.
The constant doom and gloom we see around Sony here on GAF is one of the weirdest phenomenons I've ever come across. I get it that some people don't like the brand or Sony's way of doing business but just because you dislike something doesn't mean you have to be delusional about it. I see so many weird and delusional takes about Playstation's success this gen and every time Sony releases their financials these people with delusional takes go into hiding only to come out again days or even hours later spewing the same bullshit.
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StreetsofBeige
Member
Once digital downloads and mtx galore took over console gaming midway through the X1/PS4 gen, first party console makers should be raking in the bucks. Cutting out Amazon, Walmart, GS, Best Buy etc... working wonders on the financials.
Mattyp
Not the YouTuber
Sony's Visual Arts Studio Suffers Layoffs
Many developers from two PlayStation support studios report that they've been impacted in a recent wave of "widespread" layoffs.
gamerant.com
8% of their workforce in the last 12 months.
Prices got raised this generation to $129 Australian, all Sony consoles just had a price rise in the world.
Eh? Sony raised their console prices around the world, and has laid off 8% of their PlayStation employees.
I don't care, my point was comparisons to Microsoft's record revenue.
TrebleShot
Member
Anyone else just not a big fan of Sony recently, seems to be a lot of bullshit coming from them.
They are obviously doing very well but makes me not want to invest in the platform so much and just focus on PC gaming more.
Thing is I love consoles and have built up a library there seems like a real waste to just abandon it and move fully over.
I miss the UI and integrated nature of their consoles.
Playnite is shite.
They are obviously doing very well but makes me not want to invest in the platform so much and just focus on PC gaming more.
Thing is I love consoles and have built up a library there seems like a real waste to just abandon it and move fully over.
I miss the UI and integrated nature of their consoles.
Playnite is shite.
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Baemono
Member
Product with too much ambition, too bad. I mean it's fantastic to have a PS1/PS2/PS3 ducktaped together with a CD/DVD/Blu Ray player, but people don't really want all of thatSony lost $300-$540 on every PS3 sold
Sony loses cash on each PS3 sold
Sony will lose over $300 on each 20GB PS3 sold, "And a further US$ 240 on high-end 60GB unit," according to research.www.theguardian.com