Tag Archives: profit

As part of today’s financial report, Sony has confirmed that since the launch of the PS3 its PlayStation operations have lost a total of $4.965bn For its 2007 financial year – the period that followed the launch of PS3 – losses for Sony’s PlayStation operations hit $1.97bn. Despite falls over …

Falling sales of the Wii and the decreasing value of the yen could force Nintendo to lower its profit forecasts for the first time in six years – that’s the warning from US news agency Bloomberg. The predictions are that the platform holder’s net income is set to fall by …

Electronic Arts has seen both its losses increase and its revenue fall for its fiscal Q1 ending June 30th 2009, with boss John Riccitiello admitting that the video games market has proved weaker than expected. Losses for the period climbed from $95m in the same period in 2008 to $234m …

Whilst the overall picture for Microsoft is yet again one of declining revenues and income, its Entertainment & Devices Division – which houses its Xbox operations – has reported its second year of profitability, validating the huge outlays the tech firm invested into its long term games strategy.

 In the …

PlayStation platform holder Sony has reported losses of $1.04bn for the year ending March 31st – a stark dip compared to the $3.7bn profit seen in the same period in 2008. It is the company’s first annual loss of 14 years, though it’s not as bad as the previously predicted …

Japanese developer Q-Games has stated that its most recent PS3 release for Sony’s PS3, PixelJunk Eden, turned a profit within 24 hours of it being released onto Sony’s service. To read the full story, click here to head over to CasualGaming.biz.

Korean MMO specialist NCsoft has recorded a fall in both operating profit and net profit for its 2008 fiscal year, though its results for the final quarter of the year were all positive, leading to a strong outlook for 2009. Fiscal 2008 operating profit fell 15 per cent year-on-year to …

In an interview with The Guardian , SCEE boss David Reeves has claimed that PlayStation has to suffer a little” in the battle with its next-gen competitors, conceding that the machine’s high price has caused problems but insisting that the priority remains staying profitable – a goal the European PlayStation …

John Riccitiello, the boss of US publishing giant EA, is back on the quality bandwagon after telling The Academy of Interactive Arts and Sciences that the quest for profitable games in no ways jeopardises the quality of titles being released. Some of my greatest beliefs regarding gaming are that our …

PS3 platform holder Sony is expected to post an operating loss of $1.1bn for its financial year ending March 31st, according to Japanese business daily the Nikkei. Reuters reports that the loss could be as high as $2.2bn depending on how the next three months pan out for the firm. …