Sony is only just steadying the PS5’s stock situation, so it’ll be incredibly buoyed by the brand’s overall performance in the quarter ending 31st December. In addition to shipping 7.1 million new-gen systems, the firm enjoyed an eye-watering 53.3 per cent increase in revenue year-over-year, raking in a whopping ¥1,246.5 billion (~$8.79 billion) in revenue. That’s a record for the Japanese giant, and for the industry as a whole.
The margins could perhaps be optimised further, but with profits of ¥116.2 billion (~$820 million), it also set a new Q3 operating income record for the division. Sales were buoyed predominantly by an increase in hardware units, although once again PS Store purchases like digital downloads and microtransactions continued to represent the bulk of PlayStation’s business, accommodating for 51 per cent of its income.
In terms of install base, stock issues mean the PS5 is still lagging behind the PS4 at this point in its lifespan by around 5.6 million units, but Sony intends to ship a further 6.2 million new-gen consoles in the current quarter alone in order to meet its targets. This means the PS5 could very well be closing on 40 million units shipped by the end of March.
All in all, this paints a very pretty picture for PlayStation right now. The fact that it’s performing so well, with stock only just recovering and PSVR2 yet to launch, is a forewarning of how big 2023 could be for the manufacturer. Assuming the PS5 hardware revision does launch later this year as rumoured, expect it to set more records moving forwards.
Love him or loathe him, this is why Jim Ryan is boss. These results are absolutely outstanding during a console transition when they've had serious stock issues.
2023 is going to be absolutely unfathomably big for PlayStation.
@get2sammyb Agreed! A lot of people forget this: Jim Ryan is a businessman, and a damn successful one.
He seemingly gets a lot of grief because:
1) He's not a particularly good spokesperson or personality
2) He doesn't come across as a gamer
3) Some don't like what they attribute as his policies
While I agree he's seemingly not that likeable, I don't need him to be, what I do need him to do be is good at his job, and he is.
Spider-Man 2 this holiday season is going to do gangbusters!
I love Sony, the only company I preorder its games and consoles without any doubt. But unfortunately it become greedy recently.
Really hope they do a big showcase soon - but the pending activision deal might prevent them from doing that
I wish we could see how much of a part Modern Warfare 2 played in these numbers.
Maybe they could invest some of that revenue into an OS that isn't complete crap.
Out of all the four gaming ecosystems I am part of (Steam, Xbox and Switch being the others), PS5's is easily the worst when it comes to the basics. The excuse that the system is 'new' doesn't wash anymore when they're spraying money at niche ventures like DS Edge and VR2.
@PlayStationGamer3919 I don't think that's true either, though. I'm really enjoying playing on my PS5. I think even with the pandemic disrupting things, the first two years of PS5 have been better than PS4.
Without the pandemic, there'd have been no contest.
These seem like incredibly minor quibbles. I’d rather them start by sorting out the terrible marketing and PR department, then move on to going back to the old superior regional structure, then they can play around with stats and folders to their hearts’ content.
Personally I’m just thankful that he is focusing on next generation gaming in the form of VR, and not being sucked in to the race to the bottom that is subsidised subscriptions.
Huge results, especially considering Covid and the challenging stock situation since its launch.
@get2sammyb Small minor correction
Not quite Q1 2020 was ¥123.9 billion. It's a record for Q3.
@themightyant note that while the number is for profit, it says it was a record in operating income, which is a different number
@themightyant Thank you, will edit.
Sony could finde a cure for cancer
Push square community would still find something to bitch about lmao
Good results, well done. We need all 3 platforms to be doing well. Let's see how their apparent live service focus unfolds over the coming years, as I think this year will be when we start to see the games come out.
@Voltan No i'm quoting operating income directly off their investors press release not profit. Number referred to in the article is also listed as operating income not profit.
@PlayStationGamer3919 I couldn't disagree more, the two systems could not be further apart in terms of the quality released during the same time period. Apart from Bloodborne, the first two years of the PS4 were dismal. PS5 on the other hand had Demon Souls, Miles Morales, Returnal, Rift Apart, GT7, Horizon Forbidden West and GOW Ragnarok. It's not even close.
@themightyant I see, the article shouldn't have said "profit" then
No wonder they call him Jim Crying Ryan.
Crying tears of joy of the overwhelming success he's bringing playstation 😂
@themightyant Gamers are really shallow. Put on a t-shirt with a PS logo and he's one of the boys. Put on a nice suit and he's out of touch.
@Voltan No. Though it depends if they were talking about operating profit, which is the same as operating income, gross profit or net profit. It should be specified!
@jrt87 Couldn't disagree more the OS is one of the things I prefer on PS5 to XSX. Clean, slick and functional.
But we all like different things.
Regardless these are all minor inconveniences dressed up as huge issues. Mountains out of molehills.
@get2sammyb I think people forget that Sony didn't really get into their stride until the likes of Uncharted 4 in the PS4 days. Whilst not many are exclusive to next gen, the PS5 already has a stellar lineup of games and with PSVR2 just a few weeks away
With all the success PS is currently having, i wonder if this will be brought up with the impending MS/AB buyout?
@carlos82 what? I’m not sure what you mean by “into their stride”, but Uncharted 2 is still the highlight of the series, and TLOU 1 on the PS3 was the moment the Sony brand became basically synonymous with Cinematic Experiences.
Now if Sony would stop remastering PS4 games that we already can play and would work on remastering the top tier PS3 games…
I just want more souls… give me moooorrrrre sooouuuuls.. and Gran Turismo obvs.. oh and a bloody NG+ for Valkyrie Elysium!!!
Poor, poor Sony. Without government protection from competition they could never hope to succeed in business?! Won't someone please think of the shareholders? Thank they've started nickel and diming us for everything, or they'd be bankrupt!
A few points though. PS is selling itself, "Jim Ryan" may well be a business man, but I don't think it matters if you stick Reggie or Don Matrick at the head of PS right now these numbers wouldn't be so different because the brand isn't being driven by the visionary planning of a genius CEO, it sells itself, even without marketing, and the CEO gets the credit. Kind of like how US presidents get the credit for booms, the blame for busts, and in reality have almost no effect whatsoever. It's easy to "lead" a successful company in good times. Let's see how he does if things turn bad to see how great a leader he is. His legacy isn't the start of PS5, his legacy is the end of PS6. And I don't think fans ever accused him of being bad at making money, fans accuse him of being bad for customers which is a long arc from boom to bust if he loses the script too much.
Second, the numbers look big, but, to play devil's advocate for them and against my opening paragraph, Sony (even before PS) has always been an export focused company, and operates in inverse of most Japanese companies, they have their highest profits when the yen is weak, and their worst years when the yen is strong. The yen is very, very weak right now, and a lot of currency exchange rate magic is inflating the numbers.
All this having been said, this swayed me back to cheer-leading for ABK/MS. Bring on the strong competition, even if it has to buy it's way to power, otherwise we're DEFINITELY going to lose.
@NEStalgia Haha, I knew this article would bring out your slightly unhinged "let's get Jim Ryan, Satan's spawn" side.
To quote Frozen "Let it Go" lol
Not surprised, It is all about the games.
Sony knows how to make them and builds hardware that gets amazing 3rd party support. I been swimming in games.
Every generation I always buy a PlayStation first, build from there. It always works out.
@NEStalgia Jim Ryan has worked at Playstation since the mid 90's across various levels of the organisation, I am sure the system is not just selling itself!
@NEStalgia “ It's easy to "lead" a successful company in good times.”
A global pandemic, war in Eastern Europe, and rampant inflation. Let the good times roll.
Long live the king! PlayStation!
@Tharsman in terms of PS4 games, sure Uncharted 2 and The Last of Us were great on PS3 but it was a while before PS4 had the likes of Uncharted 4, Horizon, Spider-Man, God of War etc
yes, yes and still you cant do NOTHING about Sony success. Hahaha delicious.
Gratz to Sony, very well done! Agree with some comments above: how can one reasonably say their competitive position is threatened by MS+ABK.
Some interesting other info: the number of PS+ subscribers increased by about 0.7mln to 46+, and the revenue from subscription services is more or less flat. This might indicate that they did not manage to move many people from “old” PS+ (now Essentials) to higher tiers.
The number of monthly players seems to be at all-time high - 112m. 1m higher than Q3’21, and much higher than Q1-Q2’22, which were slightly over 100m. Again, good news that Sony broke the trend of declining user numbers. But to me it seems that majority of all those PS5’s are people upgrading from PS4, not new gamers.
Some alternative takes, maybe?
Not a single PushSquare article without „incredible“ or „breathtaking“.
@Darylb88 PS truly sells itself, though. It has tremendous inertia from the prior generation, and has major brands that sell in terms of software, as well as being the default platform due to said inertia for that huge, huge mtx pot, which even this report acknowledges is where the main profits come in. Jim has done little that has specifically altered PS's trajectory that has actually hit the market at this point beyond greenlighting projects that were already successful before he was the one making decisions. He is making decisions, but those decisions have yet to hit the market as is the nature of gaming.
I said it in 2020, I still say it now, PS5 and it's results were never in danger, that's built on the legacy of prior leadership and the market inertia they generated. We won't truly feel Jim's presence until PS6.
@themightyant I despise everything this man represents in gaming. I know corporate likes him, because corporate is making money and investors know too little to understand they're making money in spite of him not because of him. Which is exactly how we're in an endless boom-bust cycle to begin with...
@Amnesiac And selling video games, a drug to help forget all that....yep, good times indeed. And was Russia ever a huge sales channel for PS? Russia's always been PC-focused, consoles always struggled there. The recession will affect them, somewhat surprised it hasn't hit them harder for Q3, but those exhange rates probably offset that somewhat. (Acknowledging the exchange rates is my one tip of the cap toward Jim's favor, keep in mind, as the success isn't as raw as the numbers appear, so it's not quite the runaway profits story it looks like, though investors never notice that as long as it works for them today.)
PlayStation has prioritized building a relational ecosystem of developers, like a family, who support each other in consistently developing titles of the highest quality. They value their I.P., believe in the creative process and understand the benefits of collaboration. I believe this is the unsung bread and butter of their success. As Stadia has proven, you can’t buy your way into games.
@NEStalgia Jesus christ, give it a rest. You're one of the most broken records on here. The last couple of years have been extremely turbulent for tech manufacturing, and despite that the man has helped lead Sony to record breaking profits.
You and the rest of the vocal minority can continue trying to diminish his contributions, but spending almost 30 years at the same successful company, not to mention working your way to the very top of it, speaks a lot louder then you ever will.
It will be interesting to see how Sony’s profit margins evolve as the grand plan of GaaS roll out. There’s a high risk : reward gamble and if a lot of these profits are built upon PSN sales and microtransactions, it could be going up from here when the service games arrive.
@get2sammyb @themightyant @Intr1n5ic i want to mostly agree that Jim has been good at his job, cause again the numbers are great. But PlayStation is an easier console to get good numbers from, as the brand largely sells itself at this point, unless you just do something really crazy to it. I would like to add he or his advisors have given a lot of money to things like Ghostwire, Babylon, now forspoken and paid to lock these games down and they have all been sales duds. Is this a lack of them not playing games and being able to see a great game, cause something with their choices doesn’t resonate with gamers, or is it just coincidental that it’s now 3-4 timed exclusives that weren’t much worth locking down with cash? Cause that would be the one glaring hole i see in all this. Can they spot a great game and if so will they throw the right money towards it to keep it on PS, or will they start to look at what they’ve paid for , what has been low meta scored games. Your thoughts? Overall good to see PS thriving and growing, and this is a good early sign of PS5 being a huge success.
@Agramonte outside of PS3, the Cell wasn’t so kind to 3rd party. Most games ran really bad on it. But since then, i agree they have focused on dev tools and understandable tech so the console performs its best. PS5 is one of their best built hardware all the way around. I am impressed by it.
@Green-Bandit "The brand largely sells itself at this point". I hear this a lot. While it's true to an extent, I think it's used too easily as catch all, to dismiss. I work with a lot of high-end brands and liaise with their management, they absolutely don't run themselves, and they are always planning 2, 3, 4+ years ahead.
On that I do agree with @NEStalgia that changes he is making NOW won't really affect results for several years, but that willfully ignores that he's been making changes in his role as President of SIE for almost 4 years already and was making changes as President of SCEE since 2011, not to mention the other senior roles before and since. The general trajectory has been upward throughout.
I do also accept that I, personally, don't like some of 'his'* policies but I can usually understand the reasoning behind them, and often they are forward thinking, if unpopular.
(* They aren't necessarily his, they are policies often decided by a wider group while he is in charge, a small but important distinction.)
As for sales duds you win some you lose some. For every Babylon's Fall there is Bloodborne, for every Forspoken a Final Fantasy 7 Remake. Deathloop won a lot of awards. They do these deals LONG before the game is ready for evaluation, you win some you lose some. And they are all in the same boat, just ask Microsoft getting Remedy to make Crossfire X, Nintendo with Starfox Zero etc.
Additionally they aren't there JUST for sales, they are there to prop up PS5's lineup and make it APPEAR more appealing and filled out than the competition. They probably did their job at that. Look at this year as an example. After a great 2022, Sony first party looks a bit thin, they are understandably filling it with third party paid exclusives. I don't personally like third party exclusives but that's smart leadership, find a weakness, try and plug it.
All of this is without a live service game currently in the collection. I hope they don't ruin their single player games in favor of it
@themightyant I largely agree with everything you said and i fully appreciate your wisdom of the video game industry. I certainly don’t mean to come off as a catch all saying it largely sells itself, but PlayStation is the global most recognizable name in gaming, followed by the word Nintendo. Now where the real talent comes is in how you want to sell it and what you want your business to look like in the short and long term, here i largely agree with the job Jim has done. Like yourself i agree it’s not all great for me personally, but at large it’s been good for the brand and even myself. Bloodbourne wasn’t brought in from Jim, hence my point Shawn was a gamer and had a vision for games , Jim not so much, his track record vs Shawn’s is not a good one at the moment and Final Fantasy is a proven franchise with loads of sales expectation. More like shooting fish in a barrel with the FF timed deals. I am not sure filling up their 3rd party offerings with a game like forspoken is a path they want to continue on. That game hasn’t even released on PC, so when those reviews come out the game will be in the 50’s on Meta. I want to close with a positive, cause there is so many in the early years of PS5. I wasn’t a huge PS3 or PS4 fan, i owed them, played the exclusives and went back to buying and playing everything on the better controller and online experience xbox. But PS5 has brought me back to the glory days of the PS1 and PS2. Solid controller, great Ui, well built hardware albeit ugly and a tad to big. But i am really happy with the PS5 purchase and the future of them trying a variety of games this gen. The sales numbers speak for themselves and i am happy they are turning out well, cause it would be a shame to see good planning of the hardware not doing well. I never thought Jim Ryan to be a bad leader and i hope others get off his back a little and let him continue his vision for the platform, that is after he’s done crying about COD coming to GP. But I appreciate your approach to my comment and found it spot on friend.
@Intr1n5ic Are you a shareholder? If so, cheer the profits! Are you a customer and not a shareholder? Then lament them.
A business leader that takes your custom for granted, nickel and dimes you, pivots their product to focus on a customer that is not you, and then boasts of outsize profits is not your friend, they are your enemy. They did not gain record profits by being beneficial to you, they gained record profits by defeating you. That's the basic relationship between business and consumer.
In the short term screw the customer, quarterly gains are all that matters, investors celebrate. And Jim has succeeded in that.
In the longer term, screw the customer enough, and they get tired of dealing with said business. They may grumble and endure it for a period of time, but eventually they head for the exits the moment the next best thing comes around and by the time they do they're already so dissatisfied t here's no talking them off the edge. It doesn't happen instantly and with a product that has a 7-10 year life cycle and 3-8 year turnarounds with software, any damage done isn't apparent until a decade later when it's hard to reverse it. PS absolutely sells itself. PS is top because PS is top, no real question there. Unless Jim did something catastrophic to sabotage it all at once, that's not going to change overnight. It's the kind of product that can only be diminished over a slow erosion of customer satisfaction over time. Even among us, here on a PS dedicated site who spend way too much money on the platform, we already grumble and aren't thrilled with how we're treated.
Am I part of the problem? I bought an Edge and have my VR2 on preorder. You bet I am! But I'm an addict in too deep over decades and need my fix. The fact that we're on Push at all means were not even remotely close to being on the same wavelength as the average PS consumer.
10 years from now we'll be here talking about PS6, and we'll either know it as the expensive platform losing market share to cheaper, more nimble competitors thanks to Jim's strategies starting now, or mobile 2.0 for the kids and their phone friends with open wallets, and no longer for us. At that point it doesn't matter if they're posting higher profits than Apple and Disney combined. We're not investors buying yachts from it, we're the customers that will have been left behind to seek alternatives by then.
The hive mind changes fast. Today PS is tops. When the day comes that people get dissatisfied and look for alternatives, it's at the point where it's already MySpace.
Will that be today? No. Will it be tomorrow? No. Will it happen someday? We believe that.
@Green-Bandit No worries, always nice to have an adult conversation about this hobby we all love without the hyperbole and histrionics.
I think what I would retort is that "if the brand sells itself" why isn't Microsoft/Xbox doing better right now. Whether you are the #1 most recognisable brand, #2 or #3 I don't think matters much at this scale.
On that tangent: I DO think Microsoft has been making very smart business moves that won't pay off for 2, 3, 4+ years. Look at Zenimax deal which closed almost 2 years ago yet the just released Hi-Fi Rush is the first exclusive from those 8 studios. We haven't really BEGUN to see the implications that deal has on the gaming landscape. It will start later this year with Redfall and Starfield but that won't shift the balance of power until much later than that, it takes time. Once the dust settles from that deal Microsoft / Xbox will likely be far closer than they are now.
I think that's part of the reasons that they want ABK right NOW, while they are still firmly behind in most people's estimation (look at their "poor little downtrodden Microsoft" act as evidence), whereas the reality 2, 3, 4 years from now, when the scales are balanced, they probably aren't. Again very smart business, if a little transparent and unpalatable.
Back on point: I don't know who decides what games are going to be paid third party exclusives, but i'm pretty confident it won't be Jim Ryan! While he may have final say, if he's a good leader, he will know when to trust his leadership team and their expertise. Someone will know a little about gaming. lol.
But it is always going to be a risk, especially in these days of elevated development times. You will be signing up to the mere IDEA of a game on the back of a studios reputation, their design brief and perhaps, at a stretch, a target render, likely nothing more.
I don't have a list of all Sony's third party exclusives to see if there is the trend you suggest but as I said Deathloop won awards, Spider-man, Returnal and Demon's Souls were all signed up BEFORE they were made first party (again all smart business) it's probably not as doom and gloom as you think. Happy gaming.
N.i.c.e. when spiderman comes its going to sell so many ps5.word up son
@Green-Bandit I would just add, on the Sony is the PAYstation line @NEStalgia and others are peddling. I agree there is a degree of this, but think it's overstated.
The thing that REALLY highlights the difference is that Microsoft are on a race to the bottom on value. They are making an undeniably good value proposition with Game Pass (I've been a happy GP subscriber for years too, it's great, in the short term), Series S and several other pro-consumer decisions. This makes Sony's relatively normal position look far worse than it is.
If you ignore that Microsoft is doing something completely new and zany in the market for a moment I think it's mostly business as usual from Sony on things like games price hikes, which happen from time to time, and which Xbox has now mirrored. There wouldn't be nearly as many complaints here but Xbox is making EVERYONE else look bad by comparison. Again smart business.
The bigger related questions are: Can Sony do nothing, or little, against Microsoft's industry changing subscription model?
Will business as usual suffice? Will they be too late to make a charge back on the multi-game subscription service front... if MS takes the lead will it be too late?
Is the Game Pass model healthy for gamers, developers and publishers LONG term?
Truth is, like many of the biggest questions about the future, no one really knows.
@NEStalgia Absolute hyperbolic drivel. As a customer why would I ever lament their success, that's a ridiculous thing to say. Their financial profits, in part, get passed directly on to us in the form of reinvestment, in to the development of huge first party releases for us to play.
I've been extremely happy with the hardware and software released over the last couple of years so I don't know what your screw the customer talk is about, I'm certainly not experiencing it. Are all of their decisions perfect, absolutely not, but even their perceived missteps are nowhere near as bad as people try to make them out to be.
Again, you don't represent the majority, you're part of the extreme vocal minority who spend their free time criticizing almost everything online. Take today for example, there are several positive articles about how well the company is currently doing, but you felt compelled to chime in and put a negative spin on all of it.
If the doom and gloom that you're always trying to push on here ever comes to fruition, I'll cross that bridge when it happens. In the meantime, I hope they continue to go from strength to strength and I look forward to my PSVR2 arriving in a few weeks.
Absolutely THIS. Anyone that wants the companies whose services they use to do badly is missing the bleeding obvious, and shooting themselves in the foot.
But @NEStalgia's all good though. He just likes his anti-corporate, anti-consumerist and especially his anti-FlyinJimRyan rants from time to time. We all scream at clouds in our old age sometimes NES!
Record profits will mean more investment. It's what Jim Ryan called (just to wind up NES to climax) a "VIRTUOUS cycle". And release.
@themightyant I think the point you're missing is it's business as usual from Nintendo and Sony precisely because both companies are used to being mononopolies with no serious competition in their respective times. We've become accustomed to the behavior of monopolies as "normal" the same way we got accustomed to Bell Telephone and on your side of the pond metered internet use as "normal." That view only holds true if you're comparing the respective monopolies vs the "zany" Microsoft and ignore all the other similar model changes in other media, as well as the entire histories of PC and mobile gaming.
@themightyant @Intr1n5ic LOL what part of early 20th century business school did you guys learn that those profits get passed onto the consumer in the form of reinvestment into new even more expensive products for you to overpay into? I thought I was the old guy yelling at clouds here! This is the 21st century, kids. The profits don't get "reinvested", in successful, industry leading companies. They get get funneled into returns as increased shareholder value, and costs of production are cut to the bone to maximize the return on those gains while spending as little as possible into an already captured market. That's the true "virtuous" cycle of modern business.
The financial windfall of ANY corporation of which you are a customer and not an investor indicates YOUR loss, not a your SUCCESS. Celebrating that is just....bizarre... A company's ideal is to gain unfair balance in profits from customers. A consumer's ideal is to gain unfair balance in value from companies. An ideal symbiosis is an unshifting balance. The more the balance tilts their direction the farther it tilts from your direction.
"WOHOO, The company I buy gasoline from just posted 500% profit growth! HAPPY DAY FOR MEEEE!!! That extra $2.00 at the pump was SOOO worth it! You GO boys! Buy those yachts!!"
-No one ever.
Yet in gaming.....the above is normal.....
@Intr1n5ic And clarifying the above specifically to your point - the "multiple articles about PS's financial wins" is the entire cause for negativity. This isn't Wall Street Journal, or the JP Morgan forums. We're not here to benefit from Sony's investor's windfalls and praise the success of a corproation as an extension of our identity.
We're PS fans and customers. We want a PS that is competitive, both in terms of content and offered value, and is focused on what interests us as the "core" games enthusiast market. Anything that contributes tot that is what we have a reason to celebrate, anything that runs contrary to that is what we have reason to lament. All "#teamWinning" headlines are not things in favor of a PS CUSTOMER. They are things in favor of PS INVESTORS that bode ill for PS customers.
@NEStalgia I completely disagree with almost every point you're making, but it would be a waste of my time to offer any counterpoint to what predominantly reads as anti Sony nonsense.
@Intr1n5ic for clarity it's not anti Sony. It's the same for Ms, Nintendo, Exxon, Amazon, Nestle..... Just modern consumer life.
@NEStalgia EXACTLY!! People who think that all of this money is reinvested into these corporations to make more and better games need look no further than Take Two. The billions upon billions of dollars made from games like GTAV and NBA2K have done exactly what to benefit gamers?
They're not critical but it just makes the whole thing feel sloppy and half-arsed — especially when many of those "inconveniences" were not present on the PS4 OS.
How about you let me save my PS5 saves to an external drive? What about the mess they made of next gen upgrades/transferring PS4 saves to PS5 upgraded games compared to Smart Delivery? Why is there a seperate tab for 'media' yet also an app tile simply called 'media' nestled amongst my installed games?
But let's forget about the basic user experience and spend millions launching trash like 'Playstation Stars' instead.
Removed - trolling
@jrt87 I think the OS is really clean & easy to navigate I don't like the Xbox OS because it just looks like one giant advertisement lol
@IslandLogic That's exactly it! It's not just a Sony thing or a gaming thing, that's just now modern publicly traded corporations work and the modern school of business. You do not spend money you do not NEED to spend. You don't "reinvest to make your product even better" if you feel your market position will remain stable without additional investment. If you feel your market position is sufficiently secure, you cut investment into it. Those gains are expected to be returned to shareholders, and, in Jim's defense, legally obligated to be returned to shareholders and maximized, including cost cutting, wherever possible. And more importantly, those gains, if reinvested for necessary growth, are best spent in expanding into DIFFERENT markets, and new growth areas, not reinvesting simply to make the best possible product, in a market you're already leading with a secure market. You don't keep trying to please your captive market, you use them as stepping stones to curry interest from a different market. Gains from this could grow their mobile presence for yet more gains, or accelerate their expansion into PC, or take larger experiments on gambling for live service gold, etc. etc. Re-investing in the same thing is the least beneficial use of those gains unless required to main market against tight competition. To be fair VR, which does benefit me, may be one of those investment areas so it may not be a total loss of appeal.
If MS and/or Nintendo post similarly huge gains, then there may be argument they'll keep investing more into what they're doing to further cement it's market position. But if not, there's no benefit to reinvesting it into the same exact market they already have control over. They'll either use it to expand into other markets not relevant to most here, thus everyone here is paying for some other market's growth, or it's just returned to shareholders.
That's not to say we'd benefit by Sony posting major losses. But them posting major gains, while simultaneously focusing on maximum profits per sale and value reduction to the consumer, does not translate to a win for PS fans, but the opposite.
@jrt87 dissagree completely. The ui does what it needs to. Gets me to the games I want to play, its fast and its snappy, I have the games I play right where I need them. Ps store is there and easy to use and the ps plus extra is right there too.
Seperate media section.
I mean everything you ask for is just personal taste, not something which a ui needs.
Plus I'm pretty sure with my use of switch ui, that its the worst out of all of them.
@themightyant as a lifelong Xbox fan, i could go on and on why their brand doesn’t just sell itself. But we can go down that road on Pure Xbox. I think Jim is doing above average things at Sony, but i also stand on my point that the word PlayStation alone is marketing power. As long as they don’t mess it up to bad, the numbers will be there for PS. Unless we see a shift to cloud and PC in 15-20 years. But as long as console is around, PS is going to sell on its back history of being a place that has great games. I am happy to see the Big 3 all doing well and carving out their spots to have success. I am very sure that once we get past some of the holes Covid made that this industry is going to just keep pacing at great numbers and excitement for fans and thats what this is all about, just having fun and seeing what surprises the industry gives us 😊
@IslandLogic Great point. My Red Dead 2 next Gen patch isn’t even in the making. Rockstar hasn’t used their money well it appears.
@themightyant he’s good at giving sony money that’s literally it . anything gaming involved and playstation quality is 💩
@Green-Bandit A big part of Dimbos fabricated-handed success is riding the coattails of the ps4 era . had they had an xbox one situation , hed be gone i bet .
@jrt87 the switch is pretty bad too lol
@Intr1n5ic all but two are ps4 games by the way
With record breaking financial results it's hard to justify the ps5 price increase or ps5 games costing $70.
I miss the old Sony that was still profitable, but not greedy. It's what set it apart from Apple, Nintendo and the like.
So maybe Sony can consider lowering the cost of the PS5 at least to the level it was on at launch then? Since the current box is almost half-empty and is significantly cheaper to manufacture as well. In Norway a base PS5 costs $700, and IMHO, it's simply not worth it. I'd consider it at $400-500 at this point, simply because it's basically a partially outdated middle-class PC today at best.
@nomither6 If you mean PS5 exclusive, then I mentioned 3. It's funny how the mind works of people who push that narrative though, that because it's cross gen it somehow excludes it's superior version and becomes just a PS4 game. All of the benefits don't matter, the haptics, adaptive trigger use, improved framerate, resolution, asset use, the non existent load times ect.... nope, it's a PS4 game only.
I guess by that logic Xbox will only be releasing Series S games this gen because the X and PC versions seemingly don't count if they're available on less powerful hardware.
@jrt87 I agree there are some wanted features "missing" on PS5's UI. This is usually what happens when you start from scratch with a new UI. That's an important part of the process, to avoiding having bloated software, you strip everything back and slowly re-introduce features. This is normal.
But I completely disagree the PS5 UI "feels sloppy and half-arsed". The UI feels the exact opposite slick and highly polished. I accept that you want more features, but the sort of hyperbole in your posts, calling everything 'crap', 'trash', etc. doesn't help anyone, especially your own argument, you just look raving mad.
For what it's worth I agree we should be able to back up saves to USB, this is important. Most of the others are all personal preferences and not big issues at all for most users.
Lastly to explain some of the things you are having issue with.
"What about the mess they made of next gen upgrades/transferring PS4 saves to PS5 upgraded games compared to Smart Delivery?"
The reason for this was that PS4 was using a nonoptimal system for storing data that was, in part, up to the developer, it wasn't completely standardised. Part of changing PS5 for the better was updating this, to standardise it, for the future. This is a good thing long term. The downside is that in the short term old PS4 saves weren't compatible with PS5 games and would need developer support to fix. It couldn't be done by automatically. Short term pain, long term gain.
The reason this was easier on Xbox is because they didn't change anything and just kept the same UI, filesystem etc. This has pros and cons and will always be subjective. But as someone who owns all the consoles + Steam Deck the Xbox UI is my least favourite by a distance. It's just ugly, buggy and convoluted. Again subjective opinions.
As for "folders". They've given you collections in library, that was the middle ground and allows you to sort games to your hearts content if you so wish. Folders on dashboard isn't going to happen easily without a complete redesign to PS5's clean, minimalist UI . There are FAR more important things to add/change.
Yesss let’s all cheer for a brand making billions in record profits while increasing their pricing. BP oil did the same, times are great for the consumer, amazing.
@NEStalgia NO ONE is suggesting every penny of that is being funnelled back into gaming games, buying studios etc. we're fully aware some profits are exactly just that. It's business, thanks for the condescension.
We absolutely aren't cheering that Sony investors are making money, I couldn't care less, though that is by product of the success.
But as you have noted yourself in the past they care about GROWTH, and growth happens with investment. Plenty of money will be funnelled back into PlayStation. What we want as gamers is a strong PlayStation, and this is positive news for that. THAT is what we are cheering.
It seems like you would be happy if they were making record losses, or just scaping by. That isn't going to push PlayStation, and gaming, forward.
I'm with @Intr1n5ic on this one, but know we won't convince you on your anti-corpo, anti-consumerism, anti-jimryan crusade. Till next time peace and happy gaming.
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