Sony profits dip, games division way up

Great pic. I heart my PS3, but Frankenstein is a good analogy for that behemoth.

it's alive

LOL if that's a scene from YOUNG FRANKENSTEIN, then I'm gonna go put it on the Ritz right now. XD

So does this mean this mean the playstation 3 is now profitable or is the PS2 carrying the division?

Either way, good news all around. All three manufactures seem to be back in black for the new gen consoles.

Nice, now it means more great games from SONY. Now that the engines are built for many games, hopefully we get great games from each dev every two years, 09 looks pretty good as well, keep it up.

Good you need Sony in this race to keep things fresh and competitive.

Goooood!!! Everything has gone exactly as I've desired!

@Nutchos: If you go over to Edge Online there is a more detailed breakdown. Most of the increase in profitability with regard to the PS3 probably came from increased PS3 software sales.

We can see why they haven't been buying out exclusives though; that's still a relatively slim amount of profit for a company as big as Sony. If they were paying out in the sums MS was rumored to be paying, they'd be in the red for this quarter.

Sony Ericsson is doing poorly? Funny, I've been seeing the W580i phone everywhere. (This, for the record: http://en.wikipedia.org/wiki/Sony_Ericsson_W580 )

Maybe that'll show up on their next report.

And really, while I am kinda on the middle ground concerning Sony's Playstation division, I do thoroughly enjoy my W300i phone.

Sony's investors aren't paying much attention to the good news, Joystiq. Their stock fell about $2.50, first time under $40 in a long time.

The stock fell because Sony admits that it's outlook is not favorable at the moment. Consumers are spending less on higher cost or higher end items right now, and Sony typically sells electronics that are higher cost or higher end.

Also, Sony is still carrying a good amount of debt. As of March this year, they had 10 billion dollars worth of debt.

Lately their movie business has been underperforming.

The PS3 is peforming better, but has been a slow starter. Sony's game division has almost always carried the company during difficult times. The PS3 needs to carry the company.

Blu-Ray is the only high definition disc format now available, but hasn't yet achieved mainstream success. I would think they'll be a renewed push around the Christmas holidays this year. The players really need to be sub $200.

Sony needs to jettison under performing units, which would probably mean ditching the audio line (ie walkmans) and their phone business is becoming a money pit. Long term, Sony's music division could be a concern too.

Not to mention the ps2 and possbily the psp are the only things keeping "sony games" afloat these days.

Proof that a healthy mix of brand loyalty, extermination of exclusivity, touting comparable hardware as miraculous (Cell) and a willingness to drop half a grand to purchase a product for only a single title (MGS4) will sell anything.

Sprinkle some gamers who obsess over ownership of all new consoles regardless of their merit, add a dash of typical public short-term memory to absolve that pesky PR problem and the blatant technological plagiarism that left the Sixasis' motion controls a rug-swept deformity and you've got yourself quite the cashcow.

I considered using $400 as kindling to keep me warm at night but perhaps this is a better investment.

I wonder.

Did Sony shuffled all loses of game division to other units? Or PS2 is really that huge?