Follow us on:

Posts tagged loss

Sony forecasts fifth annual loss in six years

Sony expects to post a 50 billion yen net loss (around $490 million) in the current fiscal year, making it five annual losses across the last six years. The projection is a significant improvement from the 128.4 billion yen loss ($1.26 billion) Sony posted today for the year ending March 31, 2014,...

Continue Reading

Square Enix president Wada to step down, $106M 'restructuring' loss [update]

Yoichi Wada is leaving his post as Square Enix president and representative director, Square Enix announced this morning. Wada, who became the company's president and CEO in December 2000, is to be replaced by former company director and CFO Yosuke Matsuda. According to Square Enix's announcement,...

Continue Reading

Wii U will sell at a loss from launch

The Wii U will sell at a loss when it launches, Nintendo revealed today. In an investor briefing, Nintendo President and CEO Satoru Iwata disclosed the console's price is "below cost," citing it as one of the reasons for the company's reduced annual net profit outlook announced yesterday. The 3DS,...

Continue Reading

Nintendo cuts annual profit forecast by 70%, first-half loss of $351 million

Nintendo slashed its annual net profit outlook by 70 percent, following first-half losses of approximately $351 million, 40 percent greater than expected. Ahead of the Wii U launch, the Japanese company now expects net profits of ¥6 billion ($75.2 million) for the fiscal year ending March 31...

Continue Reading

THQ sees net loss of $239.9 million, still in business

THQ saw a net loss of $239.9 million for the fiscal year ending March 31, 2012, $100 million more than the previous fiscal year's loss of $136.1 million. "We have made significant changes to our business, and are on track to execute our strategy of delivering quality connected core gaming...

Continue Reading

Sony reports continued loss, expects games division to remain unprofitable

It's no secret: Sony has lost a lot of money. Unfortunately, the troubled times are far from over for the Japanese conglomerate. Sony is now predicting a 110 billion yen ($1.15 billion) loss for the financial year to March 2010, due to losses at many of its divisions, including PlayStation. Sony...

Continue Reading

Sony games division expects increased loss of $337 million

Sony Corp. is having a bad year, and it appears that the company's games division isn't helping the situation. GI.biz reports that the PlayStation group is expected to increase losses by $337 million this fiscal year, though it's unclear what number the loss is increasing from. The erosion is due...

Continue Reading

Sony could be losing much more than $130 on every console sold

We know that the PS3 is an expensive system to make. Sony lost hundreds of dollars on each system sold, as the technology offered in Sony's home console is far more expensive than what it sells for in retail stores. Even now, over a year after the launch of PS3, Sony continues to lose money on each...

Continue Reading

Sega Sammy posts loss, job cuts imminent

It's no wonder Sonic is looking blue these days (har har). Sega Sammy has reported a ¥52.47 billion (US $501 million) loss in its fiscal year 2008, with sales of ¥458.98b (US $4.38b). Comparatively, the company posted ¥43.46b net income (¥95.93b difference) with ¥528.4b in sales...

Continue Reading

Sony's game division to post smaller losses

Are things finally looking up for the Japanese electronics giant? Sony, plagued by a slowing US economy and weakening US dollar, has struggled to meet its financial targets. However, things aren't all gloom and doom. A report by the Nikkei (via Reuters) shows that Sony's video game division is...

Continue Reading


Featured Stories

Image

On my iPad: Ephemerid

Posted on Jul 31st 2014 12:30PM

Image

Oddworld: New N Tasty review: Fresh produce

Posted on Jul 29th 2014 1:00PM

Engadget

Engadget

TUAW

TUAW

Massively

Massively

WoW

WoW