Corporate News

News: Sony Has Now Shipped a Staggering 40 Million PS4 Consoles

Sony Has Now Shipped a Staggering 40 Million PS4 Consoles

Beast mode

PlayStation helped propel Sony to a very profitable financial year, with the company's operating income up 329 per cent to ¥294.2 billion (~$2.7 billion). The company's gaming division played a huge part in that, its own sales up 11 per cent, with profits doubling to ¥‎88.7 billion (~$819 million). For a snapshot of just how well...

News: Sony Computer Entertainment Officially Rebrands As Sony Interactive Entertainment

Sony Computer Entertainment Officially Rebrands As Sony Interactive Entertainment

Not an April Fools' joke

Yes, it's still 1st April in some parts of the world – though the period of pranks is surely over globally at this point – but the formation of Sony Interactive Entertainment is no joke. You may remember us reporting on this a few weeks ago – well, now the deed is done, the documents are signed, and the new logo is...

News: Sony's Doing Pretty Darn Well at the Moment

Sony's Doing Pretty Darn Well at the Moment

Company smashes earnings expectations

For a huge chunk of this site's life, we've reported on Sony's financial losses. You could guarantee that each quarter without fail, the firm would be in the red. But ever since Kaz Hirai took the helm, the company's trajectory has started to change. And, while it's nowhere near the juggernaut that it once...

News: Sony Admits PS4 First-Party Lineup Is Looking a Little Sparse This Year

Sony Admits PS4 First-Party Lineup Is Looking a Little Sparse This Year

Firm's working hard with third-parties to fill the gap

Sony understands the importance of PlayStation 4 exclusives as it highlighted them in its investor relations presentation earlier today – but president Andrew House is well aware of the fact that the platform holder's first-party lineup is looking a little light this year. "Our first-party...

News: PS4 Sales Push Past 22.3 Million as Sony Plans Profits

PS4 Sales Push Past 22.3 Million as Sony Plans Profits

Holding out for a Hirai

Hacking scandals and closures caused Sony to sink to yet another $1.1 billion loss for the fiscal year that ended on 31st March, but the organisation is finally planning a profit for the 12 months ahead. The company expects to make a cool $1.2 billion for the coming business term, and while iPhone c

Rumour: Konami Power Struggle Leads to Hideo Kojima Craziness

Konami Power Struggle Leads to Hideo Kojima Craziness

War never changes

Just as we were going to press with our report on suggestions that Hideo Kojima has parted company with Konami, our friends at GameSpot posted a slightly more speculative article regarding the inner-happenings at the Japanese publisher. According to the site – via an anonymous source – a power struggle between the organisati

News: The Hunger Games' Lionsgate Makes a Large Investment in Telltale

The Hunger Games' Lionsgate Makes a Large Investment in Telltale

Studio planning 'super show'

Lionsgate, the film studio behind The Hunger Games, has announced that it's made a significant financial investment in The Walking Dead developer Telltale Games. While no new titles have been announced, it has been confirmed that the movie company's boss Jon Feltheimer will join the studio's board of directors. Former...

News: PS4 Takes Centre Stage in Sony's Big New Three Year Strategy

PS4 Takes Centre Stage in Sony's Big New Three Year Strategy

Growth driver

It's been obvious for a while, but Sony will continue to bet on the PlayStation 4 to put it back in the black. As part of a corporate strategy meeting earlier this week, the Japanese giant labelled its gaming business as a "growth driver", and recognised it as pivotal in its ambition of raising ¥500 billion ($4.2 billion) in earnings...

News: Colossal PS4 Sales Propel Struggling Sony to Profitability

Colossal PS4 Sales Propel Struggling Sony to Profitability

Job done

If you wondered why Sony was doubling down on PlayStation across the board, then its financial report for the quarter ending 31st December should give you some idea. According to data released by the Japanese giant overnight, the company turned a rare profit over Christmas – aided significantly by staggering PlayStation 4 sales numbers...

News: See, the Console Wars Don't Have to Be Mean

See, the Console Wars Don't Have to Be Mean

Just slimy instead

War never changes – unless, of course, they’re console wars. Ever since Sony dropped its anti-DRM bomb at E3 last year, both the Japanese giant and Microsoft have learned that the best way to ingratiate themselves to potential consumers is to act like their best friend. Every press conference now concludes with a message of...

News: Sony's Still Bleeding Money, But PS4's in Beast Mode

Sony's Still Bleeding Money, But PS4's in Beast Mode

Marathon sprint

The reason behind Microsoft’s temporary Xbox One price drop is looking clearer by the minute: Sony has now shipped 13.5 million PlayStation 4 consoles worldwide – and it hasn’t even been out a year yet. The company added 3.3 million units to the system’s total tally in the quarter spanning July to September, boosting game...

News: Despite PS4's Success, Sony Expects to Lose a Lot of Money Again

Despite PS4's Success, Sony Expects to Lose a Lot of Money Again

Just a few billion

Just when things were starting to look up for Sony chief Kaz Hirai, the sky has come crashing down again. The company has quadrupled the amount of cash that it expects to lose for the current financial year, this time blaming its smartphone business on the issue. It described the problem as “the impairment of goodwill in the...

News: Wow! Sony Gaffer Kaz Hirai Knows How to Take a Bucket of Icy Water

Wow! Sony Gaffer Kaz Hirai Knows How to Take a Bucket of Icy Water

Wet and smiles

Kaz Hirai may be a shrewd businessman, but he’s also quite a fun character. The current Sony chief executive – who worked his way up through the ranks at PlayStation – has taken the ice bucket challenge after being nominated by brand founder Ken Kutaragi, and, unsurprisingly, he deals with the arctic drenching like a boss...

Rumour: Minecraft Maker May Be Purchased by Microsoft for $2 Billion

Minecraft Maker May Be Purchased by Microsoft for $2 Billion

Good job they finished the PS4 version

Minecraft has already proven that it’s a pixelated license to print money, and Microsoft apparently wants the lucrative brand under its umbrella. A report on the Wall Street Journal states that the Redmond-based firm is in talks to purchase Mojang, the organisation behind the bricklaying game. According to...