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Nintendo Finally Feels the Pain as Sony Continues to Struggle

50°
291w ago - For the first time, the economic downturn appears to have caught up with the maker of the Wii, as sales and profits plunge.

Nintendo continues to operate profitably, something that can't be said for Sony, which faces the same conditions that Nintendo does, but announced another losing quarter today.

To quote: Japanese electronics companies face two significant issues when it comes to the current economy. The first is that the crisis has caused the currencies of larger, stable economies to increase in value.

The strength of the Yen has meant that overseas sales, which constitute the majority for many of these companies, are worth less; both Nintendo and Sony have been hit with this problem.

The second issue is that consumer spending has dropped, which means fewer products sold. So far, this hadn't been as severe a problem for Nintendo, but the trend finally caught up with it this quarter.

Compared to the same quarter a year ago, handheld sales dropped by nearly a million units, to just under 6 million total (over half of those were the DSi). Wii sales dropped by more than half, with only 2.23 million sold in the previous quarter. Software didn't fare as badly,...
 

Sony Posts $390M Loss as Bravia TV and PlayStation Sales Slump

100°
291w ago - According to Bloomberg, today Sony Corporation has reported a second straight quarterly loss as the stronger yen pushed the company further behind Samsung Electronics Company in television sales, and the global recession drove down demand for videogame machines.

The net loss was 37.1 billion yen ($390 million) in the quarter ended June 30, compared with profit of 35 billion yen a year earlier.

To quote: The result beat estimates after Chief Executive Officer Howard Stringer cut jobs and shut factories to revive a company that's lost its lead to Samsung in TVs, Nintendo Co. in game players and Apple Inc. in portable media players.

Pressure is building for Stringer to prove he can increase Sony's sales, not just reduce expenses, by slashing jobs and suppliers, according to investors such as Yasuhiko Hirakawa.

"Cost cutting and reshuffling of management may help mend unprofitable businesses but they won't make Sony competitive against Samsung and other rivals," said Hirakawa, a Tokyo-based fund manager at DIAM Co., which oversees $80 billion in assets.

"The brand is still highly regarded but that won't last forever."
 

Turner Hired by Sony as Writer for Upcoming inFamous Movie

100°
291w ago - Just what isn't inFamous getting these days? Just days after inFamous LittleBigPlanet Costumes were unveiled comes another announcement... Sony has hired a writer for an inFamous movie.

According to HollywoodReporter.com (linked above), to quote:

Screenwriter Sheldon Turner is becoming even more "inFAMOUS."

Sony Pictures has pre-emptively picked up a pitch from Turner to adapt the Sucker Punch Prods. video game into a feature film. The deal is for seven figures.

The studio is working out a deal for rights to the game, which was published by sister company Sony Computer Entertainment.

Avi Arad and Ari Arad will produce. Sony executives Matt Tolmach and Jonathan Kadin are handling for the studio.
 

Rumor: New Sony PSN Service Update is Coming Soon?

250°
291w ago - The Examiner.com (linked above) is reporting news of an incoming Sony PSN service update. Upon logging in to investigate further, the following are now shown under the PSN Services section:

• Screen: Media Go!
• Screens: PlayStation Store for Games 1, 2 and 3
• Screen: Video Delivery Service
• Screens: SensMe

It's no surprise that Sony is constantly expanding their PSN services- which currently include PlayStation Home, the PlayStation Store and a movie/television rental service (among others) as the PS3 is indeed a multimedia console.

What's in the cards remains to be seen, but until then some screens from the services detailed above are available, and to quote:

On their official press site, Sony has an official PSN tab and it lists all the available services for PS3 owners to take advantage of. Well, Sony just updated their press site and under their PSN service section, they list a new link that is tentatively titled "Coming Soon" - which is currently unavailable to open.

Will Sony be announcing a new PSN service in the near future? Or will it be part of the Thursday store update? I have high doubt it's the rumored PlayStation Cloud service, but it's definitely something. For it to be on the site now, Sony must be planning to...
 

EyePet US Release Confirmed by Sony for the Holidays

300°
291w ago - A few days ago the EyePet Fact Sheet for PlayStation 3 was released, and today Sony has confirmed to JoyStiq (linked above) the US release will arrive in time for the holidays.

To quote: Sony has confirmed to us at a holiday showcase event in New York City tonight that the PlayStation Eye game, EyePet, will definitely be heading to the US in time for the holidays.

Our roving reporter, Andrew Yoon, says that the game will be available standalone as well as bundled with the PlayStation Eye camera.

Previously, the game was only announced for a European release after it was first revealed at Leipzig GC last year.

We're happy to see the adorable simian-dog-thing will be making the jump across the Atlantic and won't be suffering from the chronic case of Q1-2010 flu that's making the rounds.
 
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