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Gaming is in big trouble as SIE misses forecast
- Thread starter Ronin_7
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ShaiKhulud1989
Gold Member
PS5 in not the only and even primary device to play videogames right now tho
Elysium44
Banned
I am still waiting to buy a PS5. The 'slim' is still ugly and stands out like a sore thumb compared to the slim PS4, and I ask myself, what do I want it for anyway really? Play a handful of cross-gen games at a slightly higher level of detail? Meh.
Mister Wolf
Member
Nintendo
pasterpl
Member
They literally just showed a slide that says that they don’t have any major 1st party franchise releases planned for the next financial year.
Kokoloko85
Member
They werent on PC at the time and Sony wasn’t releasing anything on PC at that time. They were true exclusives back then for awhile
All those apart from Spiderman 2 and Demons Souls are on other platforms, PS4 or PC
TLOU1 remake is on PC, SOTC wasnt on PC. It was a game from 2 generations ago. TLOU got a remaster on PS4 and was less than 10 years old.
I did mention Demons Souls though
They’ve never had a gap of no internal studios releasing games this long. October 2023- March 2025 supposedly. Hermen gone fucked up
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Sakura
Member
?
The exchange rate is listed rate here on the far right:
141.6 vs 141.7 is hardly a meaningful difference.
There is a reason most of the highest revenue Q3s are within the last few years.
Inflation and the shitty exchange rate are real and significant factors here in making this the "2nd biggest quarter on record in terms of revenue" .
And I'm not sure how you can say they are setting sale records when the PS4 is literally pulling further away launch aligned.
Roufianos
Member
No offence but you clearly don't understand what 1st party means.
ProtoByte
Member
May you explain how that's the case?
Mibu no ookami
Member
And games like Spider-Man Miles Morales and Horizon Forbidden West aren't launch titles on PC either. You can't have your cake and eat it too with these arguments. Even Returnal took quite a long time to come to PC and wasn't on PS4.
Who cares if these games are on PC?
Mibu no ookami
Member
I meant in general, not in the fiscal year.
Also, it doesn't mean they aren't planning major original IP releases.
adamsapple
Or is it just one of Phil's balls in my throat?
Looking forward to a third party Sony, soon.
Mister Wolf
Member
Do you need me to list all of Nintendo's 2023 first party releases?
pasterpl
Member
Looking at these games steam stats not many people /s
Hudo
Member
If it makes you feel any better.
crackajack
Member
The number was a bit too optimistic I guess, but it still sold pretty wild. HW-revenue must have been a record if it almost beat PS2, which was certainly cheaper? I would assume the price tag will decide the next months or years. Many customers still expect consoles to be cheap(er) and I don't know if even a PS5 superslim will be that. I still think Sony missed the crossgen (and beyond) oppurtunity to squeeze the PS4 lifecycle with doing a PS4 Mini and PSP4 handheld. Offering some maybe outdated but nevertheless cheaper platform might be a possibility even now though. I guess a Plus powered only digital supercheap PS4 might still sell in some areas of the world, and a handheld worldwide.
A bit bizarre to dismiss all those PS5 games because they were on PS4 or later PC then go on to list these no?
balls of snow
Member
With no fp game for the end of the year if there was any chance for xbox to grab back some marketshare it would be this year.
Alas...
Alas...
Mister Wolf
Member
Spiderman bundle , redesign with 250GB more storage & maybe Portal .
Strangely PS5 is continuing to sell at a steady pace at $499
Elysium44
Banned
In today's dollars the PS2 launched at $529 and was down to $329 by 2003. So not really much cheaper. PS5 is not expensive and doesn't explain why sales are missing expectations. The lack of compelling reasons to buy it probably does.
Mibu no ookami
Member
Beyond bizzare. Games cost way too much to develop to not try to recoup some of the cost from PC, especially if it doesn't eat into your hardware sales. If Sony can sell more PS5s than PS4s AND sell their first party content on PC which they didn't do on PS4, doesn't that sound like a no brainer?
They didn't say no first party games for the rest of the year. They said they won't be releasing a major franchise i.e. God of War, Spider-Man, Horizon, Gran Turismo, Uncharted, Ghost of Tsushima, or Last of Us...
It's almost in insane problem to have. No one in the industry has as many major AAA franchises, that people would get in a tizzy over not having a release in a year.
When is the next Baldur's Gate coming out or the next Elden Ring? Games take time to develop.
Sony also is making original IP, it doesn't mean the games can't sell well, they just obviously wouldn't project it to sell as much as Spider-Man 2, but guess what happened in 2020. Ghost of Tsushima sold about as well as The Last of Us 2. Elden Ring sold better than Horizon Forbidden West. New IP has the potential to overperform probably more so than existing IP which have more consistent projections.
Mibu no ookami
Member
PS2 never sold 25 million units in a single fiscal year. PS2 also doubled as a dvd player and a very cost effective one.
PS5 missed expectations because expectations were too high. It's on pace to be a top 5 selling system all time, but let's pretend like that isn't true because... reasons...
Ar¢tos
Member
I mean.. Sure... But on what other platforms?
They are already going to PC, so Switch?
Getting Sony AAA running on Switch would be a nightmare.
Xbox isn't even a consideration... It would cost more to port, debug and optimize the games (and dealing with the XSS) than the profit they would make from the sales there.
Mibu no ookami
Member
I meant more that you were more on the side of this selling 25 million.
adamsapple
Or is it just one of Phil's balls in my throat?
rhodesianshepard
Member
Sony's 1st party studios are too clustered together for their release dates. Pretty much every major first party studio is expected to release a game in 2026 or 2027. Maybe Housemarque or Bluepoint release in 2025, but I wouldn't be surprised if they need a full 5 years of development for new IP's. Bend, SSM, Naughty Dog, Insomniac, Guerilla, and Sucker Punch are all lumped together in that 2026-2027 release window
Also, do these numbers include writing off Factions? That was probably an extra 100-200mil operating loss
Also, do these numbers include writing off Factions? That was probably an extra 100-200mil operating loss
intheinbetween
Member
Well, it is unknown for me the profit they make for each PS5 sold, so I wouldn’t say they can afford a price cut or they can’t unless we get the whole picture.
There are still many people playing games on their vanilla PS4 and PS4 Pro, sooner or later these people will move to PS5 but since most of current titles are being released on former gen consoles people don’t feel the urge to upgrade. Releasing new titles on older consoles seems to be a double-edged sword strategy, you sell more copies but don’t entice customers to upgrade their hardware
Ass of Can Whooping
Member
Their upcoming games are new IPs, not major existing titles
Mibu no ookami
Member
When you consider the PS5 late stage and early PS6, it's largely fine, but that's also why they want live service franchises.
Releasing 2-3 games a year between 2026 and 2028 is fine, in fact it is good and exactly what they did in the final years of the PS4.
God of War and Spider-Man both came out in 2018. Ghost of Tsushima and TLOU2 both came out in 2020. 2019 saw both Day's Gone and Death Stranding.
Physiognomonics
Member
What did they release in 2023 bar Spider-man 2 in october?
GHG
Member
Right. So their revenue increases YoY, resulting in new records are not influenced by the yen weakness, which is what you were suggesting.
An inflationary environment is not a positive thing when you intend to sell products to consumers. Despite that, they are still managing to sell more than they did in previous years.
Why don't you ask them:
PS5 Hits 50 Million Sold, November 2023 Was Best Month In PlayStation History For Console Sales
SIE boss Jim Ryan thanks fans for their "unwavering support."
www.gamespot.com
I also expected the slim to come with a price cut & not an increase but I'm guessing that will happen after March unless something is going on that will push the prices up more.
Punished Miku
Gold Member
That headline lol. "Gaming" is in trouble. So polite.
GHG
Member
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It sounds like layoffs, closure of some Studio and more day one games on PC approaching. The industry must be much worse than it seems.
I expected everything except the apocalyptic message from the CEO of SONY questioning the viability of their business in the current situation where they are prominent leaders.
AAAs are ceasing to be profitable. They are very expensive and require on average 5-6 years or more of development. You simply need each one of them to be a resounding success and sell twice as much as the last generation. And this requires reaching out to many users because consoles are not growing in that aspect, but rather the opposite.
I expected everything except the apocalyptic message from the CEO of SONY questioning the viability of their business in the current situation where they are prominent leaders.
AAAs are ceasing to be profitable. They are very expensive and require on average 5-6 years or more of development. You simply need each one of them to be a resounding success and sell twice as much as the last generation. And this requires reaching out to many users because consoles are not growing in that aspect, but rather the opposite.
Ass of Can Whooping
Member
Don't worry we have the state of play tomorrow
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Mister Wolf
Member
Well they're going to have to come with something. How else are they going to trick you guys into buying a PS5 Pro?
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VitoNotVito
Member
The source is the Sony earnings website itself. There cannot be anything more reliable...read source
GHG
Member
Better performance for existing games tends to be good enough for me. As it has been for literally every GPU upgrade I've ever done.
Kokoloko85
Member
Im comparing exclusives to exclusives at the time.
None of those games were on PS3 or PC. PC titles from PS wasnt even a thing. So we all thought they were always on PS only. Evene if you dimiss those, theres still more of them
Mister Wolf
Member
Yes they were. LBP3 was on PS3, Left Behind was on PS3, Tearaway was a port from an old Vita game.
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GHG
Member
I think you're overestimating what these consoles are capable of.
As someone whose previous GPU was a 2070 Super, I can tell you it's not much.
You can't be serious. Competition is definitely good for the consumers. As one of them, I care much more about the value they offer in products and services than their internal growth targets.
Kokoloko85
Member
Im comparing for the time. Theres no cake, its just simple. PS4 exclusives Vs PS5 exclusives, time by time comparison. By 2024 vs 2017
Spiderman Miles Morales and Horizon 2 were cross gen, like GT7 and God of War Ragnarok. The games I listed were only released on PS4….not cross gen or PC.
Those games were exclusive to PS4. There wasnt even an idea that PS games would go to PC. Returnal came to PC in less than 2 years.
Im just stating true exclusives to a platform
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