Sony’s value reportedly dropped by $10 billion following ‘disappointing’ PlayStation financials

[AdrianH]

While Sony had previously hoped to ship a record 25 million PlayStation consoles during its current fiscal year ending in March, last week it said during its latest quarterly earnings results that it now expects to miss that target by four million units.

Following the earnings report, Sony shares fell as much as 8.4% and closed down 6.5%, partly as a result of the revised PS5 hardware sales forecast, but also partly due to a drop in operating margin in Sony’s gaming business to 6% (compared to 9% in the December quarter of 2022 and 12-13% in the years before this).

Sony’s value reportedly dropped by $10 billion following ‘disappointing’ PlayStation financials | VGC

The company’s shares dropped last week following its financial…

www.videogameschronicle.com

 

[MarioAna]

Margin is the big problem.

Little wonder so many are trying to find that live service gold. When a AAA costs $200m plus it’s a huge risk. Hopefully Helldivers II shows them how live service stuff can work if you don’t try to rape every cent out of customers.

 

[Deviation]

Yup. GTA Online, Fortnite, or even Genshin. They just need one banger of live service and they are set.

Though, I feel that live services markets are already saturated. There are only so many gamers and so many hours they can dedicate to live service games.