Tag - playstation

 
 

PLAYSTATION

A customer walks past a display for Nintendo's Super Mario at an electronics store in Tokyo on Jan. 12. Last year, Nintendo increased salaries, in part to be competitive with other studios.
BUSINESS
Apr 2, 2024
Japan’s game industry weathers the storm amid layoffs worldwide
The country's studios are actually scrambling to attract and retain talent — a state of affairs that is symptomatic of the nation’s demographic challenges.
Sony's move to cut costs and Microsoft's decision to release titles on rival platforms reflect uncertainty in the gaming industry.
COMMENTARY / Japan
Mar 8, 2024
Looks like we're nearing peak PlayStation
The gaming industry as a whole is struggling with ballooning development costs and longer production cycles, leading to fewer and risk-averse titles.
Sony trimmed its revenue forecast after sales of its flagship PlayStation 5 in the December quarter came in roughly a million units lower than analysts’ estimates.
BUSINESS / Companies
Feb 15, 2024
Sony dives most in two years after cutting PS5 sales outlook
Shares fell as much as 8.4% in early Tokyo trading, the biggest intraday fall since February 2022.
Attendees play the Fate/Samurai Remnant video game on PlayStation 5 video game consoles at the Tokyo Game Show in September.
BUSINESS / Companies
Dec 21, 2023
Sony highlights PS5 momentum as hardware sales top 50 million
Sony is seeing strong momentum for its PlayStation 5 console, a senior games executive has said, with lifetime sales exceeding 50 million units and the company recording its best-ever Black Friday period sales for the device.
Sony Group has raised its full-year outlook after its media divisions outperformed.
BUSINESS / Companies
Nov 9, 2023
Sony raises sales and profit outlook as media helps offset mobile
The adjustments suggest resilient consumer spending and a weaker yen are stabilizing the business.
Bungie, the Sony-owned game studio behind Destiny 2, has cut an undisclosed number of staffers amid restructuring of Sony's video game operations.
BUSINESS / Companies
Oct 31, 2023
Sony’s Bungie game unit cuts staff following delayed titles
Sony, which purchased Bungie in early 2022 for $3.6 billion, has been cutting staff across its PlayStation division this year, in part due to delays.
Jim Ryan, president and CEO of Sony Interactive Entertainment, speaks during the Consumer Electronics Show in Las Vegas in January.
BUSINESS / Companies
Sep 28, 2023
Sony gaming chief Jim Ryan to retire in March
Ryan became CEO of Sony Interactive Entertainment in 2019 and oversaw initiatives including the launch of the PlayStation 5.
Nintendo Tokyo at the Shibuya Parco department store complex, the first such official Nintendo store in Japan
COMMENTARY / Japan
Sep 27, 2023
Microsoft buying Nintendo would have been a disaster
Imagine the clash of cultures. Nintendo executives famously cut their own salaries rather than lay off workers during the failure of the Wii U.
Sony, a key supplier of image sensors to Apple and other device-makers, has said it doesn’t expect demand in the mobile phone market to bounce back until next year at the earliest.
BUSINESS / Companies
Aug 10, 2023
Sony falls most in a year as smartphone demand fails to recover
The Tokyo-based company’s operating income fell 31% in the first fiscal quarter because of sharp declines in the movie and sensor groups.
Japan Times
BUSINESS
Apr 28, 2023
Sony casts doubt on PlayStation momentum with cagey outlook
The Tokyo-based firm said it expects operating income of ¥1.17 trillion ($8.7 billion) in the year ending March 2024, below average analyst estimates of ¥1.27 trillion.
Japan Times
BUSINESS / Companies
Jan 31, 2023
Sony slashes PlayStation VR2 headset output after pre-orders disappoint
The company halved its forecast for shipments of the PSVR2, which is set for a Feb. 22 release, this quarter to about a million units.
Japan Times
BUSINESS / Tech
Dec 13, 2022
Microsoft’s Call of Duty offer to Sony includes subscription service
Microsoft has publicly stated that it offered Sony a 10-year deal to make Call of Duty available on the Japanese company's PlayStation console.
Japan Times
BUSINESS / Companies
Nov 2, 2022
Sony bumps up profit outlook as weak yen juices sales
A boost in streaming sales from its music publishing business helped fuel the earnings revision, making up for lackluster momentum in its games and image sensor businesses.
Japan Times
BUSINESS / Companies
Oct 3, 2022
Sony betting big on next VR headset with increased production plan
Mass production of the virtual reality goggles began in September and hasn't yet faced supply chain constraints, sources said.
Japan Times
LIFE / Digital / ON: GAMES
Sep 3, 2022
Death Stranding and the last gasp of video game exclusives
Is the day approaching when console makers can no longer claim dominion over even the games they develop?
Japan Times
BUSINESS / Tech
Aug 26, 2022
Sony hikes prices for PS5 in Japan and other markets but spares U.S. consumers
Sony's games business has been squeezed by supply chain snarls feeding into hardware shortages, but the firm now aims to boost production of the consoles for the year-end shopping season.
Japan Times
BUSINESS / Companies
Jul 29, 2022
Sony cuts profit outlook on weaker PlayStation prospects
The Tokyo-based entertainment conglomerate said Friday that it now expects u00a51.11 trillion ($8.3 billion) in operating profit, down from u00a51.16 trillion previously.
Japan Times
LIFE / Digital / ON: GAMES
Jul 2, 2022
With major expos in limbo, Tokyo Game Show reaches an inflection point
Are news-heavy gaming expos heading for a fan-forward sea change?
Japan Times
BUSINESS / Tech
Jun 12, 2022
Sony PlayStation’s new God of War video game planned for November
God of War Ragnarok, now to be released in November, was announced in 2020 for PlayStation consoles. Sony had delayed the game several times since.
Japan Times
LIFE / Digital / ON: GAMES
Apr 2, 2022
Gaming companies slow to press pause on Russian business
Western console and game makers beat their Japanese counterparts to the punch when it came to taking a stand against Russia's invasion of Ukraine.

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores