Sony's PS4 has to create better #PlaystationMemories
The company's PlayStation consoles and handhelds have led the video-game industry's recent slump, despite Twitter users' rosy recollections.
There's still a whole lot of time between now and June's Electronic Entertainment Expo in Los Angeles, which is why Sony (SNE) is uncorking its PlayStation 4 on Wednesday night and asking Twitter followers to get the hype machine cranking. Quite frankly, Sony could use the help.
According to video-game industry statistics site VGChartz, Sony's PlayStation 3 is likely so named because it's finishing its console's generation mired in third place worldwide. The 72.8 million consoles sold to date worldwide lags behind the 74.3 million Xbox 360 consoles Microsoft (MSFT) has sold (Microsoft owns and publishes moneyNOW, an MSN Money site) and is a shadow of the 99 million Nintendo Wii consoles sold since the mid-2000s. Sony's gaming division's revenue declined 15% year over year, and the division itself has been plagued with problems since its online PlayStation Network was breached and went offline for a bit in 2011.
In the U.S., it's a far worse picture. Last year, the company sold fewer than 1.2 million versions of its new PlayStation Vita handheld console. Sure, it has lots of competition from smartphones with cheaper games and a lower buy-in price than the Vita's $250 starter console, but Nintendo still managed to more than triple that effort by selling 3.7 million 3DS handheld consoles during the same span. The Vita was even outsold by Nintendo's years-old original DS handheld, which moved 1.9 million consoles last year.
It's been a long time since Sony turned the video-game industry on its head with the original PlayStation in 1995 and rose to dominance with the PlayStation 2 console in 2000. Though Sony has lowered projections for handheld sales from 16 million units to 10 million, its competitors at Nintendo sustained huge losses last year and lowered projections for both the 3DS and its new Wii U in 2013. The Wii U just broke 1 million sales in the U.S. and is still being outsold here by the older, cheaper Wii.
The folks at Fortune are already calling for the PlayStation 4 to learn from the previous console mistakes and incorporate more streaming and the Vita either as a secondary screen or a controller. In an industry where sales have already declined 22% since 2011 and smartphones and tablets are eating consoles alive, gamers' #PlaystationMemories of the first time they beat the Tyrant in Resident Evil may remain just that: memories of a time that no longer exists.
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
While incompetent bosses like Michael Scott and Andy Bernard typically can’t survive in the workplace, office romances are a very real part of corporate culture.
- Southwest Airlines turns less legroom into $773M
- 'American Idol' gets sorry ratings for season finale
- Powerball's wacky sense of humor
- Millions of Facebook's users are actually pets
- Can crowd funding rescue the LA Times?
- Domino's debuts a DVD that smells like pizza
- Average US retirement age climbs to 61
- McDonald's aims to slim down its 145-item menu
- Bathroom reading goes digital with iPad TP stand
[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy support.
The bullish bias was evident in premarket action as the S&P futures pointed to a higher start without the benefit of any definitive news catalyst. Stocks indeed benefited from a blast of buying interest at the opening bell on this ... More
More Market News
All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.