Sony FY2024 Q2 Earnings Announcement | OT
- Thread starter mibu no ookami
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Sony stock up 12.35% largely on the strength and health of PlayStation as reflected in the annual report this morning.
Sony still has to deliver a strong quarter and with discounting and the PS5 Pro, it looks like they feel like they are still on pace.
There is now little doubt that the PS5 will outpace the PS4 by the end of the following fiscal year and little doubt that the PS5 will outsell the PS4 lifetime sales.
Sony still has to deliver a strong quarter and with discounting and the PS5 Pro, it looks like they feel like they are still on pace.
There is now little doubt that the PS5 will outpace the PS4 by the end of the following fiscal year and little doubt that the PS5 will outsell the PS4 lifetime sales.
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The improved hardware profitability is for this previous quarter.
They've since shifted out of standard PS5s and there hasn't been massive discounting of PS5s in that quarter. The PS5 Slim line is cheaper to develop.
Q3 hardware profitability will probably decline due to discounting, but will be partially offset by the cheaper cost to produce the slims AND the profitability on the pro. Q4 will return to profitability.
FY2025 is going to be massive for Sony. Will be so interesting to see how much they forecast PS5 hardware with GTA6, Ghost of Yotei, Death Stranding 2, Venom, Marathon, and maybe Fairgames. My guess is discounting will be limited but we might see some bundles.
For the equivalent year, sony forecasted 17.8 million units, but the ps4 did not have GTA6... and early Pro sales. I think we should see at least 18 million units forecasted if not more, but maybe they'll be conservative.
Yeah but Death Stranding is on Xbox now. Playstation is dying right in front of our eyes!
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Yes, because SIE are going to take all $341 million earned from PC (and Nintendo and Xbox, that's where the "other platforms" is actually there for) and spend it on a new Spiderman game? No that's not going to happen, and that means little for a PS5 owner because by the time said game comes out the PS5 will likely have ceased production and it'd be a PS6 title to try moving the base to that system.
Most of that $341 million is going to go back into stocks, securities, various funds and giving bonuses to CEOs. Oh and don't forget, they have to pay taxes on that $341 million so there's a chunk gone already. Oops, not enough for a new (yet another) Marvel superhero AAA safe sequel after all, huh?
Nintendo survived the Wii U without resorting to platform and brand-devaluing ports to PC or other consoles.
Also, their cash reserves are the largest by far among platform holders in the industry (Microsoft Gaming is almost $80 billion in the hole due to borrowing a ton from Microsoft Corp and spending it on 3P acquisitions that've yet to repay themselves in net profits).
Your "har-har" is based on a scenario with at best 1% probability of happening within the next decade. Likely even less than that.
Oh that $341 million was revenue? Lol; mibu of course would conflate that with profit.
Even assuming 100% profits after Valve's cut, that's only $238.7 million in profits from PC, Switch, and Xbox software sales. Assuming an average MSRP of $50, that's 4.77 million units for the quarter across those platforms.
That's not great, considering the amount of ports they have on these other platforms. Let alone the new games they ported to PC this past fiscal quarter.
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Ratchet and Clank is just under 5 million sales and Astro Bot had a bigger launch so I think it's safe to say Astro Bot will be over 5 million sales in under 3 years.
Oh no the world is going to end because they missed by a measly 200k. They would've simply had a good sale to get that 200k if they wanted.
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This is why I don't take Welfare seriously. Not only does he try to artificially boost Xbox numbers from time to time in his estimates, he has poor takes like this one.
PS5 sold only 4.5 million units in Q4 in the previous fiscal year. With the PS5 Pro and with Monster Hunter, it's safe to assume it'll do more units than this. The largest equivalent release was FF7 Rebirth. So it largely comes down to this Q4.
They need 7.3 million units sold in Q3.
If we assume 1.25 million units for PS5 Pro, that leaves 6.05 million units of standard PS5s. They can achieve that with a 26.22% drop in sales. They would have to drop below their average decline for that to happen.
It's possible, but even if it happens, they can extend discounting into Q4 to make up the difference. I'm sure they'll do something like a PS5 Pro bundle for Monster Hunter in Japan (at least if they're smart).
What an absolute clown. 200K is a huge shortfall according to him.
Doesn’t he post here?
The PS5 Pro will make up for any shortfalls.
Probably sold more than 200K already.
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It's not just the Pro, but the anniversary edition PS5 sales should also help Sony reach a strong Q3 target. The craziest thing is they left money on the table.
To squabble over 200K is disqualifying, especially given the context.
I do think Sony also left money on the table in China and it was a softer quarter than they could have had, but they're set up for success in reaching 18 million units. I think it's just as likely that they exceed forecast as it is they miss it slightly.
How many anniversary edition PS5s were produced?
I know the Pro version was 12K.
Simply not enough if you ask me. Sony could have made a million and they would have sold.
Requesting a doomer response.
Can one of you explain to me how selling about 2% below PS4 in hardware sales, at a 20-30% higher price tag, being one year late to drop a Pro revision, and covid shortages is a flop? The data is suggesting to me that PS5 is easily going to outsell PS4 in the long run. The way you guys speak makes it seem like people are leaving in droves ala Xbox with multple YoY declines... but the data doesn't suggest that. They are making more revenue and profit than they ever have.
Can one of you explain to me how selling about 2% below PS4 in hardware sales, at a 20-30% higher price tag, being one year late to drop a Pro revision, and covid shortages is a flop? The data is suggesting to me that PS5 is easily going to outsell PS4 in the long run. The way you guys speak makes it seem like people are leaving in droves ala Xbox with multple YoY declines... but the data doesn't suggest that. They are making more revenue and profit than they ever have.
Totally weird. They act like they dont know where the decline is coming from and why. Europe is strapped for cash and in a recession, and things are about to get worse if Trump pulls the United States out of NATO.
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I'm at the point where I think they genuinely got their feelings hurt over multiplatform decisions and are now throwing a child tantrum at Sony for it. Then you have PC dudes drinking their tears and egging it on even more. This so called death PS is purely an emotional thing, because this data doesn't spell that out whatsoever.
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They think people are leaving in droves for PC rather than Xbox, but the MAUs suggest otherwise.
I immediately noticed an uptick in shifting from ps5 is doomed to wait and see how this impacts the ps6 sales. They're forever moving the goalposts.
They don't think geopolitics has an impact on economics and industries.