Don't take my comment regarding Sony being the next Sega seriously, I had the tin foil hat smiley placed after that sentence for a reason.
I also hope Sony does not exit the gaming industry, the PS1 is actually my first gaming console. It's just sad to see Sony doing everything right for the core gamer like giving us tons of exclusive/variety of games and still not sell as much PS3s as Microsoft which has been riding the COD and Kinect train.
They give the average consumer tons of value on there purchase with free online play(No fee barrier for using Netflix, and other apps) and even allow us to upgrade the hard drive freely which is important to enjoy everything the PS Store has to offer.
[quote name='QiG']The sky is not falling. Except for the Wii launch, it has been a historic trend for a manufacturer to post losses after a launch( Vita )[/QUOTE]
The losses didn't mention anything about the Vita. They just mention last year's PS3 price cut, lower demand for PS3s, and Thai floods. I actually think Sony makes a slim profit off each Vita, hence why it was not mentioned as a factor for the losses.
[quote name='vherub']The Playstation Division is actually the "Consumer Products & Services" Division which includes TVs, Cameras, PCs, and gaming.
This division was badly impacted by the earthquake, but there are systemic problems as well. TVs have been in terminal decline (and this is not just Sony, but industry-wide). The earnings release has $1+ billion of that loss as a result of the TV segment.
Sony has been in trouble for a number of years, and is getting slammed by competitors, be it Samsung, Apple or increasingly Chinese companies.
The PS brand is far, far too valuable for it to be ended anytime soon. There seems more of a chance Sony would split itself into pieces, as it continues to evaluate what structural changes might be needed to right the ship.[/QUOTE]
The Playstation Division is the Playstation Division. The company as a whole which includes the other consumer electronics products lost $5.74 billion.