Tag Archives: PlayStation

Sony’s Financial Report For Fiscal 2014

SonyPlaystation4Sony shared their sales numbers for the fiscal year from April 1, 2014 to March 31, 2015 and there’s good and bad. First let’s talk about the good news. The good news is their gaming division did VERY good with sales being up 33% over 2013. In total, the gaming division made 48.1 billion yen (around $404 million). During that time period, 17.9 million home consoles were sold, 14.8 million of those were Playstation 4’s. They also managed 3.3 million handheld devices. Because Sony sold so many Playstation 4’s, they’re projecting even stronger sales this year with 16 million Playstation 4’s being the target.

Sony’s Chief Financial Officer, Kenichiro Yoshida, explained that they’re anticipating a lower operating incoming for the Playstation brand this year compared to last year. However, the reasoning for this is because they’re going to aggressively invest in the Playstation brand in 2015. This year they’ll be getting behind first-party development in a big way, will be making a push for original entertainment content, will be pushing the PS Vue, and will be investing heavily in Project Morpheus. Yoshida later explained that last year, Sony spent 89 billion yen in research and development and that for 2015 Sony is expecting a “double-digit expansion” of that number.

For the not so great news, Sony’s other divisions weren’t profitable and have continued to struggle. This means despite the Playstation brand being incredibly successful right now, as a whole the company lost 126 billion yen (over $1 billion). To sum it up, the gaming division is looking fantastic, everything else though isn’t.

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PS Vita False Advertising Settlement Details

touch vitaLast November Sony agreed to the terms of a settlement over false advertising claims for the Vita. The claims were primarly over the use of cross-platform play and cross-save functionality between the PS Vita and the PS3. The Federal Trade Commission brought the suit against Sony claiming these functions were misleading.

If you bought a PS Vita before June 1, 2012 and you live in the United States you’re eligible to claim one of the following things:

  • $25 cash (in the form of a check)
  • $25 in Playstation Store credit
  • One of three game bundles ranging in value from $66.46 to $100.46

In order to claim your settlement in the case you need to visit this web page and fill out the required information. This includes a PDF document stating that you bought the Vita before June 1, 2012, you did not return it for a refund and that you have not already redeemed the offer. In addition to that you must provide some form of proof of purchase such as a store receipt showing the purchase. The settlement form and required proof must be submitted before June 29th, 2015 to be eligible to receive compensation.

Head past the break for more details and a full list of the game bundles that are available.

Continue reading PS Vita False Advertising Settlement Details

Vita Update 3.50 and PS4 Update 2.50

PlaystationUpdate

Today was a big day in the world of Playstation. Both the Playstation 4 and the Playstation Vita saw updates that improved both systems overall. PS4 in specific saw some highly anticipated features that were talked about and shown off prior to the systems launch. Here’s a list of the features both updates brought about.

Continue reading Vita Update 3.50 and PS4 Update 2.50