Turning a proft in the second half of the generation doesn't mean they recovered all they lost. Yes, this is all common knowledge.
And with Microsoft also losing money, the future looks good for Nintendo....
www.theguardian.com
Who told you that?
What on earth are you on about?
It was evident in their financial statements at the time.
Sony's loss in the January-March quarter widened from a year ago on massive costs for the new PlayStation 3 game machine, but the company forecast that profit for the current year would more than double to a record on strong sales of flat TVs and other electronics.
www.nbcnews.com
Plunging sales and strength of yen lead to firm's first net loss in 14 years
www.theguardian.com
Exactly.
I am starting to give several users in this thread massive side eyes....especially if they've been hanging out in Sony financial threads over the years.
Shawn Layden also talked about it in several interviews. Also calling the PS3 Sony's Icarus moment:
During his DICE 2019 keynote speech, SIE Worldwide Studios Chairman Shawn Layden discussed the lessons Sony has learned in game development, including how missteps with PlayStation 3 led to changes with PlayStation 4.
www.ign.com
I had to find the old article, because interviews from last year keep popping up on Google.
Also.....in a strange twist of fate Cell wound up being beneficial to Sony outside of consoles: (not sure if the link below works).
"Moreover, the hard-earned experience from developing the Cell/B.E. at a massive investment cost led to Sonyʼs semiconductor business capturing the worldʼs number one position in imaging applications. Applying the advanced MOS LSI technology acquired in developing the Cell/B.E. to the development of CMOS image sensors helped them achieve their superior position. In terms of human resources, system LSI, network and other engineers rapidly cultivated technological skills while Sony brought together hundreds of highly specialized human resources from outside the company.
In 2015, for production bases of the semiconductor business, which had undergone restructuring in 2011, Sony announced a program to strengthen development and production of image sensors. Under the third mid-range plan, announced in 2018, Sony intends to maintain its number one position in imaging and become the global leader in sensing, both in the CMOS image sensor area.
In these ways, the development of the PlayStation® business has led to growth that leveraged Sonyʼs business diversity and generated substantial value for other businesses. Sony will continue to take on the challenge of creating products, services and platforms that achieve even greater appeal."