Japanese insider claims Sony's gaming division on verge of bankruptcy

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SargentD

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#1  Edited By SargentD
Member since 2020 • 7863 Posts

Key claims made:

  • Sony Gaming division is in a financial crisis
  • Sony Created excess inventory and apparently are sitting on a mountain of inventory (consoles/accessories)
  • This is why Sony cut ties to thier CEO Jim Ryan
  • Sony Gaming still does not have a CEO
  • Sony does not make much money off console sales
  • PS portal is a failure
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deactivated-65dd04f21decf

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#2  Edited By deactivated-65dd04f21decf
Member since 2022 • 3769 Posts

Lol, no.

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SargentD

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#3 SargentD
Member since 2020 • 7863 Posts

https://x.com/iiamcloudman/status/1728286502055280861?s=20

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hardwenzen

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#4 hardwenzen
Member since 2005 • 37318 Posts

Desperate lems trying their hardest to troll my system, our system. Foolishness.

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Nonstop-Madness

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#5 Nonstop-Madness
Member since 2008 • 12302 Posts

Sounds like hardcore Xbot fan fiction. lol

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Pedro

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#6 Pedro  Online
Member since 2002 • 68669 Posts

Bullshit. I am not going waste my time clicking on that link.

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Howmakewood

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#7 Howmakewood
Member since 2015 • 7670 Posts

how do you even find this crap?

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Archangel3371

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#8 Archangel3371
Member since 2004 • 43820 Posts

Yeah, not going to even bother watching that. 😅

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mrbojangles25

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#9  Edited By mrbojangles25
Member since 2005 • 57991 Posts

Not watching the video, not giving them the clicks.

But, as for the topic...

Sorry to drag a technicality into this, but can a division go officially bankrupt? I thought there was just Sony as a corporation and that's it.

Is Sony itself going bankrupt? That'd be hard to believe. But maybe this is more of a casual use of the term bankruptcy, as in it's not profitable and Sony is thinking of doing away with it.

@howmakewood said:

how do you even find this crap?

Spends all day on youtube, probably.

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BenjaminBanklin

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#10 BenjaminBanklin
Member since 2004 • 10928 Posts

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SargentD

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#11 SargentD
Member since 2020 • 7863 Posts

I admit this rumor Ville. Taken with a grain of salt, but all real things start as rumors in the beginning and I'm not so convinced this is that out there.

They don't even have a ceo right now.

They have no 1st party games announced in the near future.

Their live service bet looks to be crumbling.

Playstation portal looks like one of the worst gaming hardware devices from one of the big 3 in a long time.

I wouldn't be surprised if this comes to fruition.

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blaznwiipspman1

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#12 blaznwiipspman1
Member since 2007 • 16495 Posts

@sargentd: well I doubt it. Sony has been selling their garbage console at full price, no discounts in the last 3 years (let that sink in), and probably making a healthy profit off each piece of old arse hardware sold. The dumb cows keep falling for it. Myself, I was slightly tempted with buying a ps5 on black friday for spiderman, but passed on it after thinking it over.

End of they day, more time goes by and sony still not dropping their price, the less that people like me will be motivated to buy it. The console should be $299 by now, and include a game.

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ENI232

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#13 ENI232
Member since 2020 • 977 Posts

We need something that shocking, for laughs.

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PC_Rocks

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#14 PC_Rocks
Member since 2018 • 8411 Posts

the division that has been making profits all along is on the verge of bankruptcy...LOL what?

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Chutebox

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#15 Chutebox  Online
Member since 2007 • 50421 Posts

Right...lol

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hardwenzen

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#16 hardwenzen
Member since 2005 • 37318 Posts

@pc_rocks said:

the division that has been making profits all along is on the verge of bankruptcy...LOL what?

For once you're not trolling my Playstation 5. Thank you.

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DaVillain

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#17  Edited By DaVillain  Moderator
Member since 2014 • 55700 Posts

Looking at the keynotes, those are some bold statement claims for sure. I'll believe it when I see it happening to Sony in the upcoming months.

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hardwenzen

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#18 hardwenzen
Member since 2005 • 37318 Posts

Sony is honestly done.

Loading Video...
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adsparky

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#19 adsparky
Member since 2006 • 2532 Posts

Heard about that, they actually don't sell practically any consoles and spend all the money they get paying retailers to lie about the console sales... wait no, that was about the PS2 around 20 years ago; and still it is as true as it was back then.

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Maroxad

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#20 Maroxad
Member since 2007 • 23703 Posts

Highly unlikely.

Last time I checked, Sony had some of the largest revenues in the industry.

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timemasheen

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#21 timemasheen
Member since 2015 • 478 Posts

Oh yeah those claims are totally true. ROFL

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hardwenzen

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#22  Edited By hardwenzen
Member since 2005 • 37318 Posts

@hardwenzen said:

Sony is honestly done.

Loading Video...

@davillain this thread has nothing to do with cows suing Sony.

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Saint-George

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#23 Saint-George
Member since 2023 • 1067 Posts

RIP Sony.

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nintendoboy16

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#24 nintendoboy16
Member since 2007 • 41443 Posts

Oh a baity f***ing video. No thanks...

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SargentD

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#25 SargentD
Member since 2020 • 7863 Posts

@Maroxad said:

Highly unlikely.

Last time I checked, Sony had some of the largest revenues in the industry.

@hardwenzen said:
@hardwenzen said:

Sony is honestly done.

Loading Video...

@davillain this thread has nothing to do with cows suing Sony.

That's a whole other thing I didn't even mention.

Sony being sued for 7 billion dollars for forcing 3rd party developers to sell through sonys store only.

Now does Sony force them to use thier store strictly out of greed, they are super successful and just want to gouge as much as they can.

Or are they gouging because they have to because they are hurting and need that money *shrug*

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SOedipus

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#26 SOedipus
Member since 2006 • 14776 Posts

Explains lack of games.

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lamprey263

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#27 lamprey263
Member since 2006 • 44450 Posts

Doubtful, Sony was in worse situation over a decade ago with almost no equity between their debt and assets and they've done lots to climb out of that for the last decade. If anything I see concerns over long term solvency projections but they likely have time to correct course. There is something to say about the leadership issue with SIE though, it's looking to be nothing more than a third party console for the rest of 9th gen. Considering their share of the console market though I imagine they'll make most their money on royalties from third parties. That lawsuit though, that is something to worry about the impact that could have by itself, I don't think it'll go very far but who knows.

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sakaiXx

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#28 sakaiXx
Member since 2013 • 15784 Posts

Wow. that is an xbot meltdown moment right there

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Archangel3371

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#29 Archangel3371
Member since 2004 • 43820 Posts

@hardwenzen: This thread does though:

https://www.gamespot.com/forums/system-wars-314159282/sonys-79-billion-dollar-failure-33612341/

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hardwenzen

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#30  Edited By hardwenzen
Member since 2005 • 37318 Posts

Sony has nothing, and lems are malding. IMAGINE if the PS5 was pumping like the ps4 did three years after launch😂

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SargentD

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#31  Edited By SargentD
Member since 2020 • 7863 Posts
@hardwenzen said:

Sony has nothing, and lems are malding. IMAGINEif the PS5 was pumping like the ps4 did three years after launch😂

Loading Video...
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Jag85

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#32 Jag85
Member since 2005 • 19282 Posts

Fake news. It's been debunked on X Community Notes.

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hardwenzen

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#33 hardwenzen
Member since 2005 • 37318 Posts

@Archangel3371 said:

@hardwenzen: This thread does though:

https://www.gamespot.com/forums/system-wars-314159282/sonys-79-billion-dollar-failure-33612341/

Well that sucks. Mine had such an incredible title.

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ermacness

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#34 ermacness
Member since 2005 • 10576 Posts

@blaznwiipspman1 said:

@sargentd: well I doubt it. Sony has been selling their garbage console at full price, no discounts in the last 3 years (let that sink in), and probably making a healthy profit off each piece of old arse hardware sold. The dumb cows keep falling for it. Myself, I was slightly tempted with buying a ps5 on black friday for spiderman, but passed on it after thinking it over.

End of they day, more time goes by and sony still not dropping their price, the less that people like me will be motivated to buy it. The console should be $299 by now, and include a game.

Did Xbox dropped their price, because if they didn’t then why does Sony “supposed“ to?

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Archangel3371

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#35 Archangel3371
Member since 2004 • 43820 Posts

@hardwenzen: No, it didn’t.

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hardwenzen

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#36 hardwenzen
Member since 2005 • 37318 Posts

@Archangel3371 said:

@hardwenzen: No, it didn’t.

Yes it was. Sorry.

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HalcyonScarlet

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#37 HalcyonScarlet
Member since 2011 • 13605 Posts

Well deserved. Now we can focus on gameplay again. ;-)

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Litchie

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#38 Litchie
Member since 2003 • 34341 Posts

Yeah sure. Sounds legit.

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sonny2dap

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#39 sonny2dap
Member since 2008 • 2046 Posts

What is that nonsense? I've seen some BS posted here but that's prime quality bovine excrement right there.

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madrocketeer

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#40  Edited By madrocketeer
Member since 2005 • 10526 Posts

Yeah, "insider..." ...according to some random no-name YouTuber. Lol.

Yeah, until this is confirmed or reported by more reputable sources, I'm gonna pour a big ole' bucket of doubt on this one.

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TheEroica

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#41 TheEroica  Moderator
Member since 2009 • 22378 Posts

Not a chance this is true... How could it be? They're doing extremely well in this business and have for decades.

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KathaarianCode

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#42 KathaarianCode
Member since 2022 • 3311 Posts

Must be true.

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SecretPolice

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#43 SecretPolice
Member since 2007 • 43831 Posts

Poo cows. No wonder BS Jive has no games. lol :P

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palasta

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#44 palasta
Member since 2017 • 1361 Posts

Wouldn't surprise me.

@lamprey263 said:

Doubtful, Sony was in worse situation over a decade ago with almost no equity between their debt and assets and they've done lots to climb out of that for the last decade.

Yeasure. But now the games market is in a worse situation, and it's getting more worse.

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KvallyX

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#45 KvallyX
Member since 2019 • 12649 Posts

Makes sense, when you have no games.

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Heil68

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#46 Heil68
Member since 2004 • 60645 Posts

lolno

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Antwan3K

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#47 Antwan3K
Member since 2005 • 7954 Posts

Sony is basically a monopoly in the home console market.. there is no way they are remotely going bankrupt with the PlayStation division..

internet trash is trash..

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uninspiredcup

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#48 uninspiredcup
Member since 2013 • 58305 Posts

Woke movie games have DESTROYED them.

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onesiphorus

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#49 onesiphorus
Member since 2014 • 5221 Posts

@uninspiredcup said:

Woke movie games have DESTROYED them.

Just like Disney ("Wish" is a box office flop).

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Jag85

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#50 Jag85
Member since 2005 • 19282 Posts

@onesiphorus said:
@uninspiredcup said:

Woke movie games have DESTROYED them.

Just like Disney ("Wish" is a box office flop).

Barbie is a very woke movie, yet that's the #1 blockbuster of the year. Disney is flopping because they have terrible writers.