Sony in trouble, stocks plunging - its all over :)

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tdkmillsy

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#1 tdkmillsy
Member since 2003 • 5819 Posts

Drama in title for system wars effect not really all over.

https://www.msn.com/en-gb/news/techandscience/sonys-stock-is-swooning-amid-worries-its-portfolio-is-in-trouble/ar-BBT9pe4?ocid=spartanntp

Japanese tech giant Sony's portfolio "is in trouble," said Ray Wang, principal analyst and founder at Silicon Valley-based Constellation Research.

Japanese tech giant Sony's portfolio "is in trouble," said Ray Wang, principal analyst and founder at Silicon Valley-based Constellation Research.

"It was also disappointing compared to Microsoft's 9% year-over-year constant currency growth in gaming revenues in its latest quarter," he said. A constant currency calculation attempts to nullify the impacts of exchange rate fluctuations.

"Investors are disappointed with Sony's declining operating profits at its core gaming division," said Leo Sun, a tech and consumer goods specialist at The Motley Fool.

PS4 keeping Sony afloat it seems, lots of pressure = play it safe going forward.

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BoxRekt

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#2  Edited By BoxRekt
Member since 2019 • 2425 Posts

So this is how MS fanboy's get their kicks, company wars?

I thought this was a "GAMING" fandom board not a company shill contest.

@tdkmillsy said:

PS4 keeping Sony afloat it seems, lots of pressure = play it safe going forward.

This thread = I hope Sony doesn't invest in any more AAA games and start making cheap underwhelming games like my favorite company MS so gaming in general can adapt our lower standard.

The f*ck outta here!

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npiet1

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#4 npiet1
Member since 2018 • 3576 Posts

Investors are disappointed with Sony's declining operating profits at its core gaming division,

"PS4 keeping Sony afloat it seems, lots of pressure = play it safe going forward."

(Can't quote on mobile). It doesn't mean that at all. It means Sony is spending to much money on the PS4 and not getting enough back. That's it. So games could be come trash though I doubt it. I expect that psnow and PS+ will rise in price by a $1 or 2. Which should be enough to make investors happy.

Does anyone have the actual figures of Sony's gaming section?

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tdkmillsy

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#5 tdkmillsy
Member since 2003 • 5819 Posts

@npiet1 said:

Investors are disappointed with Sony's declining operating profits at its core gaming division,

"PS4 keeping Sony afloat it seems, lots of pressure = play it safe going forward."

(Can't quote on mobile). It doesn't mean that at all. It means Sony is spending to much money on the PS4 and not getting enough back. That's it. So games could be come trash though I doubt it. I expect that psnow and PS+ will rise in price by a $1 or 2. Which should be enough to make investors happy.

Does anyone have the actual figures of Sony's gaming section?

That's kind of what I meant. They wont take as many risks, might not invest in new ideas etc etc. Although an increase in prices might do the job and its unlikely gamers will mind the small increase.

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PC_Rocks

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#6 PC_Rocks
Member since 2018 • 8461 Posts

Then this means it's time to invest in Sony stocks.

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Sevenizz

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#7 Sevenizz
Member since 2010 • 6462 Posts

Someone needs to copy that cow stampede meme up in here.

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SecretPolice

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#8 SecretPolice
Member since 2007 • 43933 Posts

Let me ring the bell...

:P

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nepu7supastar7

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#9 nepu7supastar7
Member since 2007 • 6773 Posts

Oh no. I guess that means Sony is dead, you guys. How will we manage? It's all over...?

Excuse me for a sec. I need to go hang myself because one of my favorite videogame companies is dead. I have lost all faith in humanity and have nothing left to live for.

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tormentos

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#10 tormentos
Member since 2003 • 33784 Posts

https://www.ign.com/articles/2019/02/01/playstation-network-revenue-hit-record-high-in-2018-topped-nintendo-and-xbox-totals

Meanwhile outside in the real world.

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tdkmillsy

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#11 tdkmillsy
Member since 2003 • 5819 Posts

@tormentos said:

https://www.ign.com/articles/2019/02/01/playstation-network-revenue-hit-record-high-in-2018-topped-nintendo-and-xbox-totals

Meanwhile outside in the real world.

Companies stock and profits not real or less real?

Maybe in your world.

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mandzilla

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#12 mandzilla  Moderator
Member since 2017 • 4686 Posts

Haven't they said the same thing about Nintendo recently? Game market analyst predictions always seem a bit overblown.

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Pedro

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#13 Pedro
Member since 2002 • 69089 Posts

Sony is profitable, so who really cares.

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tormentos

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#14 tormentos
Member since 2003 • 33784 Posts

@tdkmillsy said:
@tormentos said:

https://www.ign.com/articles/2019/02/01/playstation-network-revenue-hit-record-high-in-2018-topped-nintendo-and-xbox-totals

Meanwhile outside in the real world.

Companies stock and profits not real or less real?

Maybe in your world.

Stocks drops or rise because some one on a room passed a wind.

Is a highly volatile market were even the smallest thing upsets it, sony just register a record 3rd quarter and look how it is been seen, it means nothing.

Hell they were far far worse on the PS3 days.

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SecretPolice

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#15 SecretPolice
Member since 2007 • 43933 Posts

@tormentos said:
@tdkmillsy said:
@tormentos said:

https://www.ign.com/articles/2019/02/01/playstation-network-revenue-hit-record-high-in-2018-topped-nintendo-and-xbox-totals

Meanwhile outside in the real world.

Companies stock and profits not real or less real?

Maybe in your world.

Stocks drops or rise because some one on a room passed a wind.

Is a highly volatile market were even the smallest thing upsets it, sony just register a record 3rd quarter and look how it is been seen, it means nothing.

Hell they were far far worse on the PS3 days.

lol :P

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Shewgenja

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#16 Shewgenja
Member since 2009 • 21456 Posts

Its off of a high by less than ten percent and already trending back up from pre market sell.

In other words, they just had their most profotable quarter ever and traders piled out on alpha. Lets see where SNE is after a week and come back to this thread.

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R4gn4r0k

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#17 R4gn4r0k
Member since 2004 • 45996 Posts
@Pedro said:

Sony is profitable, so who really cares.

These companies can't be profitable. They have to make more profit every. single. year.

And that is what is killing this industry.

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jcrame10

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#18 jcrame10
Member since 2014 • 6302 Posts

Lol, keep dreaming. Sony has both quality and quantity of franchises over Microsoft and Nintendo.

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Bread_or_Decide

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#19 Bread_or_Decide
Member since 2007 • 29761 Posts

Awww, gamers playing stock market wars again?

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tormentos

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#20 tormentos
Member since 2003 • 33784 Posts

@SecretPolice said:

lol :P

Hahahaaa..

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PC_Rocks

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#21 PC_Rocks
Member since 2018 • 8461 Posts

@tormentos said:
@tdkmillsy said:
@tormentos said:

https://www.ign.com/articles/2019/02/01/playstation-network-revenue-hit-record-high-in-2018-topped-nintendo-and-xbox-totals

Meanwhile outside in the real world.

Companies stock and profits not real or less real?

Maybe in your world.

Stocks drops or rise because some one on a room passed a wind.

Is a highly volatile market were even the smallest thing upsets it, sony just register a record 3rd quarter and look how it is been seen, it means nothing.

Hell they were far far worse on the PS3 days.

Their stock is down because of their decline in operating profits compared to last year. It's right in the link that Sony won't be meeting their expectations. Besides revenue =/= profits, you cows of all people should know.

Lastly, good to see cows are getting a taste of their own medicine after so many 'Nintendo is doomed' threads.

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michaelmikado

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#22 michaelmikado
Member since 2019 • 406 Posts

Yeah, not sure what the fuss is about. Sony has been offering crazy deals on it's services in the last year. Just this year I renewed my PSNow sub for $80 instead of the typically $100 annually, and they have over 700 games on the service. They can't be making money in the short-term but possible making more in the long term by locking gamers into their ecosystem.

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DaVillain

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#23 DaVillain  Moderator  Online
Member since 2014 • 55899 Posts

Sony will be fine you guys. Nothing to worry about when PS5 is coming soon anyways.

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BenjaminBanklin

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#24 BenjaminBanklin
Member since 2004 • 11002 Posts

Dang. Sony sold 900k less systems this quarter. Welp, I guess I'll be selling my PS4 now.

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Basinboy

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#25 Basinboy
Member since 2003 • 14495 Posts

What in the world is going on with the formatting of the OP?

Part of me wonders how many of these threads are being written by bots evaluating keywords and strings.

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Shewgenja

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#26 Shewgenja
Member since 2009 • 21456 Posts

*yawn*

Already up to 46 a share. OP needs a nap.

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Nonstop-Madness

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#27 Nonstop-Madness
Member since 2008 • 12303 Posts

The largest unanswered question folks probably have is how will Sony continue to drive revenue, and profit while hardware sales decline.

The answer is software, and services but, there are some concerns around that.

  • Fortnite / F2P volatility. Will Fortnite, and other F2P games on PSN continue to drive large amounts of revenue / profit?
  • 3rd Party games. How well will they perform? I’m pretty sure the big 3 - Activision, EA, and Ubisoft - have all lowered their guidance.
  • What games does Sony have lined up for the next FY? (Days Gone is the only one with a release date right now. I don’t see them being able to match God of War + Spiderman in the first half of their FY.)
  • Will PSN+ continue to grow? By how much?
  • Will digital download continue to grow? By how much?

Sony’s largest challenge at the end of the day is that they cannot afford a significant drop in revenue / profit leading up to next gen.

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lhughey

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#28 lhughey
Member since 2006 • 4861 Posts

DOOMED!

But seriously, the easiest way for them to increase profit is (not just revenue) is to raise the prices on existing items. Expect a small increase in PSN prices soon.

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That_Old_Guy

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#29 That_Old_Guy
Member since 2018 • 1233 Posts

This is not a cow thing. No one should want a competitor to go out down. Competition is good. If Sony wasn’t there to capitalize on Xbox’s **** up early on they wouldn’t be the consumer friendly company they are with game share and game pass etc.

The fact that they are dissatisfied with the core gaming division is asinine.

PlayStation is doing great compared to just about everything else in that company other than camera lenses.

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BlackBalls

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#30 BlackBalls
Member since 2018 • 1496 Posts

Stocks are back up, this has nothing to do with Playstation, this thread = Fail.

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speedfreak48t5p

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#31 speedfreak48t5p
Member since 2009 • 14411 Posts

Sony is doomed confirmed.

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Macutchi

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#32  Edited By Macutchi
Member since 2007 • 10360 Posts

it's an article from msn but their stock has been steadily falling since last summer. it's still doing really well year on year relatively speaking.

they just need to co-ordinate the end of this gen well, with the release of tlou2, ghosts, death stranding and the ps5 carefully timed

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Blackhairedhero

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#33 Blackhairedhero
Member since 2018 • 3231 Posts

Considering they are spending on R&D on the PS5 and still managed over 3 billion in profit that seems impressive.

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tdkmillsy

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#34  Edited By tdkmillsy
Member since 2003 • 5819 Posts

The article is from CNBC copied on Microsoft site.

Stocks are no where near what they where end of January. Back up to 46 you having a laugh they where 50+ on 31st January. Dropped 8% in 1 day.

With the PS4 sales its hard to see them in too much trouble, but it will be interesting to see how it will affect them in the short and long term.

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deactivated-6092a2d005fba

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#35 deactivated-6092a2d005fba
Member since 2015 • 22663 Posts

LOL.

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Son-Goku7523

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#36  Edited By Son-Goku7523
Member since 2019 • 955 Posts
@blackhairedhero said:

Considering they are spending on R&D on the PS5 and still managed over 3 billion in profit that seems impressive.

Yea it's impressive. It really shows how PSN profits and PS4's great sales are really an asset to the company.

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mandzilla

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#37 mandzilla  Moderator
Member since 2017 • 4686 Posts

Sony is doomed doesn't really work, that should be reserved for Nintendooomed. Perhaps Sonyonara, or So-long-ny. I'm sure somebody could come up with a better one.

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mojito1988

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#38 mojito1988
Member since 2006 • 4726 Posts

Now that SW has established that Sony and Nintendo are doomed, I guess that all we have left is MS.

That sucks.

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mandzilla

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#39 mandzilla  Moderator
Member since 2017 • 4686 Posts

@mojito1988: Nah, Microsoft are probably going down too. It's all over for everyone, no exceptions.

Microsnuffed.

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hrt_rulz01

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#40 hrt_rulz01
Member since 2006 • 22369 Posts

We all know that PS is one of the few bright spots in the Sony business, so it'll be interesting to see how they approach things going forward... I'm guessing they'll have to play it a lot safer and not take any risks because Sony as a whole can't afford the PS business to suffer any problems.

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Toxic-Seahorse

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#41 Toxic-Seahorse
Member since 2012 • 5074 Posts

@boxrekt said:

So this is how MS fanboy's get their kicks, company wars?

I thought this was a "GAMING" fandom board not a company shill contest.

@tdkmillsy said:

PS4 keeping Sony afloat it seems, lots of pressure = play it safe going forward.

This thread = I hope Sony doesn't invest in any more AAA games and start making cheap underwhelming games like my favorite company MS so gaming in general can adapt our lower standard.

The f*ck outta here!

This is System Wars. This entire section of GS is cancer and just fanboy wars.

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mandzilla

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#42 mandzilla  Moderator
Member since 2017 • 4686 Posts

#PrayForSony

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tdkmillsy

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#43 tdkmillsy
Member since 2003 • 5819 Posts

@Toxic-Seahorse said:
@boxrekt said:

So this is how MS fanboy's get their kicks, company wars?

I thought this was a "GAMING" fandom board not a company shill contest.

@tdkmillsy said:

PS4 keeping Sony afloat it seems, lots of pressure = play it safe going forward.

This thread = I hope Sony doesn't invest in any more AAA games and start making cheap underwhelming games like my favorite company MS so gaming in general can adapt our lower standard.

The f*ck outta here!

This is System Wars. This entire section of GS is cancer and just fanboy wars.

Then why be here?

Its a bit of fun for me. You seem to take it much too serious.

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onesiphorus

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#44 onesiphorus
Member since 2014 • 5234 Posts

@mandzilla said:

#PrayForSony

Instead of praying for one troubled company, why not pray for every troubled company? Prayer does not have to be restricted to one company.

For the OP that used the ":)" on his topic header, I could have wished that you die in the streets dirt poor. Do you take pleasure in a company you disliked doing poorly?

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tdkmillsy

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#45  Edited By tdkmillsy
Member since 2003 • 5819 Posts

@onesiphorus said:
@mandzilla said:

#PrayForSony

Instead of praying for one troubled company, why not pray for every troubled company? Prayer does not have to be restricted to one company.

For the OP that used the ":)" on his topic header, I could have wished that you die in the streets dirt poor. Do you take pleasure in a company you disliked doing poorly?

the :) was following its all over. Clearly its not all over for Sony it was just for system wars effect. Why would I take pleasure about a company doing poorly and people losing their jobs etc etc. That would be cruel and certainly not for these "fun" forums.

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Pedro

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#46 Pedro
Member since 2002 • 69089 Posts

The righteousness in this thread is hilarious.

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mandzilla

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#47 mandzilla  Moderator
Member since 2017 • 4686 Posts
@onesiphorus said:
@mandzilla said:

#PrayForSony

Instead of praying for one troubled company, why not pray for every troubled company? Prayer does not have to be restricted to one company.

For the OP that used the ":)" on his topic header, I could have wished that you die in the streets dirt poor. Do you take pleasure in a company you disliked doing poorly?

Well I was pretty much just shitposting really, like @tdkmillsy said it's not like Sony are going anywhere soon.

Also that bolded part is a bit much lol.

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deactivated-6068afec1b77d

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#48 deactivated-6068afec1b77d
Member since 2017 • 2539 Posts

This doesn't have anything to do with Sony. The stock market was already slowing down to begin with. The stocks for Activison, EA, Ubisoft etc were already slipping.

I'm pretty sure this a short term because of the financial status of the current gaming industry.

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Toxic-Seahorse

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#49  Edited By Toxic-Seahorse
Member since 2012 • 5074 Posts

@tdkmillsy said:
@Toxic-Seahorse said:
@boxrekt said:

So this is how MS fanboy's get their kicks, company wars?

I thought this was a "GAMING" fandom board not a company shill contest.

@tdkmillsy said:

PS4 keeping Sony afloat it seems, lots of pressure = play it safe going forward.

This thread = I hope Sony doesn't invest in any more AAA games and start making cheap underwhelming games like my favorite company MS so gaming in general can adapt our lower standard.

The f*ck outta here!

This is System Wars. This entire section of GS is cancer and just fanboy wars.

Then why be here?

Its a bit of fun for me. You seem to take it much too serious.

I took nothing seriously. I know what SW is, and it's fanboy cancer. I don't see why I can't relay that to another person questioning why over half the people here are trolls. This is one of the very few places on this forum that isn't dead so I come around for some news and whatnot. Sometimes I mistakenly read the thread, with this being one of those times. If you want to be a troll, have at it. I don't really care. I just don't see why I should be called out for accurately describing SW to a newer user.

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cainetao11

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#50 cainetao11
Member since 2006 • 38026 Posts

Now people understand why they left the trade shows. Forecast for fiscal year is lower than they thought so smart move is cut spending that isn't vital.