The crucifixion of Sony continues. After a week of battering from analysts and mainstream writers, the PlayStation 3 manufacturer now faces the wrath of financial services group Credit Suisse. The group cut Sony's investment rating, and now shares in the company are suffering.
Credit Suisse warned Sony that it needs to change if it can hope to match rivals such as Nintendo and Apple, giving the company a proper dressing down. Sony, of course, appears to have ignored the fact that there's a global recession going on, instead choosing to release Home and tell worried consumers that they should spend $400 on the PS3.
"We believe fundamental changes to its business structure are necessary," one of the financial group's analysts claimed. "Compared to its peers both at home and overseas, Sony has been slow to react to the current [financial] crisis."
The shares have fallen by 5.9%, and if Sony continues to be pigheaded, perhaps that will fall even further. Right now, Sony seems thoroughly clueless as to what is going on. After remaining effectively unchallenged the last two generations, perhaps it can't cope with such stiff competition from Nintendo and Microsoft? Whatever the reason, releases like Home and the rumored PSP 4000 indicate that the platform holder is losing all touch with reality.
Jim Sterling serves as reviews editor for Destructoid.com, head of the Podtoid podcast, and produces a number of news stories, original features, one-of-a-kind videos. With his passionate argumentative style, controversial opinions, harsh delivery, and dedication to brutal honesty Sterling is a name that you can't help but recognize.
Likes
PS2, iPod Touch, Silent Hill 2, Metal Gear Solid, Dynasty Warriors 3
Meet the rest of the team
| BBcode help |
| [b]Bold text[/b] |
Bold text |
| [i]Italic text[/i] |
Italic text |
| [url]http://www.dtoid.com/[/url] |
http://www.dtoid.com |
| [url=http://www.dtoid.com/]Web link[/url] |
Web link |
| [img]http://www.example.com/robot.jpg[/img] |
 |
Post a comment! You can also post a photo below:
Comment with Facebook
Click connect and comment instantly!
|
Comment with Dtoid
New? SIGN UP - it takes 5 seconds
|
29 comments | showing # 1 to 29
|
Comment with Facebook
Click connect and comment instantly!
|
Comment with Dtoid
New? SIGN UP - it takes 5 seconds
|
Comments policy
Destructoid is an open discussion community. You don't need to "audition" to post a comment - just speak your mind. We respect differing opinions on the site, so have at it. Be smart, funny, insightful, clueless, or cute -- but back it up with substance. Keep your cool, keep it fun. We only ask that you act respectfully and above all: don't be a troll and ruin it for everyone else. Don't bring down gamers or we'll, you know, gently shoot you in the face and stuff you into a flaming mailbox. Each comment is your opportuntity to make this community awesomer. Is that even a word?
Avoiding the banhammer only requires common sense: spamming, trolling, racism, NSFW stuff, and other forms of sucking will not be tolerated. If anyone is griefing please report abuse. Be good. Don't suck!
Sony needs to simplify and cut costs. Just one SKU, with a cheap ass hard drive. Better marketing: a commercial should be nothing but in-game footage. Get the fuck away from Home: there's nothing noteworthy going on there yet anyway.
Jazz up your marketing Sony! Play up your strengths! You have blu-ray, excellent exclusives, and free online! Play that shit up in your commercials! Do some Genesis does/Nintendon't style marketing. Position yourself as the "high-end entertainment experience" that's worth more than your competitiors. It works for Apple, it can work for Sony.
I really wonder what the hell is going on with Sony. They need to wake the hell up over there!
I think Sony should... *sigh* go casual.
There I said it
-Rolling eggs
-Babies that cry black goo
-Vague reflections of their great games in shop windows
-So much motor storm . . .
-This is Living?
Simplification is key. Be a game console and do other cool stuff. That would have been a hot set of commercials.
"Look its Gran Turismo Prologue at launch. That's amazing"
"You know that thing can play blu ray too right?"
*End the commercial with the first guy staring at his friend in shock and disbelief.*
----PS3---
"Oh man, Heavenly Sword? That looks tight!"
"You know, you can stream movies with that thing."
*End the commercial with the first guy staring at his friend in shock and disbelief.*
----PS3----
"Metal Gear Solid 4? I HAVE to play this one!"
"You know, you can fold @home with that thing."
*End the commercial with the first guy punching is friend in the face, and continuing to drool over MGS4*
----PS3----
Your mention of the vague reflections in the show windows brings up a thought I had last night. I saw the PSN commercial where the people had the games playing on their shirts, and while I can appreciate the artistic value of the commercial (and 'I' certainly get it) the average consumer who isn't keen to vague advertising might just look at it and think "WTF" was that?
Although, I have to say, the new Sony ads are NO WHERE NEAR as creepy as the 360 ads where people with the back of their heads are opened up and the camera pans around and there is like some stage where the back of their skull should be.
Dude. Yes. Those ads are messed up.
As cheesy as they were, Nintendo's "Wii would like to play" were insanely effective and informative. Sometimes, that's all a commercial needs to be.
I fear only Billy Mays and the Sham Wow guys could save Sony at this point . . .
Release a PS2 with blu ray....haha
No seriously they need to drop the price, as ive said before i got a upgradable blu ray player for 129.99 which is awesome so i cant justify 299 pound son a games machine which has the same games as my xbox more or less.
MS did right by getting the console out first, its different this time around as the exclusive third party is dead.Before SONY had loads of em so it didnt matter when the console came out compared to its competitors.
They need to lower the price, have a 40gb unit at £150 and a 160gb unit at £250.
Sony advertising has always been bizarre and very 90's
I must be one of those avatarless noobs you talk about. yeah whatever you really need to get out more. Theres a whole world out there past your monitor.
Ok, with that out of the way...
LOLz
Sony is living on another planet to the rest of us. Nobody wants to see them go down but if they dont get there act together soon they can forget it.
What on God's name is going on? They really, really, really, really need a massive management shake up, it's the execs and the marketing department that is 'killing' the PS3.
The ads were horrible, and still are, the decisions made by the execs were terrible, the thnigs said by them were facepalm worthy.
Sony are making the PS3 struggle, no one else.
They should stop the big hard drive marketing. Nobody cares about that seriously. Most people got a 20Gb 360 and it is certainly more than enough for 98% of the people.
A 250$ 60 or 40gb would be sweet.(My guess would be 60 as the 360 now has a 60gb HD) The fact that the 360 has a 2.5in HD and the ps3 has a full size one makes me think sony must have them dirt cheap!
O well who are we to tell sony what to do. They have 6 digits paid marketting people, they must surely know better....
Remove those stupid flash card reader if it means saving money.
the ps2 was great at it, early console on the market, combined with brand recognition equaled large marketshare. that marketshare forced developers to get on board. ps3 has none of that. it's definitely a niche console, and should be marketed as such.
M$, i think, is going to continue to do well, as they have developed a sizeable following. i see plenty of 360 owners staying with M$ in the next few years.
ps3 is the n64 of this generation. out late, a little too high tech, and not enough games.
Anyway, I like that Sony is suffering. Their entire attitude this generation, as well as their countless undelivered promises, have really pissed me off, and frankly, they deserve it.
What I really meant was people seem to sign up for Dtoid just to take a swipe at Sterling. They could at least be courteous enough to get an avatar first.
And with Home in open beta, there is no world beyond my monitor! I can cross-dress, get sexually harrased, and dance the running man all day without leaving my house! So there :P
Oh yeah Sony better marketing please. Save that avant garde advertising for your indy movies, not your games.
take a swipe at sterling good god no, I just couldent be bothered to add an avatar, that requires me to edit settings and shit. Thats just too much work.
I just want to read the stories and respond :), I take the simple life.
It also didn't help the PS3 that it came out late thus giving the 360 more than a full year to create a solid base of users. It also allowed developers to learn how to develop on the 360 which from all intents and purposes was already much easier to develop from due to its similarities to PC. Even now we still get multi-platform games where the PS3 version is either inferior in quality, or just equal to the 360...or worst yet, comes out months and months after the 360 version has already come out.
But in the end what is probably screwing up the PS3 is the fact that when its suppose to finally be gaining major momentum to overtake the 360 in overall sales the global recession hit. Outside of the hardcore gamers who don't care about price, most people now have become more price-conscious. Why pay 400 dollars for a system when they can spend less on another system which also has the same games. It also doesn't help that despite the PS3 actually being a bargain for all the stuff it has under the hood the perception still remains in most consumers' minds that the PS3 is more expensive.
I don't see the PS3 ever recovering from all the many blunders Sony made during its release and still doing to this day.
However, I'd actually be down for a PSP 4000, because for the most part the 3000 sucks. I'd rather hunt down one of those Darth Vader 2000's than put up with those horrible scanlines and the crappy battery life of the 3000 (plus, I'm still rocking it oldschool with my modded 1000).
You spend the same amount on an xbox, you get shorted your wireless adapter and free online play. I bought my PS3 before they dropped the BC out of it. So my money was well spent. I have a system that can play PS3 games, PS2 games, and ps1 games. Because of everyone's "needs a price drop" they removed BC (backwards compatibility) out of the newly manufactured systems. I thought my $500 PS3 was well worth it. I saved up for a year and a half for it and have never had buyers remorse. I get excited every time I turn on my system to play Metal Gear, GTA IV or even LBP with my better half.
(A small side note for Jim)
I recently got enough cash to buy an Xbox 360 (arcade) and after my purchase I realized that if I wanted the same package that my PS3 offered I'd need to spend another $200-$300 on accessories. Controller wire and rechargeable battery pack $40, HDMI cable: (retail price at bestbuy and other electronic stores) $50. Wireless adapter: $100. One year of Xbox live gold $50. dont forget that you don't just get the white and green box for your system, there's a GIANT external power source that the xbox needs to be powered on.
Also.. Do I really need to point out that a Blu-ray player costs roughly $250-300? Why are you people being so damn stupid about this? You pay for quality. the Xbox is like the ford focus that could break down 6 months after you buy it whereas the PS3 is like the BMW, Mercedes, or Cadillac of the gaming world (well made and extreme quality)
You get what you pay for in this world. I saved my loot and bought myself a Playstation 3. And personally I think it was worth every penny.
Wii? Low quality graphics and low quality controls all for $250. (don't get me started on the bundle ripoff packs and the fact that most TVs are high definition now, yet the wii is still doing soft definition.. as Shao Kahn would say: "Don't make me Laugh, you weak pathetic fool!"
unchallenged? :P
anyway, time to drop that price, Sony. although i love my PS3 and think it's worth every dime i paid for it, the PS3 needs to be $299 to compete in today's market.
i'm also VERY surprised that the 360 has become the go-to console for JRPGs over the past two years.
You are a cock!
right here goes...th reason why MS has different SKU's is becasue not everyone can AFFORD or WANT everything on their console!!
I personally am happy with a 20gb HDD and no wireless...so if i bought a PS3 i would have wasted money on a useless wireless apaptor and 60gb worth of HDD.
Why in comparisons do people say well to get the equivilant package to a PS3...stop..no one fecking wants that!if they did PS3 would be selling more than the xbox!!
What sold more Focus or c clas....a focus you plumb!!
Oh my sony BD350 blu ray player is great quality thanks for £129.99 mm lovely and if it breaks i wont loose my console with it (same visa versa)