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November 22, 2024
 

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PS5

Japan might have created the PlayStation brand, but the cost of the latest generation of the console will exclude all but the most hardcore fans.
COMMENTARY / Japan
Sep 18, 2024
PS5 Pro price is a sticker shock for the country that made the PlayStation
With even an entry-level PS5 now costing some ¥72,980 following the latest hike last month, an entire generation of Japanese could be cut off.
The PlayStation 5 Pro gaming console is priced at $699.99 in the United States, and ¥119,980 in Japan.
BUSINESS / Companies
Sep 11, 2024
Sony prices PlayStation 5 Pro game console at a hefty $699.99
In Japan, the midgeneration console is priced at ¥119,980, compared with the standard PlayStation 5 digital model's ¥72,980 price tag.
The surprise 19% price increase comes even as PlayStation 5 sales have slowed.
BUSINESS / Companies
Aug 27, 2024
Sony hikes PlayStation 5 price in Japan citing cost volatility
The surprise move comes even as PS5 sales have slowed and Sony is widely expected to refresh its offering with a revamp of the console in coming months.
Sony Group is missing analyst expectations for sales as demand for its PlayStation 5 hardware wanes.
BUSINESS / Companies
May 15, 2024
Sony sales outlook misses estimates on waning demand for PS5s
Shares in Sony have been under pressure this month amid mounting speculation about the terms of its potential $26 billion bid for Paramount Global.
Sony's move to cut costs and Microsoft's decision to release titles on rival platforms reflect uncertainty in the gaming industry.
COMMENTARY / Japan
Mar 8, 2024
Looks like we're nearing peak PlayStation
The gaming industry as a whole is struggling with ballooning development costs and longer production cycles, leading to fewer and risk-averse titles.
Sony trimmed its revenue forecast after sales of its flagship PlayStation 5 in the December quarter came in roughly a million units lower than analysts’ estimates.
BUSINESS / Companies
Feb 15, 2024
Sony dives most in two years after cutting PS5 sales outlook
Shares fell as much as 8.4% in early Tokyo trading, the biggest intraday fall since February 2022.
Attendees play the Fate/Samurai Remnant video game on PlayStation 5 video game consoles at the Tokyo Game Show in September.
BUSINESS / Companies
Dec 21, 2023
Sony highlights PS5 momentum as hardware sales top 50 million
Sony is seeing strong momentum for its PlayStation 5 console, a senior games executive has said, with lifetime sales exceeding 50 million units and the company recording its best-ever Black Friday period sales for the device.
Sony Group has raised its full-year outlook after its media divisions outperformed.
BUSINESS / Companies
Nov 9, 2023
Sony raises sales and profit outlook as media helps offset mobile
The adjustments suggest resilient consumer spending and a weaker yen are stabilizing the business.
Jim Ryan, president and CEO of Sony Interactive Entertainment, speaks during the Consumer Electronics Show in Las Vegas in January.
BUSINESS / Companies
Sep 28, 2023
Sony gaming chief Jim Ryan to retire in March
Ryan became CEO of Sony Interactive Entertainment in 2019 and oversaw initiatives including the launch of the PlayStation 5.
Sony, a key supplier of image sensors to Apple and other device-makers, has said it doesn’t expect demand in the mobile phone market to bounce back until next year at the earliest.
BUSINESS / Companies
Aug 10, 2023
Sony falls most in a year as smartphone demand fails to recover
The Tokyo-based company’s operating income fell 31% in the first fiscal quarter because of sharp declines in the movie and sensor groups.
Japan Times
BUSINESS
Apr 28, 2023
Sony casts doubt on PlayStation momentum with cagey outlook
The Tokyo-based firm said it expects operating income of ¥1.17 trillion ($8.7 billion) in the year ending March 2024, below average analyst estimates of ¥1.27 trillion.
Japan Times
BUSINESS / Companies
Nov 2, 2022
Sony bumps up profit outlook as weak yen juices sales
A boost in streaming sales from its music publishing business helped fuel the earnings revision, making up for lackluster momentum in its games and image sensor businesses.
Japan Times
BUSINESS / Tech
Aug 26, 2022
Sony hikes prices for PS5 in Japan and other markets but spares U.S. consumers
Sony's games business has been squeezed by supply chain snarls feeding into hardware shortages, but the firm now aims to boost production of the consoles for the year-end shopping season.
Japan Times
BUSINESS
Aug 2, 2022
Video game consoles have been spared inflation in Japan, but for how long?
The weaker yen has triggered price hikes on electronics from iPhones to refrigerators across Japan this year, with one glaring exception: the video game console.
Japan Times
BUSINESS / Tech / FOCUS
Jul 5, 2022
'Guerrilla' sales and crowdsourcing: Japan's game console crunch
Video game consoles by Sony and Microsoft have been hard to buy since their November 2020 release, leaving consumers and sellers stuck in a game of cat-and-mouse.
Japan Times
BUSINESS / Tech
Jun 12, 2022
Sony PlayStation’s new God of War video game planned for November
God of War Ragnarok, now to be released in November, was announced in 2020 for PlayStation consoles. Sony had delayed the game several times since.
Japan Times
BUSINESS
Feb 19, 2022
Horizon Forbidden West looms large in Sony’s PlayStation strategy
The new Horizon game is the first big PlayStation launch of 2022 and reflects Sony's strategy of releasing blockbuster exclusives that can only be played on its consoles.
Japan Times
BUSINESS / Companies
Feb 2, 2022
'Spider-Man' propels Sony to forecast-smashing third-quarter profit
The firm is benefiting from strong demand for its PlayStation 5 games console, which it launched in November 2020.
Japan Times
BUSINESS / Companies
Jan 12, 2022
Sony is dealing with PlayStation 5 shortage by making more PS4s
The older console uses less advanced chips, is simpler to make and provides a budget-friendly alternative to the flagship model.
Japan Times
LIFE / Digital / ON: GAMES
Sep 5, 2021
Need a vacation from reality? Slash your way through 13th-century Japan
Let the newly released Ghost of Tsushima Director's Cut whisk you away to a nobler time of scenic isles, marauding samurai and petting foxes.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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