The head of Sony’s gaming division, Jim Ryan, announced mass layoffs. 900 PlayStation employees will be cut, which is 8% of the staff.

Sony’s market value declined sharply after the publication of the quarterly report for October-December 2023, CNBC writes. The report was released on February 14, and by the evening of February 16, the company was estimated to be $10 billion cheaper.

Sony reported for the third quarter of fiscal 2023, which ended on December 31. Below are the indicators of the company’s gaming division.

Sony announced the results of the second quarter of fiscal 2023 (July-September 2023). Below is a brief summary of the success of the gaming division.

Last week, Japanese residents bought Xbox Series and consoles more often than PlayStation 5 consoles. According to Famitsu, 3,301 copies of the Xbox Series and 2,933 copies of the PlayStation 5 were bought in the country.

The fact that the Sony-owned Bungie game studio will be affected by a wave of layoffs was reported by Bloomberg journalist Jason Schreier.

According to Sony Interactive Entertainment, the new Insomniac Games project has become the fastest-selling game in the history of PlayStation Studios.

Gaming expert Simon Carless once again examined the documents used in the court between Microsoft and the US Federal Trade Commission (FTC). He found a report on a meeting of the almost former head of PlayStation, Jim Ryan, with managers of the Fidelity Investments investment corporation in 2022. It discussed the PlayStation strategy and its plans to create game services.

Sales of game consoles in Russia are on the rise. In a comment to the Izvestia newspaper, Russian retailers reported that PlayStation and Xbox consoles sold significantly better this August than in August 2022.

Shawn Layden, former president of Sony Interactive Entertainment, called corporations that want to enter the video game market “barbarians”. In his opinion, they pose a huge threat to the industry.

In the GameDiscoverCo newsletter, Simon Carless also listed games on PlayStation and Xbox consoles that had the largest daily active audience (DAU) as of August 11. Here are these lists.

Sony has published a financial report for April-June 2023. We tell you how the quarter went for the gaming division of the company.

PlayStation may stop working closely with Activision Blizzard. In testimony to the US Federal Trade Commission (FTC), the head of Sony‘s gaming division said that it would not transfer PS6 data to the company in case of successful completion of the deal with Microsoft.

At the end of May, Sony announced that its gaming division is going to work more actively with cloud services. Kenichiro Yoshida, the head of the company, told the Financial Times in an interview that, despite such plans, PlayStation still considers cloud technologies “very complex”.

Sony held a presentation for investors, where it talked about the business of the company’s gaming division. We have chosen the main thing.

In the first quarter, Russians bought game consoles much more actively than in January-March 2022. According to retailers’ estimates, demand has doubled over the year.

Sony has released a report for fiscal year 2022, which ended on March 31, 2023. We tell you how this period passed for the gaming division of the company.

Gaming expert Simon Carless (Simon Carless) in the newsletter of the GameDiscoverCo portal told how the audience of PlayStation, Xbox and Steam was distributed across different countries. In all cases, Russia was at least in the top 15.

Sony‘s CFO believes that the PS5 will sell over 60 million devices over the entire life cycle of the console. Hiroki Totoki told about this at the Morgan Stanley conference.