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PlayStation (Games)

Submission + - Sony To Announce PS4 At Mysterious Press Conference On Feb 20th? (wired.com)

crazyjj writes: Wired is reporting that Sony is inviting its investors and the press to a mysterious press conference (dubbed "PlayStation Meeting 2013") for February 20th in New York City. Sony has also released a rather odd short video to go with the invitation.

Many insiders have jumped on the purpose of this conference as the likely announcement of the long-rumored PS4 (previously codenamed "Orbis"), which has been the subject of many leaks in recent weeks.

PlayStation (Games)

Submission + - Sony Taking Heavy Loses On Disappointing Vita Sales (wired.com)

crazyjj writes: Sony lost 24.6 billion yen (approximately $314 million) in three months, the company revealed Thursday in an earnings report for the first quarter of its 2012 fiscal year.

Among the company's woes were drops in their game division's profitability and disappointing sales on a number of their consumer products, most notably the PlayStation Vita. Sony lowered its predicted yearly sales expectations for the Vita (and PSP) from 16 million to 12 million and the Vita is apparently getting hammered by Nintendo's new 3DS XL in Japanese sales.

Sony’s $5.8 billion losses in 2011 were the highest in company history and its fourth straight year of coming up short, according to the Associated Press.

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