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Sony Writes Off Another $565 Million Impairment Loss Against Bungie

Sony Writes Off Another $565 Million Impairment Loss Against Bungie https://ift.tt/KrdkTGD After writing $204 million off Bungie's value in November last year, Sony has recorded another $565 million impairment loss against the studio--resulting in a total $769 million being wiped off Bungie's value in the last financial year. While Sony gaming's FY2025 results are generally pretty strong considering the challenging market conditions, the company listed the $769 million loss against Bungie's value as the biggest negative factor impacting its operating income. The write down, which represents over 20% of the $3.6 billion Sony paid for Bungie back in 2022, doesn't look good for Bungie, or either of its ongoing titles. The loss may turn out to be another nail in the coffin for Marathon, which has been slowly losing players since it launched in March. While the game has a small but loyal playerbase who appreciate its unique style and aesthetics, no one seems particula...

The Nintendo Switch 2 Is Officially Getting A Price Hike In September

The Nintendo Switch 2 Is Officially Getting A Price Hike In September https://ift.tt/W57cSf4

Amid pressure from investors, Nintendo has announced that it will be increasing the price of the Nintendo Switch 2 to $500 from September 1, 2026. The new pricing is a $50 increase from the Switch 2's current $450 price point.

Nintendo announced the price hike in today's earnings release for the 2026 financial year, where ongoing hardware pressures continue to impact the company's bottom line. The pricing changes are being implemented "in light of changes in market conditions, and after considering the global business outlook," Nintendo said in a press release.

The $50 price increase is at the lower end of the range anticipated by analysts. Multiple regions are set to receive a similar price bump on September 1, including the US, Canada, and Europe, however Japanese consumers will be the first to be impacted, with the local price for the system set to increase from May 25.

Continue Reading at GameSpot

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