“By the end of the process, I’m almost hallucinating with jet lag”.
Sony had a record-breaking year in 1998, raking in over $51 billion in sales and operating revenue. Profits from television sales had spiked in 1997 and continued climbing. Having recently released such notable flops as The Cable Guy and Striptease, Sony’s movie studios turned a corner as well, releasing hits like Men in Black and Air Force One. Picking up where Walkman left off, Sony’s Discman hit pay dirt in the United States, and its new MiniDisc audio format caught on quickly in Japan. Then, of course, there was the PlayStation.
Sony shipped four million PlayStations in 1995, 9 million in 1996, and 21 million in both 1997 and 1998. Nintendo sold fewer than 35 million N64 consoles during the console’s seven-year lifespan. The Sega Saturn never reached 10 million. Sony was one of those companies with the magic touch in the mid-to-late 1990s, but those halcyon days were about to come to an end.
Read the full article on timeextension.com
“By the end of the process, I’m almost hallucinating with jet lag”.
Sony had a record-breaking year in 1998, raking in over $51 billion in sales and operating revenue. Profits from television sales had spiked in 1997 and continued climbing. Having recently released such notable flops as The Cable Guy and Striptease, Sony’s movie studios turned a corner as well, releasing hits like Men in Black and Air Force One. Picking up where Walkman left off, Sony’s Discman hit pay dirt in the United States, and its new MiniDisc audio format caught on quickly in Japan. Then, of course, there was the PlayStation.
Sony shipped four million PlayStations in 1995, 9 million in 1996, and 21 million in both 1997 and 1998. Nintendo sold fewer than 35 million N64 consoles during the console’s seven-year lifespan. The Sega Saturn never reached 10 million. Sony was one of those companies with the magic touch in the mid-to-late 1990s, but those halcyon days were about to come to an end.
Read the full article on timeextension.com
