Business analyst Michael Pachter seemingly really has it in for Sony, as he’s now said it’s a “terrible company” that is currently “blowing it in the games business”. This has followed on from suggestions he made last month of “clueless” management that doesn’t know what it’s doing.
The latest comments were made during an interview with Yahoo Finance, as part of a discussion surrounding the news of an EA acquisition from three partners. Pachter believes “Connect to TV” is the future, and when talking of any further acquisitions, the analyst responded the following to the idea of buying Sony:
“No. Sony — for sure — not. Sony is a terrible company. They actually are blowing it in the games business. Games are moving to ‘Connect to TV’ so think about all the participants that are going to deliver the way we get movies via Netflix. Forget the subscription model; just think about iOS becoming on your TV. So, free-to-play games on your TV. Who is gonna deliver that? Cloud providers. AI.”
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Pachter’s argument for Sony being a “terrible company” seems to come from the idea it isn’t heavily investing in cloud gaming and streaming, as he suggests this is the way video games will be made available in the future. It also is not making its games available to play directly off a TV — instead, you need a PS5.
This is despite PlayStation being one of the first to offer a video game streaming service in PS Now over 10 years ago, and currently offers a streaming-only handheld in the form of the PS Portal.
As for “blowing it in the games business”, Sony’s most recent financial reports reveals the PlayStation division to be at its most profitable point in history. Q1 of fiscal year 2025 had its operating income at over $1 billion, marking a 127% increase year-over-year. Hardware sales, software sales, and the platform’s monthly active user counts are all higher than 2024.
What do you make of Michael Pachter’s latest comments? Post your thoughts in the comments below.
[source youtu.be]
Liam grew up with a PlayStation controller in his hands and a love for Metal Gear Solid. Nowadays, he’s found playing the latest and greatest PS5 games as well as supporting Derby County. That last detail is his downfall.