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Sony Loses Billions

News

by Matthew Kato on November 02, 2011 at 08:49 AM

20,067 Views

109 1

Sony's Consumer Products & Services division (which contains the PlayStation and LCTV businesses) has reported a multi-billion yen loss for the second quarter ending on September 30.

Although sales for both the PlayStation 3 and PSP were up from the same three-month period last year (PS3: 3.7 million units worldwide; up from 3.5. PSP: 1.7 million; up from 1.5 million), and PS3 software was up (37.4 million units sold as compared to 35.3 million units), none of it was enough to offset what Sony says are the manufacturing costs and weak sales of its LCTV division. The PS3 price drop, currency rates, and general weakness of video game sales were also cited as culprits.

Overall, the Consumer Products & Services division lost 34.6 billion yen ($449 million) in the second quarter – a marked difference from the billion yen profit of the previous year.

Email the author Matthew Kato, or follow on Twitter, and Game Informer.

Filed under: News, PSP, Sony, PS3, Playstation 3, Sony Computer Entertainment

Comments

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by TheJugganaught Wednesday, November 02, 2011 at 09:01 AM

ouch.
by Bonzo80 Wednesday, November 02, 2011 at 09:04 AM

Wow clever, although technically correct, the headline is so misleading! But it got me to click on the link so good job on suckering me in :) Yellow Journalism still alive and kickin.
by NotsowiseSAGe Wednesday, November 02, 2011 at 09:05 AM

double ouch. He is First^
by Elena Drake Wednesday, November 02, 2011 at 09:05 AM

Oh no.....D:
by Casey Wednesday, November 02, 2011 at 09:05 AM

would like to see how well microsoft did compared to these guys in the video game market
by toxicmischief Wednesday, November 02, 2011 at 09:07 AM

That's still a pretty substantial amount.
by Ed is a troll Wednesday, November 02, 2011 at 09:08 AM

Everyone is taking a hit nowadays, sony, nintendo, and even microsoft with no support in japan at all. It's called tough times guys.
Mod

by Warbuff Wednesday, November 02, 2011 at 09:08 AM

Nintendo mentioned bad currency rates as well. Is that an economists way of saying "The U.S. dollar is garbage"?
by Ultim4t3 Ninja Wednesday, November 02, 2011 at 09:13 AM

Holy ***......

That is a lot of money.
by Marc Flink Wednesday, November 02, 2011 at 09:18 AM

That is a bad sign for the industry. Sad. But i guess in these times where gamers and potential gamers don't have a whole lot of money between their hands, it is what we should expect... Hope it looks better for Microsoft!
by DABVT Wednesday, November 02, 2011 at 09:20 AM

The US dollar even though it is undisputably somewhat inflated is not the culprit. I feel for you and hope you make up a ton this holiday season. PS3 and Sony FTW
by awesomninja133 Wednesday, November 02, 2011 at 09:20 AM

Who is buying a PSP when the Vita is right around the corner? Do people have no self-control?
Oh, and them losing this kind of money is pretty bad, too.
by eyros2k Wednesday, November 02, 2011 at 09:23 AM

Billions!? Of yen, oh... alright.
by BRAINIAC4200 Wednesday, November 02, 2011 at 09:27 AM

Man, poor Sony. Nintendo too. I hope they both right their wrongs.
by ncurry2 Wednesday, November 02, 2011 at 09:29 AM

So when it's Nintendo losing money, everyone jumps on board to say how doomed they are and that they are no longer capable of surviving in this era. When it's Sony, everyone says that the industry is just really down right now but they'll bounce back.
by Brittany Wednesday, November 02, 2011 at 09:38 AM

Even though they are losing billions of yen, not dollars, that's still pretty bad. They are losing millions of dollars.
by shootfirst5 Wednesday, November 02, 2011 at 09:39 AM

that sucks................
by JimmGee Wednesday, November 02, 2011 at 09:41 AM

I would imagine a lot of money has gone into R&D for the Vita, etc. I'm keen to see what happens in the near future when these business articles are updated. I think the same could be said for Nintendo, who have also posted great 'losses'.
by Brun Deign Wednesday, November 02, 2011 at 09:43 AM

I see what you did there Game Informer. Making us think it was worse than it actually was with "billions" being yen and not actual dollars. Very sneaky.
by NewOldMan Wednesday, November 02, 2011 at 09:50 AM

This made me think that Sony was going bankrupt, lol. Although this still saddens me