The lights are on
Sony posted a record loss for the last fiscal year ending on March 31, 2012, and that's partly due to lower hardware and TV sales.
Revenue for the company's Consumer Products and Services division, which houses both video games and TVs, was down 18.5 percent from the previous year, and the division posted a net loss of approximately $2.9 billion. Previously it posted over $135 million in profit. Overall, Sony's losses widened from the previous fiscal year to $5.7 billion.
Worldwide, Sony sold 13.9 million PS3 units for the fiscal year, which is down slightly from 14.3 million the previous year. At least software was up, however, with 156.6 million units sold worldwide, as compared to 147.9 million in fiscal year 2010. The company says that 1.8 million Vita units have been sold worldwide as of the end of March.
Sony expects profits of $376.5 million for the current fiscal year.
Email the author Matthew Kato, or follow on Twitter, and Game Informer.
This isn't surprising in the slightest if you've been following what has been going on around the company. They've fallen behind the competition with many of their traditional front runner technologies. Here's hoping they have success this year and achieve their projected profits.
Meh this don't really mean anything. It's just the nature of business and the economy. You have good years and bad.
well think about it.. at this point how many ppl don't have a nice or least good enough for there price range tv... they last a good few years before you need a new one .... that being said i like sony but they have to impress me with the pricetag and picture for me to buy their tv ( altho that stupid 3d one sounded intresting last e3) my current tv is a sanyo
If you subtract those TVs from the equation, especially the 3D ones that wound up being such a huge disaster, then I'd be guess that the gaming portion of Sony saw losses slightly higher than Nintendo, which is to be expect considering they just launched a new handheld console. They launched it at a terrible time though, should have waited so that none of those losses showed up on this report.
drop the price of the vita already, this is another console that is burdening you and not selling well...too many errors have been made by sony but i wont stop my support for them inspite of my preference to MS. i think sony will recover, they just need to hold off the ps4 and continue supporting the amazing and powerful ps3 and wait till MS will release their console. this will give them at least close to 10 years etc...good luck sony and dont die on me!