The lights are on
Sony's had a rough year so far, littered with bad financial reports and layoffs. In a new financial statement, the losses continue.
Sony's posted a loss of $198 million in the its most recent fiscal quarter. Some of the loss was due to a slowdown in its games business. The company's PlayStation 3 and PlayStation 2 sales were down compared to last year (3.5 million units sold vs. 4.9 million units sold in the same quarter of 2011). The Vita and PSP combined to sell 1.6 million units.
There were some glimmers of hope. Though the $198 million loss for the quarter isn't exactly good news, it's better than the $312 million loss posted in the previous quarter. Also, Sony software sales were up, with PS3 and PS2 sales up 41.4 million from 40.2 million, while handheld sales were up 8.2 million from 8.7 million.
Other Sony departments like the home entertainment division, which covers home theater systems and televisions, saw their net loss drop to $203 million from $526 million last quarter.
Sony has lowered its revenue projections for the year ending March 2013, from $85 to $83 billion.
Sources: Joystiq, Engadget
Email the author Matt Helgeson, or follow on Twitter, and Game Informer.
"Handheld sofware up 8.2mil from 8.7mil"
Do you mean the other way round?
It's nice to see that things are on the upswing. I wonder how many people have bought PSP games for their Vita and how much that helped software sales for the handhelds.
I bought a vita, and a ps3, and I always buy games. I am helping all I can Sony!
That's great news... I hope you guys rebound quickly :)
thats alot of amount of money...
With the economy on such shaky ground, that's to be expected. Let's hope for everyone to have a great Q2 in this FY.
Doesn't matter one bit to me. They still have the far superior game console compared to the tweener box.
that's sad news, i hope they can do something to change that, but honestly Microsoft will probably continue to dominate. I think part of the problem is Sony tries really hard in all these things that ultimately turn out to be gimmicks. Like the 3DTV support, and all their hand held stuff, I'm sure there is a market for that, but maybe not invest so much into it. It's not always about being "cutting edge" and technologically advanced, sure have some muscle but the more important aspect to keep in mind is to make the gaming fun. I have a ps3 and xbox, and have to admit, most of the games I get for PS3 are the exclusives, if its multiplatform than I go with xbox typically. Thats because thats they have more people, its a more social experience, I will get a multiplatform for ps3 sometimes when they include exclusive content like AC3. Anyways, I hope Sony works out, it'd be sad to see em go.