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.
SONY: THE GOLDEN AGE is a documentary waiting to happen.
I know what can help you Sony. ATV Offroad Fury.
WHY WON'T YOU BRING BACK THE SERIES FOR YOUR PS3 AND VITA?!!!!! IT WILL HELP BOOST YOUR F***ING SALES FOR VITA, AND PS3!!!!! *Sigh*, MUST I SAY MORE??!!!!
If anything happens to Sony I will cry.
It's because you made a more expensive console instead of a price drop.
@Relic of War
STFU your just mad you cant afford a Vita, PS all day everyday
revenue is not profit. when they say that revenue was 83 billion that means they sold 83b worth of stuff. if they spent more than that to make the 83b then they lost money. so it is not a matter of them making 83 instead of 85 billion. for all we know that missing 2 billion was double the profit they ever expected to make off those billions of revenue.
or maybe they never planned on making any money this year. it is perfectly normal for a company this size to have multiple years of losses as part a longer term strategy. the fact that sony is losing money now is not defacto a bad sign. you need more information than just profit and loss for a single quarter or even a single fiscal year to know if there is a problem.
MS always planned on making a loss on the first xbox. that was the price of getting thier foot in the console door and they paid it knowing what they were doing. corporations sell stuff at a loss all the time.
Oh no! They lost 2 billion :O
Pick it up Sony Long,Live,Play...Readin these other post hurts!! :(
If they would bring out the new PS4 there would be no loss. Pc's and others electronics are surpassing the PS3 do to how fast technology changes...
With as many products as Sony makes, I doubt they'll be going anywhere for a long time.
I might buy some PS3 games from walmart like god of war 3 or uncharted 3.
Sony seriously needs to rethink their gameplan. They made a huge mistake not to release a large AAA title this fall like the Last of Us or Last Guardian, and they need to get the PS4 out in time to compete with the 720 or whatever Microsoft is going to show off. If they repeat the PS3 launch, they won't last in the console manufacturing business much longer unfortunately.