Please support Game Informer. Print magazine subscriptions are less than $2 per issue
Sony Expects Additional $200 Million Fiscal Year Loss
Sony has released a revised forecast for the year ended March 31, 2014. The new numbers reflect a total loss of ¥130 billion ($1.27 billion), from ¥110 billion ($1.07 billion) as detailed in February.
Sony attributes the change to a number of things. Costs related to exiting the flagging PC business are higher than expected. Sony has noted further decreases in its sales following the announcement it will depart the market.
A decrease in Sony’s disc manufacturing business is attributed to lower demand for physical media. While Sony has been struggling overall, the games division has seen strong performance.
Sales of the PlayStation 4 have exceeded Sony Computer Entertainment CEO Andrew House’s expectations. At the launch of the PS4, House told us that he anticipated 5 million units sold by fiscal year end. Sony has moved over 7 million units to customers.
[Source: Sony]
Our Take
Sony is in the process of righting its ship, but it’s going to take time. There are a couple of strong pillars that are propping up the diverse company, including gaming. Sony’s studios have taken a number of hits with layoffs and departures, but I imagine it would have been much worse had the business unit not been profitable.
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
