Sony Reports $191 Million Loss For Quarter

Amid lowered year-upon-year PlayStation 3 and in the shadow of the natural disasters that have hit Japan, Sony is reporting a 15.5 billion yen ($191 million) net loss for the first quarter.

Sony blames the earthquake in March, although it noted that the recovery is going faster than expected. Still, a drop on year-on-year PS3 sales can't help matters either, as the system sold 1.8 million units for the first quarter as compared to 2.4 million in the previous year's period. The company says that it still expects to sell more PS3s when the year comes to a close; predicting 15 million in sales.

Other areas had better news: PS3 software sales were up slightly to 26.1 million from 24.8 million units, and even with the Vita breathing down its neck, PSP sales were up from 1.2 million to 1.8 million.

[via GamesIndustry.biz]