PS3 helps put Sony back in black

Electronics maker posts $295.2 million profit thanks in part to rising demand for console; game division revenue up 32 percent, but exchange rates keep game unit from profitability; 38.1 million units worldwide to date.

After a year that saw a steady drumbeat of quarterly losses, Sony is back in the black. Today, the electronics giant reported profits of 25.7 billion yen ($295.2 million) for the April-June quarter, up from a 37.1 billion yen ($426.7 million) loss the year prior. Overall earnings were 1.66 trillion yen ($190.9 billion), up from 1.56 trillion yen ($179.4 billion) the year prior.

Once a money loser for Sony, the PS3 is now helping it shore up its bottom line.

For the quarter, Sony's Networked Product and Services division, which includes Sony Computer Entertainment, saw sales increase 32.4 percent year-over-year to 325.9 billion yen ($3.66 billion U.S. dollars). The division still posted a loss of 3.8 billion yen ($43 million), an improvement of 32.9 billion yen ($378.5 million) year-over-year, which Sony blamed largely on poor exchange rates due to a strong yen.

According to the company, the division's improved performance was due to decreased production costs and increased demand for the PlayStation 3, which has seen sales jump since the introduction of the $300 slimline model last fall. Increased sales of VAIO PCs was also a factor in the sector's turnaround.

During the quarter, 2.4 million PS3s worldwide were sold, an increase of 200,000 units from the year prior. Some 1.2 million PSPs were scooped up by global consumers, as were 1.6 million PlayStation 2s. Sony reported 24.8 million PS3 games were sold, along with 9.2 million PSP games and 1.6 million PS2 games.

Sony managed to hit its goal of selling 13 million PlayStation 3s during the financial year ending March 31, and is now predicting it will sell 15 million of the consoles in its current fiscal year. To date, the console has sold 38.1 million units worldwide.

That said, Sony is predicting sales of its other two hardware platforms will fall. The PSP, which sold 9.9 million units in FY2009 for a life-to-date total of 62 million units, is expected to only sell 8 million units in the 12 months ending March 31, 2011. Sony predicts the aging PS2 will only sell 6 million units in the coming fiscal year, a drop of 1.3 million units.

No mention was made of sales forecasts for the PlayStation Move, the motion-sensing system Sony will launch in North America on September 19, Europe on September 15, and Japan on October 21. In the US, the company will offer a $100 bundle with the PlayStation Eye, one wand controller, and the Sports Champions compilation, as well as a $400 bundle that includes a PS3. The controller is $50 by itself, and the navigation controller is $30. PlayStation Move-branded games will cost $40 each.

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Discussion

659 comments
marvel456
marvel456

[This message was deleted at the request of the original poster]

takreem95
takreem95

@Heshertonfist When I said XB360 disc, I mean the game included. Sorry for the confusion, sir. I thought the disc was an HD-DVD with 30GB space.

Heshertonfist
Heshertonfist

@takreem95 The average disc size for Xbox 360 games is 8-8.5Gb. It's called a Dual-Layer disc. Whether or not a game utilizes that much space is a different story. And it's not the disc itself that costs $59.99, it's the game itself. I can't believe you thought that the disc cost that much to be honest. Seems like common sense should have told you that.

takreem95
takreem95

@Heshertonfist You got to be joking? XB 360 disc is 8GB? For 59.99?

takreem95
takreem95

Who cares, (other than the owners and to-be buyers) if the XB360 has an HDMI port, this is about Sony, PS3, PSP, etc. Plus XB 360 has HDMI 1.2, whereas the PS3 has HDMI 1.3. The difference, you ask? Well, 1.2's data transfer rate is about less than 5 GBps., whereas 1.3's is over 10 BGps. If only the 'kaching' Third-party devs would actually make a game because they love to, instead of the money. *Only For Your Information.

Flint247
Flint247

I'm looking forward towards getting a PS3 to put along side my 360 and Wii!

PointlessFool
PointlessFool

@Artemios Troll Alert. Next time, try actually debating my points, rather than assaulting my two year old username for stating the rather obvious. And no, the 360 did not always have HDMI...I still have one that doesn't. Believe it or not, I have an xbox 360 from 1 year after launch, a replacement for my first RROD, that still works, and it definitely doesnt have HDMI.

bowlingotter
bowlingotter

@JangoF-76 No it hasn't. I would know. After my first Xbox 360 RROD'd on me, I took the opportunity to buy one with HDMI so I didn't have to use component anymore.

Zophar87
Zophar87

Now if someone could just get Final Fantasy XIII to work on this console, we'd be in business.

JangoF-76
JangoF-76

@Serious Small point, but the 360 has always had HDMI...

somuchwonder
somuchwonder

why is everyone arguing about xbox 360 and ps3. in terms of success the wii is still #1.

Ravenlore_basic
Ravenlore_basic

Resistance, MGS4, Rachet and clank, Infamaus, UC, Killzone, LBP, Heavy Rain, GOW3, Demon Soul, ... that was the first 3 1/2 years... _ >_ THIS is just the begining. GT5, Socom, Killzone, Last Guardian, Demon Soul 2, Infamous 2, and more from the large number of first and second party developers. Xbox exclusive deal is running out with Epic, and Mass Effect. _> - Not to say that there will not be any great exclusives on Xbox 360, I am sure there will.

Darth-Jonny
Darth-Jonny

I bought a ps3 and end up only using it for blu-rays. The PS3 is boring, I prefer my xbox 360

Heshertonfist
Heshertonfist

@Serious 360 disc's are actually dual layers so they're about 8gb, not 4.

Serious
Serious

Sony has always been forward thinking. That they made a console that had many features no one "thought" they needed. HDMI, built in WiFi, Bluetooth, Web Browser, and Blu Ray. In the past years more and more of the unnecessary tech became useful. So much so that Xbox 360 had to make newer version of its design to incorporate HDMI, and Built in WiFi. Yet as games come more and more larger Xbox's DVD space of only 4gb is becoming a hindrance. Games are held to a 4gb max, forcing developers to make multi-disc games something not seen since 6th gen consoles. So its not surprising that more are purchasing the PS3 not just for its better tech but for its games! With more popular franchises than the Xbox or Wii.

N64rox
N64rox

@mike21187 Yeah ur right xbox does have better triggers.

Magic_Panda92
Magic_Panda92

I believe its down to the Ps3 exclusives domintaing over the next couple of years...no way is the 360 gonna hold up against that :D

Takeno456
Takeno456

Every time a company sales report hits this site people seem to go into war mode or something. I don't care what system is being talked about people just seem to get really worked up. Its funny because this is almost the same thing that happens on wall street every day, people yelling over financial BS.

ahpuck
ahpuck

@ Pete5506. that's cause the PSP Go is a waste of plastic. I love my ps3, but you couldn't get me to buy a psp if it was %50 off. I enjoy my DS tho'

grungeman91
grungeman91

My apologies to the Xbox fanboys, But the Playstation 3 is probably best investment I've ever made.

thunder_knight
thunder_knight

$190.9 billion overall Earnings? That means its from all of sony devisions not just PS3 devision, There tv, Blu-ray players, etc all help. Still $190 Bill? thats the GDP of small a small country.

skipper847
skipper847

What Operating System are you using?. Vista why?. Where All Going to Die.

Pete5506
Pete5506

I like how they don't talk about the PSP Go

kavadias1981
kavadias1981

Sony came into the HD era with an unbelievable arrogance and it burned them. Clearly the experience was very humbling and they have tried damn hard to recover, and it seems to have paid off. I hope they keep it up and dont fall back into old habits.

ZachBobBob
ZachBobBob

@ahpuck Fair enough then. Seems like everyone is as bad as each other, but whatever, that's life in the world of console wars.

KrazzyDJ
KrazzyDJ

Wow, perhaps a rare quarter in which Sony beat Nintendo as far as profit goes !!!

evan321456
evan321456

Playstation has alwys been on top there goal is to do the same thing they have been doing almost 15 years, climb to the top and watch the money roll in!

evan321456
evan321456

i think everyone new this was going to happen even thow i own a xbox 360 i will be getting a PS3 its just that i think the the xbox is more of a gaming machine

GeneralEz
GeneralEz

i for one own 3 ps3s! 2 slims and 1 phat. 1 extensively for gaming purpose and other 2 for streaming movies. might trade in the phat one at the end of this year and replace it with new slim undled with ps-move.

zinc123
zinc123

at first i wasnt so sure about my ps3 then 2 yrs later i love and would kill for it. but it is amazing how far they have gone and i feel that this is not close to over yet. PS3 RuLz

heds777
heds777

Good news indeed, I think the PS3 might be a slow but long burner.

bloodyaltair
bloodyaltair

@nicknicknick13 i wasn't even talking to youdon't you have some ps3 to play

ivanfred
ivanfred

zidan4000: it is not their fault if you keep your PS3 in a tight room to breath,and YLoD is not that much spread like the ring of death on xbox360 , they dont need to extend the warranty. ================= I kept my 60G in a compartment of my TV Stand. It died about two years later. The cable guy who installed my internet told me he has vented on all sides and suggested that I do the same. I ignored him and payed the price. Sony charged me 150 bucks to replace it. All of you have permission to call me a fool.

Ravenlore_basic
Ravenlore_basic

@ okassar... MS is the company that has a closed platform in every way! Live is closed just ask Gabe N. about it he disliked PS3 but now changed his mind one reason is PS3 open network as opposed to Xbox 360 closed network. look at what Valve and Epic stated.... Its MS policy to charge for DLC and since its their network its their rules.. (old) [now MS has changed its mind... kind of like the 3year warranty] .... .... ... HDD... even the new Xbox 360 slim (redesigned to be more Propritary than before) you have to pay MS money... Live just to play ... the list goes on and on... MS is the main one out for the all might Dollar(s)[Can,Aus] Euro, - . , _ . , - . , _ . , - PS3 - --launch Nov 2006 price $499.99Dollars $299.99 Nov 2009_ - - , - Xbox 360 launch Nov 2005 price $399.99 >>> $299 nov 2009 see the difference in price drop and how long... also PS3 has Bluray player and HD sound system... okay online... more included

cowboywill27
cowboywill27

Sony for the win. Such a smarter investment

okassar
okassar

For those who don't know, the difference between the 3 main gaming hardware companies as far as profit goes is: Nintendo is out for pure profit almost right off the bat Sony wants a mix of profit and also brand expansion/recognition (PS3 started off as unprofitable but now is) Microsoft is not looking to make profit off the 360 itself at all and is taking some losses until now but doesn't care because as long as they're putting the brand name out there they're happy (because they have so many other products that make them a ton of money) In the end, Sony has the best balance. Nintendo is getting too cheap with it and is putting out gimmicks such as the Wii and games that have been recycled for over a decade, and Microsoft could take its gaming division a bit more seriously because as of now its only connection to the gaming division is by name and assets and stuff, they just tell their gaming division "do your own thing, oh, and here's a few goals for ya buddy." I have absolutely no confidence in Nintendo but Microsoft has potential for the next gen to overcome all its mistakes this time around (like rushing out the 360 for the most prestige and figuring if there's any problem such as the RROD it'll just throw a billion dollars at extended warranties, which I don't want my 360 breaking 2 times in the first place, jeez).

GodGundamNT1
GodGundamNT1

@focus0894 you sound like a xbox 360 lover and gears marketing rep. Uncharted and Uncharted 2 set the bar for Gears of war to wish they could follow, sadly the rrod ridden and slim red dot of death console is just running out of steam. why do you think they switched to a yearly halo refresh and paid off Activision for DLC on Modern Warfare? xboh 350 has no games, Playstation 3 is where a world of games is waiting for you, don't be a pansy and buy Demon's Souls, there is no gears/halo hand holding you to every level and face it even microsoft admitted to no longer wanting to make PC ports because a crappy PC halo placer can beat elite xboh halo players

focus0894
focus0894

@ speedy5212 What are you talking about? What does Super Mario have to do with Gears of War. All I said was Gears of War set the GRAPHICAL standard for PS3 to follow, so you think Super Mario set the graphical standards for this gen? Unless you understand what I'm saying don't comment at all, I'm done with this article, I say both systems are amazing and people still trying to start arguments... I'm beginning to think fanboyism is a disease, and there is obviuosly no cure. People always want to think something is better than the other, because I guess that makes them feel better inside. I'm talking about how Gears of War set graphical standards and you're bringing up Super Mario , Golden eye , and Duke Nukem. I'm talking about THIS GEN of games NOT games from like 20 years ago.

Gigaman222
Gigaman222

I own all 3 systems and enjoy all them but in terms of use, my xbox has been collecting dust for the last few months, my ps3 just plays better graphics and is free to play online, why gimp myself? Im sure when halo and gears come out ill dust it off and get some use out of it again but as an avid blu-ray fanatic my ps3 will still get used widely. The wii is more of a, hey, i have friends over, lets play smah bros etc. Xbox users just need to admit that sony has finally cought up with them.

shadowhunter0
shadowhunter0

looks like SalarianChemist is trolling again and I don't know why here is still here I had a friend who was permanently banned from this website for only trolling a couple of times while SalarianChemist keeps on trolling and nothing happens to him in fact since he trolls and bashes the ps3 so much I don't even bother to ready his post any more I just give them a thumbs down and go on ot it is good for Sony

Toysoldier34
Toysoldier34

@SalarianChemist The reason PS3 games tend to suffer is because it is different from anything else when the 360 is similar to PCs and easier to program. Though when a company can focus and harness what power the PS3 has you get games like God Of War 3 that run at 1080p and 60FPS all while looking better than pretty much all games on the market. If the PS3 had weak hardware then that wouldn't be possible.

crabapple87
crabapple87

@ adrdeju Not even close buddy. Try again.

MightyQDawg
MightyQDawg

@SalarianChemist I would argue that the PS3s ability to read higher-capacity discs (Blu Ray) is a hardware advantage. I think you've arbitrarily de-coupled "disc space" from "hardware". Even though, theorhetically, each system has "infinite disc space" because the discs can simply be swapped out, in pratical terms the ability to access more capacity is an advantage, and it's not a software one: it's a hardware advantage.

MightyQDawg
MightyQDawg

sk8oridie44 said: "I mean, how does this make sense, you make games first on the lower end (hardware wise) console, then port it to the higher end? Shouldn't it be the other way?" No. It's easier to developer for the lowest-common denominator and just make a simple port than it is to try to downgrade something work on a less-capable system. sk8oridie44 also said: "I'm really getting tired of us PS3 users getting the crappy ports most of the time." Well, what goes around, comes around. Last gen Xbox owners got the crappy ports.

M8ingSeezun
M8ingSeezun

:lol: @ Matthew-first ......... for claiming to be "neutral" and yet being so touchy and sensitive. Why ask if I was 8? (actually 33) Did I struck a nerve? I'm also on the same boat as you are. Laughing at the other fanboys, in this case, lemmings who have flooded a PS3 centric news article and spewling their distaste......... Funny you claim to be this "neutral" guy and yet you suddenly defend the XBox. There's one thing you did got right, you successfully failed at being what you claim to be. I can smell lemming all over your post. And FYI, Yes I'm a PS3 only owner but not a fanboy :) with a DS lite and PSP on the side, for this entire generation. I follow where the games interest me are. Not because it's just Sony. I logically chose PS3 because of FREE PSN, BR Player, the games, Multiplats and Exclusives. And right now, the PS3 is really a SP centric system (which I prefer) as oppose to 360 which technically focuses on Live and the whole XBL experience. I'm not fond of paying for a subscription if I simply want to frag someone only 5-10 times per month, maybe less (I work 5 days a week and bartend on some weekends, hey NYC ain't cheap). It's a monetary principle I personally abide by. Why waste money (regardless if it's cheap) on a service if I'm only gonna use it once in a blue moon?.....And as for fanboyism I just find it sad and laughable at the same time that Lemmings (fanboys in general) coming out of the woodwork and spewl such hate on a particular console(s).