Sony game unit loses $8 million

Loss attributed to decrease in PlayStation hardware sales.

119 Comments
No Caption Provided

Sony today reported earnings for the quarter ended September 30, revealing its game unit posted a loss of $8 million, compared to a profit of $23 million this time last year.

The operating loss was primarily attributed to the impact of the PlayStation Vita price cut, as well as the "unfavorable" impact of foreign exchange rates, Sony said.

Overall, Sony's Game unit saw sales rise 5.1 percent year-over-year to ¥155.7 billion ($1.6 billion), but the company said this is actually a 14 percent decrease on a constant currency basis.

Sony said the decrease in sales, on a constant currency basis, was due to an overall decrease in unit sales of the PlayStation 2, PlayStation 3, and PSP. Sales were partially offset by increased PS3 software sales, compared to the same quarter last year, Sony said.

Sony sold 2 million PS3 units during the quarter, down from 3.5 million this time last year, though that figure also included PS2 sales. PSP and PS Vita sales combined for 800,000 units during the period, a 50 percent decline from the 1.6 million sold last year.

As for software, Sony sold 93 million games during the quarter, up from 60 million this time last year. Sales were not broken down by platform.

The PlayStation 4 launches next month in North America and Europe.

Sony overall posted revenue of ¥1.75 trillion ($18.1 billion) for the period, while operating income slid ¥15.5 billion ($157 million) to ¥14.8 billion ($151 million).

Did you enjoy this article?

  • Join the conversation
    There are 119 comments about this story