Sony posts $385 million quarterly profit, PSP sales down 50%

Games business a moneymaker again for electronics giant, thanks to increased PS3 sales, lower manufacturing costs; handheld sales plummet.

by

Last year, the July-September quarter was a dire one for Sony, with the company losing ¥26.3 billion ($326 million) on ¥1.66 trillion ($20.6 billion) of revenues. Today, the company reported earnings for the same period in 2010, and the result was decidedly different--¥31.1 billion yen ($385.4 million) of profit on ¥1.73 trillion ($21.5 billion) in revenues.

The future is looking bright for Sony.

One reason for the increased profitability is that the massive restructuring Sony underwent last year--which saw 16,000 people laid off--is finally paying off. Another reason, though, mentioned by the electronics giant was the improved performance of its Networked Products & Services division, which includes Sony Computer Entertainment.

During the same period last year, the Networked Products & Services division posted a ¥59 billion ($731.5 million) loss. From July-September 2010, the sector posted a ¥6.9 billion ($85.5 million) profit, thanks to higher PC sales and "the strong performance of [the] PlayStation 3 resulting from significant hardware cost reductions and higher sales."

The company did say that the games business shrunk year-over-year overall, reflecting lessening sales of its other platforms, the PSP and PlayStation 2. PSP sales were down 50 percent year-over-year, falling from 3 million to 1.5 million for the July-September quarter. PS2 sales fell less dramatically, falling from 1.9 million to 1.5 million units year-over-year.

As a result of the better-than-expected earnings during the July-September quarter, Sony now expects a profit of ¥70 billion ($867.7 million) for the full fiscal year, up from ¥60 billion ($743.8 million). It expects to sell 15 million PS3s during the year, as well as 8 million PSPs and 6 million PS2s. Software-wise, it predicts annual sales will be flat at 115.6 million PS3 games, 44.4 million PSP games, and 35.7 million PS2 games.

Discussion

440 comments
frazzle00
frazzle00

[This message was deleted at the request of a moderator or administrator]

lithus
lithus

[QUOTE="mario-nin-freak"] well I guess your right I'll try not to. And please don't call me names, I've had enough lately of people calling me names. I guess some people think calling others names makes them sound right.[/QUOTE] you got it sport.

Ex-DarkBlade
Ex-DarkBlade

@frazzle00, you don't how happy I'll be when my country no longers plays the world police anymore. I don't care what happens in the world, I don't about peace in the world if my country, and it's people suffer because of it. China can take the role of world police. Because of world police role, frazzle00, my country has been pushed back, and the world has gotten ahead of us, or caught up. And Bush Jr., well he is ............... What can we do against Bush Jr., nothing. He sold us to a lie, and we are paying for it. I wish I say this to him http://www.youtube.com/watch?v=nbhEyN8hFXM, but I would thrown in prison by the Republicians.

frazzle00
frazzle00

[This message was deleted at the request of a moderator or administrator]

Ex-DarkBlade
Ex-DarkBlade

@10679 This source is from 2005, after re-election, people started realize the war was bad, and Bush Jr. is a ........... http://www.washingtonpost.com/wp-dyn/content/article/2005/06/07/AR2005060700296.html This is a most recent article I can find, it shows we are getting more displease with the war. http://www.cbsnews.com/8301-503544_162-20014856-503544.html This article proves we were against the war when it started. http://articles.cnn.com/2003-02-15/us/sprj.irq.protests.main_1_anti-war-rallies-anti-war-movement-police-use-pepper-spray?_s=PM:US Still think that we Americans are blood thirst people? What Bush Jr. done was wrong, and we don't like him for it.

Ex-DarkBlade
Ex-DarkBlade

@10679, you want Bush Jr. to be punished right? Come to the U.S., and sue him for going to war with Iraq by lying. And 20 years later, when the case reaches to the Supreme Court, you'll find out that you lost the case when it just started in the Supreme Court. Or, you can tell NATO to put Bush Jr. on trail, next thing you'll know that they will be laughing at you. LOL! I'll give my sources soon. LOL! I already know that there were no WMDs in Iraq, and Bush lied. LOL!

10679
10679

@Ex-DarkBlade First all of i called you a hypocrite because in this page you failed to provide any sources. I have already provided more than 2 links to back up my comments which weren't from wikipedia . You wanted proof on how i said that bush went to iraq on a false pretense that they had WMDs. Heres the proof http://www.msnbc.msn.com/id/7634313/ http://news.bbc.co.uk/2/hi/3718150.stm http://www.guardian.co.uk/world/2004/sep/18/iraq.iraq1 Oh wait even better, i got proof where bush himself said that there was no WMD in iraq. http://www.youtube.com/watch?v=OSN-Kku_rFE All in all, the war in iraq was unjust and cruel and bush should be tried as a war criminal and should get the same punishment as saddam did. Also are these credible sources for ya lol. SO far i have yet to see yours lol

Ex-DarkBlade
Ex-DarkBlade

@frazzle00, the bloody reason he won a 2nd term because of the short success of the Iraq War. He used the short success of the War to win again, and fear. I wish that Florida didn't screw up on the 2000 election, he wouldn't been the president. If you follow the news, he justified the war in Iraq as a police action, and war on terror, blah blah. All I know is that because of him, we lost a lot of lives, and money. If we did put him on trail, he would buy the best lawyers that money can buy, and save himself. This is America, even we have freedoms, the law is still one number. No one cares about him anymore, I just hope no more of being world police for my country. We got a lot to think about our problems, no more thinking problems of other people in the world. No more wars.

frazzle00
frazzle00

[This message was deleted at the request of a moderator or administrator]

Ex-DarkBlade
Ex-DarkBlade

@10679, dude, I am a true American, but also I am a human that understands people views, and logic based on facts. Dude, I am a American I know my country better than yours. Now the American public didn't like the Iraq War at all when it started, and still we don't like it. We want to get out fast as possible, and President Obama was semi done that. It was never the choice of us Americans to go to war.Bush Jr. was able to get us into the war because America suffered 4 attacks, people were so confused. No one cares about Bush anymore here, since he is gone. Plus I have your private emails to me, I have no facts from you either. You criticize my country, and me with no facts. There is not a single source of information on yours, and you call me a hypocrite. LOL!!!!! You said all Americans are bloody thirsty, right? Your proof? Have seen Americans in America, do we all have fangs? Was entire American public was for the war? Your sources for that too? You gave me no sources, then why would I give mines? Plus Apple knows who to fix things properly, I been following that company for a long time, I can give links to articles that show how better is Apple, than Microsoft. Want the links, there is ton of them. LOL And your research comes where? Wikipedia? Anyone can change the info in Wikipedia. LOL to that. Show me your research to me, if you have the courage. LOL And America is not bad at all, so isn't NZ.

method115
method115

@barnold81 Get an android phone if you want to play PS games. I've been playing a ton on my HTC evo. Final fantasy tactics is what I'm playing right now. It's not perfect yet but eventually it will be. Theres rumors of a PSP android phone being released with a slide out game pad.

10679
10679

@Ex-DarkBlade The reason I don't want to you comment back is because you keep adding stuff that isn't related to the argument. Microsoft has alot of flaws in most, I said most, not all, in it's tech., it's a fact, not a opinion. Apple is one with less problems, for example Iphone 4, the antenna problem can be fixed easily by a $50 skin, which was griven free for 6 months. Yes, America did messed up on the war, we didn't want to go to war, everyone was against it, but because of 9//11, Bush Jr. had the upperhand in congress. We, Americans are still against the war, we want to get out asap. Every country messes up, my country is not perfect, but it doesn't mean that your country is perfect. I know what you think about America, but we are bad as you think(well depends on who you meet). " You are kidding yourself. I guess you are true american that beleives what everyone says especially when bush said that iraq had wmd :P These were the stuff you talked to me privately in 3 emails and none of the above messages pasted in this area show any sources. Once again you are a hypocrite. At least i do research and provide links while you do not. Secondly i live in NZ . Its far from perfect and tbh its just as bad as america lol and i criticize both equally.

10679
10679

@Ex-DarkBlade i said Microsoft had most flaws in it's tech, I didn't say the other companies don't have flaw in their tech. Apple improves slowy with it's tech., but doesn't mess up with alot like Mircrosoft. I am not Apple fan, I can say if I had to choose between Apple, and Microsoft, I would choose Apple. George W. Bush Jr. has nothing to do with this argument, he won as president for the first time because Florida mess up the vote count. And the second time he won was because of the war. Dude, know history. Please don't comment me anymore, because I don't want to read your comments, when you don't understand what am I trying to say.

10679
10679

@ Ex-DarkBlade"I don't think you even understand anything I tried to say in my last comment to you at all. I said nothing about console preferences. I didn't said anything about you saying that PS3 has to no games, most Xbox 360 fanboys say that, and many other trash, didn't point at you. I am no PS3 fanboy, but I do sound like one, really not a fanboy. I was not bad mouthing Xbox 360, I don't hate the system, and don't have anything against the system. I know Xbox Live is good, I never said it was it nothing against PSN. I said 2011 was PS3, because of amazing exclusives, and the other good stuff. I am American, you think I am not aware of Bill of Rights, and the 26 Amendments, low lame. When Freedom of Speech goes off the border, then Freedom of Speech is not ok. People all over the world have Freedom of Speech, not just us Americans. If you think that people with American companies' product have only Freedom of Speech, then you are terrible wrong. Microsoft doesn't represents America, the people do. Microsoft is the worst company, because many of it's tech. have flaws. Reading skill is one of the most important skill in America, and you fail to understand a thing I tried to say in all my comments. Want a example? I said not to comment me back. I'll say it again don't comment back. I just want to say 2011 is PS3's year, you Xbox 360 fanboys made a big deal out of it.

Ex-DarkBlade
Ex-DarkBlade

@10679, dude, we went over this already! I already gave you my sources, which left you speechless, and then you started attacking on America. Ring a bell? I can give my sources again, anytime, on this site, and in this comment area. You have some nerves to pick on my country, and me, while I can do that back. Which country are you from that makes you act so proud, and critcize people with facts while you have none?

10679
10679

@Ex-DarkBlade "Dude read carefully. Me, and other people you argue with, have sources to back up on what you call opinions." Thats hillarious coming from you. So far all your post have no source to back you up. Hypocrite much lol @ArcFatalix Posted Nov 1, 2010 7:34 am GMT "they have tons of exclusives in production. Microsoft desnt even have studios, only geow3 next year. I doubt the ps3 fans care about less games this year, cuz next year is going to be tough. Demon souls IP belong to sony and MGS rising is not even related to MGS4 no story nothing enjoy your hack and slash MGS4 will always be PS3 only, the best game this gen " You sound like a blind sony fanboy to think that microsoft only has Geow3 coming out next year. If you don't have xbox , at least do some research so that you don't sound stupid lol. Anyways there is project gotham coming out , forza coming out, crytek exclusive game, perfect dark, most likely mass effect 3, xcom, first templar, steel battalion , project draco and so on. There are more but i can't remember them.

Sephiroth-X
Sephiroth-X

The PS3 and 360 are only 3 or 4 million units apart, and the 360 was release a year before the PS3...which says that Sony is quickly closing that gap and will eventually surpass Microsoft. By now, gamers know the PlayStation is a better value and much higher quality console, it's only a matter of time now.

LeoLex_
LeoLex_

PSP sales down 50%..my heart bleeds Sony, fingers crossed for a merry christmas in your house.

seriousplayer_d
seriousplayer_d

Pitty for The PSP. I know that it has a lot to offer. But the amont of games could better. I hope sony makes some changes with that.

Sindri0x
Sindri0x

NColdhardt Yeah man same here, I still play my PS2 often, it's earned its spot as one of the best (if not the) consoles ever.

barnold81
barnold81

I would be willing to get another PSP if I knew that I wouldn't have anymore problems with its screen. I love being able to play PS games portably.

NColdhardt
NColdhardt

385 million quarterly as profit is impressive. Glad to see Sony getting more attention nowadays :) @doublem2 I wouldn't be surprised if PS2 sales actually increase. It's the PS2s 10th birthday this year. People are gonna buy it just to commemorate the old machine Mine's still running smoothly.

doublem2
doublem2

PS2 sales drop is expected, although it's amazing they still sell 1+M of them yearly, and 35M games! PSP drop isn't surprising... Go was very bad for the PSP overall, and phone rumors aren't helping current sales. At least they're getting on the ball with PS3.

mario-nin-freak
mario-nin-freak

@lithus well I guess your right I'll try not to. And please don't call me names, I've had enough lately of people calling me names. I guess some people think calling others names makes them sound right.

mario-nin-freak
mario-nin-freak

@Colonel-Snake Like I just said(which you ignored), is that biased means you like something for no reason, just for the sake of liking it basically. I like the wii more because of the fun platformers, you probobly like the PS3 because of the features and games you like. We have different oppinions, but that doesn't make one better than the other, it just gives us our oppinion. Do you like PS3 over the other consoles?

Barighm
Barighm

@harrysboy Besides, we all know who the real winner of this generation is: Nintendo. Anywho, this just goes to show how console makers make their money: big losses at first, then reduced manufacturing costs, and suddenly profits start rolling in near the end. I still can't believe the PS2 is selling in the millions.

fl4rty
fl4rty

@ spurslover21 no, no one else has seen microsoft's q1 report for 2011 because they havent been posted yet.

Sindri0x
Sindri0x

Yeah the stats actually prove that the PS3 has sold more hardware-wise this year than the Xbox 360. That immediately tells you something, especially considering Sony's big gun in Gran Turismo 5 has yet to come out and Halo: Reach already has come out. I think with all of the massive exclusives next year, plus Gran Turismo 5 (which will sell millions of PS3's itself), it looks like the PS3 could very well overtake the Xbox 360 in the next year or two......

harrysboy
harrysboy

Why do people still bother wasting energy arguing about which machine is best/successful? It doesn't matter anymore, both have the same games and the same games play the same on both machines, everybody stop arguing about it and just play the damn games...

dark-zazo
dark-zazo

Btw Sony sold 3.5 million PlayStation 3 consoles for its first quarter. On the other hand Microsoft, who loves to brag and overhype things, only sold 2.8 million consoles. I think that the console gap between PS3 and X360 is starting to get pretty thin. As of now Microsoft has sold 4 million consoles more than Sony. And considering that everywhere in the world PS3 is first, the only problem is USA. Sony's marketing department needs to do something about that, like spreading more love for the Americans, or fixing that piece of s*** PlayStation Network!

Ex-DarkBlade
Ex-DarkBlade

@rocky_841, how about this, many people are buying the PS3, because there are more than 12 awesome exclusives for the next year. Want proof? Exclusives: Killzone 3, Infamous 2, Little Big Planet 2, Final Fantasy 13 versus, Ico collection, The Last Guardian, Rachet and Clank: All 4 One, Twisted Metal, Heros on the Move, Resistance 3, The Sly Collection, Socom 4, and Uncharted 3. All of them are coming next year. Do not, I repeat, do not argue with me on these games, alright. :) (Please note, I am not a troll, I wrote this to stop people trolling for Xbox 360 on a Sony article)

rocky_841
rocky_841

i cant believe people don't seem to realize the obvious reason the ps3 got a sales boost... one word.. jailbreak. the 3.41 firmware that was recently hacked is the reason all the pirates that held on from buying the ps3 for so long, are now rushing to buy the ps3 before the 3.41 ps3 stock runs out and is replaced by the 3.50 stock, which blocked the jailbreak. its so obvious even sony knows this. the fact that sony has gone (legally) after the jailbreak pirates real hard (which ms simply didnt bother to do when the 360 was hacked) suggests that sony is going to lose bigtime due to the jailbreak hack. so im glad they are getting at least something positive out of it.

thelegendlives5
thelegendlives5

The PS2 will sell 35.7 million games in 2010??? Wow this PS2 is certainly amazing, it continues to sell strong ten years after its launch. Not many consoles can do the same. Makes you wonder, if Sony had the recipe of success with the PS and PS2, how come they didn't dominate this generation as well?

spurslover21
spurslover21

people talk about sony catching up to microsoft didnt people see microsoft Q1 2011 profits it is $16.2billion so much for sony catching up

spurslover21
spurslover21

everyone talks about Sony catching up to Microsoft you should look at Microsoft sales for Q1 2011 is profits of $16.2billion and you say Sony are catching up

KrazzyDJ
KrazzyDJ

It's surprising when they say that Hardware Sales have been plummeting. I mean seriously, how many consoles can you expect one man to buy. Or do you expect that everyone in the U.S. should have everyone of a PS3, PS2, PSP, XBOX 360, WII and a DS !!!

helldude90
helldude90

Damn, the comment section has turned into a fanboy warzone.

Arykuarius
Arykuarius

i dont know why i see soooo many xbots comments here....why xbots even click on this sony article...it makes you wonder..it really hurts ya on the inside that sony is doing so good huh? but dont worry is only gonna get worst for ya LOL

TevoxZi
TevoxZi

@supertrooper23 Possibly also the amount of highly rated first party exclusives on the side too. :)

supertrooper23
supertrooper23

i think another reason why the ps3 will eventually outsell the 360 is the fact that it can be used as a media center. the 360 is purely a gaming machine.

Hvac0120
Hvac0120

[quote="gamespot"]PS2 sales fell less dramatically, falling from 1.9 million to 1.5 million units year-over-year.[/quote] Amazing... 1.5 million units this year... That's an average of 125,000 units per month... Good job Sony!

TevoxZi
TevoxZi

@sixoneone [quote="sixoneone"] @ tevoxZi another fanboy who can afford an essay long response due to free time of having a system with zero games. lol [/quote] [quote="TevoxZi"] @sixoneone I'm guessing all the sites that list the games on the platforms are fanboys too in your opinion? Honestly, how ironic. I asked from you what games I'd buy on X360, yet you're the one claiming there's none on PS3 and acting like there's a ton on the X360 that I haven't heard about. I guess the GOTY awards have vanished into thin air in your eyes as most of those have pretty much been awarded to PS3 exclusives so far. At least I don't try to justify my purchase by downmarking the other console's games, because that's seriously sad and gives the expression that you envy the other system's games. So the next time you think of using the word "fanboy", you could take a look at the mirror first.[/quote] [quote="sixoneone"] @tevoxZi some good those GOTY awards did you, demons souls and MGS are "Just another franchise" franchises now better on xbox 360. Cant wait for the best version of project dark and MGS:R and probably MGS5 too [/quote] I mentioned it in the side, you're the one that started the "talk" about it. Unfortunately you made yourself look even more as a joke when you claimed the PS3 has no games, yet when I provided you some - you couldn't tell me the games on the X360. So ironic. :) P.S. Demon's Souls isn't coming onto X360, neither is Uncharted. Only MGS Rising (spinoff) that's not even directed by the original director. @SEGAmaniac7 Really mature, are you 12?

ChromeBallz
ChromeBallz

@swamptick "Far behind" seems like a hollow statement. PS3 sold 41.6m units worldwide, 360 44.6m. That's a difference of merely 3m, despite the 360 being released a full year ahead of the PS3. You may be looking at US sales only - The PS3 is selling far better in Europe and Japan than it is in the US. Worldwide, the PS3 is catching up, and fast. I do expect it to have outsold the 360 sometime around summer next year.

TTDog
TTDog

I find it hard to believe that sales of the PSP have plumetted... they'd have to have reached some sort of decent level in the first place for them to plummet.

PayneKiller
PayneKiller

@sixoneone your posts fail on so many levels. It's funny to see you're happy to get spinoffs(not sequels) on your console. And talking about PS3 having no exclusives this year.. how many exactly did the 360 have.. another Halo? And how many triple A exclusives are they expecting for the next year?

PayneKiller
PayneKiller

@swamptick ahahaha so after countless posts after posts complaining about how Sony fans are jealous and "pure unbridled envy" on Xbox stuff, here you are now trolling on a Sony article. Didn't even read your posts I just noticed they were hidden due to negative ratings.

baystatethrashr
baystatethrashr

the current PSP is dead at this point. not trying to hate on it or anything but it's true.