Sony sells 6.5M PS3s in Q4, posts $871.2M profit

Electronics giant back in black after months in red; PS3's sales jump by 2 million during holidays--life-to-date sales hit 33.5 million; PSP and PS2 sales slump, annual game-software sales estimate cut by 40 million units.

After months of losses, Sony is back in the black. Following a massive restructuring that saw 16,000 jobs eliminated, the electronics giant today reported ¥79.2 billion ($871.2 million) in net income from October to December 2009. The 660.6 percent increase in profits came in spite of overall revenues rising just 3.9 percent to ¥2.24 trillion ($24.6 billion) during the quarter.

The PS3 Slim has boosted console sales for Sony.

Sony's Networked Products and Services division, which subsumed Sony Computer Entertainment last year, also saw its fortunes improve from October to December 2009. For the quarter, it reported ¥19.4 billion ($213.4 million) in operating profit, up from a ¥5.9 billion ($65 million) operating loss during the same period the year prior. Overall operating revenue rose just 1.9 percent to ¥606.1 billion ($6.7 billion).

One big reason for Networked Products and Services' upward swing was a nearly 50 percent increase in sales of the PlayStation 3. The 120GB console's lower price point--now just $300 in the US and £250 in the UK--helped worldwide three-month sales jump by 2 million units from 4.5 million to 6.5 million units. The company also said the PS3's increased sales were coupled with "an improvement in the cost of PS3 hardware" afforded by its new slimline design, introduced late last August. International life-to-date sales of the console through the end of 2009 totaled 33.5 million.

PSP sales are declining even after the PSP Go's launch.

Higher PS3 sales and lower PS3 costs helped offset the flagging fortunes of Sony's other two platforms. Despite the introduction of the heavily hyped, UMD-free PSP Go last October, overall PSP sales fell from 4.5 million to 4.2 million units during the last quarter of 2009. The aging PlayStation 2, now well into its ninth year, saw three-month sales slip from 2.5 million to 2.1 million units year-over-year.

Though analysts estimate that Sony still loses around $36 per PS3, the company does make money from first-party game software sales and third-party game software licensing fees. On that front, the Oct.-Dec. quarter saw 47.6 million PS3 games sold, 15 million PSP games sold, and 11.2 PS2 games sold.

As a result of improved game sales, VAIO PC profitability, and increased income from its financial services, disc manufacturing, music, and film divisions, Sony has cut its predicted annual loss in half. However, the company still expects a shortfall of ¥30 billion ($330.5 million) for its 2009 fiscal year, which ends on March 31, 2010.

In terms of game hardware, Sony now expects to sell 13 million PS3s during its current fiscal year, in line with a forecast it issued in October. However, the company drastically reduced its estimated 12-month PSP sales from 15 million to just 10 million. It revised PS2 estimates up, though, from 5 million to 7 million for the fiscal year.

Finally, Sony also took a hatchet to its October estimates of overall annual PlayStation family software sales, lowering it from 240 million units to just 200 million units. First-party games published by SCE during the period include October's Uncharted 2: Among Thieves, the just-released MAG, and the upcoming God of War III, due out mid-March.

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Discussion

503 comments
acer_062
acer_062

16,000 jobs eliminated and they still lose $36 per console. Try eliminating the jobs at the top of the chain first then maybe you'll make a profit ... after all great games sell consoles not over paid executives.

JackHoleFace00
JackHoleFace00

This is great news for Sony, the gaming industry, and, in part, the economy as a whole--don't care what system you're a fan boy for. Hopefully the company will start hiring again... and hopefully this damn recession can finally start reversing. Too bad about the PSP Go. I think part of the problem is that it's expensive--it's worth it when you look at the features, but like the PS3 before it, it's just a big number when you compare it to the cost of a DS. What they should do is compete directly with the iPod and iPhone (oh can you imagine a PSP that can call people and have 3G? Sign me up). That could turn things around. But still, bravo--it's good to have all the major players operating in the black again.

PumpkinBoogie
PumpkinBoogie

Way to go Sony, show 'em who run this town, lol. :D Nah but seriously, maybe this is what it'll take to shut them naysayers up about Sony/PS3 'impending doom'. What, Sony been at this for how many years now? I mean Sony been at this for about 15 yrs--just in the gaming biz, alone--and well over 40 or so yrs in total as a company. Even w/ a few missteps a good company knows how to keep their wits about them and push on. Congrats Sony for never settling.

cachicachu
cachicachu

and now with the final god of war they are gonna earn tons of money

bencarps41192
bencarps41192

leaf21nut the reason sony doesnt go out of bussiness for losing 36 dollars on each console is that they make loads of money on the PSN and the selling of games. Games are the biggest draw for the industry. For example. With printers the company loses money on the prenter sells but make it up with the ink cartreges which dont cost much to make but cost alot to buy. Either way im glad sony is doing good.

joshua6775
joshua6775

Sony will sell even more consoles once GOW3 comes out, too. I'm a PS360 owner, and love each of them for different reasons. I'm glad some huge games are finally coming out for PS3 this year, and hope gaming as a whole can withstand a down economy that is already showing signs of cramping sales on all systems.

joshua6775
joshua6775

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

leaf21nut
leaf21nut

Wait... So for every PS3 sold sony loses 36 bucks... How the f*ck does that add up... u think theyd go out of business at that rate... w/e ive owned every PS system... and ive liked everyone... to me; ps3 vs 360 who really cares? obviously is you grew up playing playstation your mst likly to continue playing that system and vice versa... the little difference graphic wise between platforms isnt enough for me to choose one over the other, Nor does games make up my mind... I look at what i get in the long run; PS3 has blu-ray... and i love my blu rays... so it makes sense to me to buy the system thats suited to me Stop the argument, fanboys... get a life

casualthrasher
casualthrasher

I bet the next World War in the history of mankind will be that between PS3 fanboys and Xbox fanboys....nuf said...But its always entertaining to witness a war of hate comments that are spawned from a post or story that has nothing to do with comparison between gaming systems.

Ramtin_LA
Ramtin_LA

can any one buy ps3 for me in my birthday? :(

Zerosumgame
Zerosumgame

"introduction of the heavily hyped ...." - learn to be neutral Gamespot, you motherthcker!

frazzle00
frazzle00

I think Sony were arrogant both last generation and this one. While they might have succeeded with the PS2 coasting on the goodwill generated by the superb PS1, the rough ride the PS3 has had proves the old adage "once bitten, twice shy". I hope that Sony take what has happened this generation to heart and put a stellar effort with the inevitable PS4.

In terms of games I can't wait for Yakuza 3 and Heavy Rain on the PS3. Couple that with Mass Effect 2, Splinter Cell Conviction and Alan Wake on the 360, as well as multiplatform titles like Bioshock 2 (which I'll get on the 360) and FFXIII (undecided as to which version I'll get), and the next few months are going to be gaming heaven for me :D.

denicola_a_god
denicola_a_god

good stuff 2010 is the turnaround show em who ran the industry for ten years with ps1 and ps2 sony

TanakaPrime
TanakaPrime

Good that Sony is back on track. But they have to start proving themselves again. They flubbed up at the beginning with that crazy price tag but when you recognize the error of your ways, I guess we can easily forgive. Let's get it back Sony. Mass Effect 2 only lasts for 20-30 hours and we need some quality games again

kuroshiro99
kuroshiro99

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

laofuzi300
laofuzi300

So? Sony is still the best cuz PSN still FREE!

Ladiesman17
Ladiesman17

Games for PS3 very few in number, great titles & "exclusive" stuff.. just made by "SCEA/SONY" >>> O.N.L.Y!! :) other than that.. "multi-platform" games..even Final Fantasy & MGS become "multi-platform" >> they make me laugh... (that was lame)

Ravenlore_basic
Ravenlore_basic

WOW, this article is NEWS information on a gaming company. Just some FACTS, and information. . . . . . . . . . . . . . . . . . . WHY then all the hate on it??? Why do we need to hear some person's opinion saying that they still think another console is better?? . ? . ? . . . . . . . . . , , . . . . . , . . . . . . You think that some people here are getting paid to say negitive comments about Sony and PS3! Really get a life, play your games and be happy. =^)

ObiKKa
ObiKKa

Good news on the PS3 and its software sales (apart from the downgraded figures on the latter for Sony due probably to the financial crisis), but the vastly revised-down forecast on the PSP sales is disturbing... How so early? Oh, well, perhaps the people are getting tighter in their budgets at the moment, and thus sees the handheld consoles as more irrelevant to the home consoles.

Jaguar_Shade
Jaguar_Shade

*frothing at the mouth* rawwrr my game console is better than yours, rawwrrr!!!

fanboy_killa
fanboy_killa

hahaha...nerds, dorks, and geeks arguing over video games!! i love video games as much as the next guy, but my gosh, these are video games people. play them, enjoy them, be happy.

emeraldhillzone
emeraldhillzone

I swear gamespot posts these articles just to cause fanboy riots... Anyone not notice there is not even one comparison to the 360 in the article? its an article about SONY not just the PS3.. so why do we need the same old tired debates about "360 have better online" or "ps3 has better exclusives" both systems have one thing in common, they exist to take your money and entertain you in almost identical ways. I own both, i think they both do just fine and I do not have a preffered console, simple as, now can we please just give the console war thing a rest, go outside smell the flowers, talk to a girl if you have not done that yet, and realise there is more to life than proving that the console you own rules the universe.

kibbik
kibbik

well done @kevin8se7en and @ronisize13, the only intelligent comments i've read here....

Shilleto
Shilleto

everyone needs to stop this hating crap its silly at the end of the day its what the person playing it wants not what every other person thinks

aGiantSquirrel
aGiantSquirrel

@mos2000 Ok ill be honest, this years line up for the 360 is not that great again this year. Its .better than last year, thats for sure. ME 2, Alan Wake, Crackdown 2, Halo Reach, Splinter Cell were the games you mentioned. They all have potential, I am doubting Reach becuase judging Halo Wars and ODST, this might be where they make a poorly done game and stick the Halo label on it for sales. Ill reserve my judgement for when it comes out, but my bet its not going to be that good. And dont you worry Sony will not take a nap this year either. MAG, God of War 3, ModNation Racer, Heavy Rain, Gran Turismo 5(or so we hope, lol), plus the new motion sensing thing like Natal...who really cares about either of those...oh, and extra DLC, better service. This year PS3 will get a premium service as an additional options. oh, trust me, this will be a big year for Sony, they keep this up, Microsoft will have some catching up to do.

aGiantSquirrel
aGiantSquirrel

@jtthegame316 I felt the same way with the 360. The only game I was interested with on the 360 was Gears of War. good game...

EmJayW
EmJayW

Funny. About a year ago Activition were threatening to stop doing games for the PS3 (no COD6!) Now look were it is. Next stop, overtaking the Xbox.

OrianaDorta
OrianaDorta

@ kevin8se7en it's not about graphics, it's about games! almost every 360 game is on the pc too.

Dynamo11
Dynamo11

PSP Go failed big time in my opinion.....

kevin8se7en
kevin8se7en

@OrianaDorta Because a graphics card capable of playing Gears of War 2 at 100% capacity costs more than a 360? lol All you haters are idiots. Both consoles were junk at launch. I got a 360 before a PS3 because blu-ray movies were $40, and the 360 was further along than the PS3. when movies got affordable, as well as the system (price drop) and PS3 had an actual game library.. I stopped hating the previously overpriced POS and bought a PS3. At this time, both systems are great, and I love both (notice the avatar). PS3 = 360 360 = PS3 If you think otherwise, then your probably a fanboy

Fusion_Master
Fusion_Master

they need to be mounting a psp2 to have any chance of resurrecting their short existance in the handheld market.

RonIsIZe_13
RonIsIZe_13

16,000 jobs lost and we think profitability is based on the actual product? Those 16,000 people would have been some of those who designed the Slim ps3 which is apparently more economically efficient. Any company which fires that many people will be profitable. In the short term.

jtthegame316
jtthegame316

The only thing of any interest to me on ps 3 is yakuza 3. Wish it was coming on 360 because i have every console except a PS3 and don't really want to buy one for one game.

squirly636
squirly636

it may be an excuse, but its an excuse that fits. you even said it, it causes slight graphical and frame rate differences....which in turn sways peoples conception of which system is "out-performing" the other. I admit my comment about the differences being "dramatic" was an exaggeration, but it does make a difference and it has nothing to do with the quality of one machine compared to another.

mos2000
mos2000

*sigh* The facts are lost to too many who continue to make excuses for either console - therefore this is my last comment: One thing that eats away at me are comments like "If games were made for the ps3 then ported to the xbox 360, the difference would be dramatic". Facts are, that this choice by developers equate to some slight frame rate and graphical differences. It's not one that favors either system in any serious way. If you can remember, better graphics and frame rate were in the original Xbox's corner last generation. The PS2 still had a whopping 71% market share over the Xbox's 21%. Please stop making excuses where they don't fit factually.... Now, it is true the PS3 out performed the 360 last year - because the 360 gave no effort at all. Despite the 360's lack of exclusives, developers flocked to the system with DLC, that has sold millions and was not available on PSN. This DLC and extra content kept the 360 a float in a year where it should have been destroyed. This is a serious problem for Sony. They need to make better efforts to capitalize themselves on this market, and improve their online experience. MS is not taking the nap it did last year: ME 2, Alan Wake, Crackdown 2, Halo Reach, Splinter Cell , and Natal. This is not including the exclusive DLC that has apparently made a difference. Is Sony making strides in the right direction - yes. Is the Sony take-over "inevitable" -no. They still have a lot of work to do.

squirly636
squirly636

man its amazing, this whole article is on how well the ps3 is doing and STILL people are talking about how much of a failure the ps3 is........to say the ps3 doesn't do anything well is just a blatant lie. If games were made for the ps3 then ported to the xbox 360, the difference would be dramatic, that is why they do it the other way around.

aGiantSquirrel
aGiantSquirrel

@MagicOneUp Always is not a word you can use. With some games, yes they look better on 360. Dragon Age, though, looks better on the PS3, it got a better review for that also on the PS3.

MagicOneUp
MagicOneUp

@ mos2000 yeah dude, at least you have realized. i think a game console should be for playing games.... the ps3 has any abilities but not good at either ones. oh well, good try with the ps4

aGiantSquirrel
aGiantSquirrel

@glaceya "The industry has changed and Sony has not" Apparently you didnt understand a thing this article just said. It said that during the last qtr, Sony was PROFITABLE. Ok, save your PS3 hate comments in an article when Sony is performing poorly. Its apparent, if you read the article, that Sony has already made very important changes. Their sales have INCREASED.

MagicOneUp
MagicOneUp

@aGiantSquirrel talking about games here, every multi plat games are always better on the 360, army of two 40th day for example, on the ps3 it is so blurry, jaggy awful, it gave me headaches. games are made to be played on the 360... thats why ps3 still in third pace

lindseyiluvyou
lindseyiluvyou

@ shadowysea07. Yes it was. Search every Final Fantasy up to 12 and see how many games were Sony Exclusives. And plus there is no way that after Final Fantasy 14 it'll come out on the Wii. None of the nintendo exclusive FF games have any storyline to them. And I doubt that the game will come out for Wii2 cause I doubt there will be a Wii2.

maverick_76
maverick_76

I think the PSP is a great piece of hardware, but the problem is all the hardware revisions, they should have made the PSP cartridge or disc free from the start. Basically they should have made the PSP GO from the start.

ivanfred
ivanfred

Sony really goofed with the unnecessary PSP Go. It could have been more in the black if it never existed.

shani_boy101
shani_boy101

Good work Sony, you got more sales and in the span of 1 and a half months we have three more exclusives (MAG, GoW3, Heavy Rain),can't wait.

Kilbot
Kilbot

Amazing what happens when you make your console affordable.

maverick_76
maverick_76

Personally I don't understand why people fight over the systems, just play what you like.