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Sales of PlayStation hardware slide, forcing Sony to re-access fiscal guidance

NEWS | ? Comments |

Author: Nicholas Greene  

Turns out PlayStation hardware isn't selling so well. Sony's games division today posted an operating loss of $45 million. At this time last year, they posted a profit of about $52.3 million.  That's a significant drop, especially when you consider the fact that, in the previous quarter, the entertainment organization cited revenues of around $1.49 billion. That's some pretty decent coin; except that it was a 14.5% decline from last year's sales. Granted, the current strength of the yen probably isn't helping things, but at the same time, you can't argue with the numbers.

Sony PlayStation hardware sales are tanking (PS3, PS2, PS, Vita, PSP)

Things aren't going to be getting any better, either: 

"Primarily due to the lowering of the annual unit sales forecast for portable hardware, sales are expected to be significantly lower [for the game segment] than the May forecast. Sales are expected to be essentially flat and operating income is expected to decrease significantly year-on-year." 

Overall, Sony posted revenues of around $19.1 billion for the quarter (a 1.4% increase from last year's figure). Unfortunately, this also came with a net loss of $312 million (a figure which I'm sure was helped along by their losses in the games department). 

The reason, of course, is declining hardware and software sales. They sold a combined total of 2.8 million PS3/PS2 units (they sold 3.2 million last year), with the Vita and PSP selling a combined total of 1.4 million (1.8 million last year).  Software sales saw 20.1 million console games sold and 5.8 million handheld games sold (down from 27.6 million and 6.6 million). 

Sony seems to be having a rough go of it, but it's likely they aren't the only ones.

Source: GamesIndustry International

Posted on: 08/02/2012 | ? Comments
Tags: Sony, PlayStation, hardware, sales, ventas, PS3, PS2, PS, Vita, PSP, Video Game News
Nicholas Greene

A gamer at heart, Nick started writing when he was a child. He holds a BA in English, works as a freelancer, and loves every minute of it. One day, he hopes to net himself a career in game design - but that's something for the future.

The views of GameDynamo's writers are not necessarily the views of the website as a whole. However, we support freedom of speech and enjoy diverse opinions about video games. Hopefully you do too!

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