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PlayStation division returns to profit

Ben Parfitt
PlayStation division returns to profit

The Networked Product and Services Division of Sony, which houses amongst many things its PlayStation operations, has reported an operating profit of ¥6.9bn ($86m) in its fiscal Q2 – a drastic improvement on the ¥59bn ($730m) loss it incurred in the same period in 2009.

Sales at the unit grew five per cent to ¥369.1bn, with PS3 console and Move sales singled out as the highlight.

But the numbers come despite a 12.9 per cent year-on-year decline in sales to ¥171bn. The chief culprit is PSP, the unit sales of which fell 50 per cent year-on-year to 1.5m units – a number that was equalled by the humble PS2.

PS3 unit sales were on the up, however, climbing from 3.2m units to 3.5m. PS3 software sales rose sharply to 35.3m units – in the same period last year that number stood at just 23.9m.

PSP games sales fell from 13m units to 11m, while PS2 fell from 11.4m to 5.6m.

The company reiterates that it’s on track to sell 15m PS3s in its current financial year.

Overall Sony profits reached ¥68.7bn – up from the ¥32.6bn loss a year earlier. For the six months ending September 30th a profit of ¥56.8bn was reported. Last year that saw a loss of ¥63.4bn in the same period.

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Tags: Sony , PlayStation , profit , revenue , financials

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