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PS3 sales up but Sony reports quarterly losses

Ben Parfitt
PS3 sales up but Sony reports quarterly losses

Sony’s PlayStation division has reported an ¥800m operating loss (£5m) for the quarter ending September.

In the same period last year it saw operating income of ¥2.3bn (£14.6m), a disparity Sony blamed on hardware price reductions and exchange rate fluctuations.

PlayStation revenues for the period grew five per cent year-on-year to ¥156bn (£991m) thanks to increased PS3 sales, which helped to offset declines in other hardware.

Said Sony: "In the game segment, operating loss significantly increased year-on-year primarily due to an increase in research and development expenses related to the upcoming introduction of the PlayStation 4 and the impact of a strategic price reduction for the PS Vita."

Sony’s overall numbers saw operating revenue jump 11 per cent to ¥1,776bn (£11.3bn).  Full year profit forecasts have been cut from ¥50bn (£318m) to ¥30bn (£190m).

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Tags: Sony , PlayStation , gaming , losses , profit , revenue

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