Sony's Playstation unit experiences revenue drop

Sony's Playstation gaming division experienced a drop in revenues in the company's latest quarter that ended on June 30. Gamasutra reports that the division recorded revenues of $1.5 billion for the quarter which is down 11.5 percent from the same time period a year ago. Sony also said it sold less units of its high end Playstation 3 console in the quarter. It recorded worldwide sales of 1.8 million units for the PS3 compared to 2.4 million units for the same time period a year ago. Despite this sales drop, Sony says it still predicts it will sell 15 million PS3 units in its fiscal year, up from 14.3 million units from the previous fiscal year.

Sales of its portable PSP console actually went up in the last quarter, with Sony saying it sold 1.8 million units compared to just 1.2 million units from the same time period a year ago. Sony is still selling its now 11 year old Playstation 2 console. In the last quarter, Sony sold 1.4 million units of the PS2 compared to 1.6 million units from the same period a year ago. Software sales for the Playstation 3 came in at 26.1 million units compared to 24.8 million for the same period a year ago.

Overall, Sony registered a net loss of $191 million for the last quarter compared to a profit of $330 million for the same period a year ago. Sony blamed the massive earthquake and tsunami that hit its home country of Japan last March as part of the reason for the net loss.

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