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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11 Comments

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They wouldn't be worrying. I think that PS Vita will turn around Sony's Gaming division in a really big way.

Eberton Sobreira said,
Are they blaming the earthquake and the tsunami in Japan?? They should be ashamed. Why won't they blame themselves for the PSN attack worldwide ??

Probably because last quarter doesn't include April. May, June or July?

Edited by kead, Jul 28 2011, 10:48pm :

kead said,

Probably because last quarter doesn't include April. May, June or July?

So I just registered that a quarter is 3 months. My math profs would be ashamed

This really isn't surprising all things considered. Nor is it indicative of anything other than that Sony has had a very tough year but are still maintaining a positive attitude.

Amarok said,
This really isn't surprising all things considered. Nor is it indicative of anything other than that Sony has had a very tough year but are still maintaining a positive attitude.

+1

I haven't touched my PS3 in months but am a big Sony fan. It's good to have them in the game!

norseman said,

+1

I haven't touched my PS3 in months but am a big Sony fan. It's good to have them in the game!

Think it's down to the software more than the hardware. Sony need some good exclusive fresh titles to improve sales I think.

bugsbungee said,

Think it's down to the software more than the hardware. Sony need some good exclusive fresh titles to improve sales I think.

PS3 has the most exclusives than any console....
I think it is just the hardships that have plagued them this year. The console is great for gaming, and just as great for media.
Through everything though, they have managed to earn a lot of peoples trust back, as well as compensate pretty well for what did happen.

Flash back one year ago; Sony hadn't been brought to it's knees by a bunch of dorks yet either. I have faith they can get back in the saddle