Sony's Playstation division generates solid profit for last fiscal year

Sony's Playstation division generated solid profits even as the main company suffered a huge loss for its last fiscal year. Sony officially announced its financial results for the year this morning and according to the Playstation portion of Sony had revenues of $19.2 billion for the entire fiscal year that ended on March 31, 2011. The Playstation division showed a profit of $435.3 million for the fiscal year.

In terms of hardware sales, Sony said that it sold 14.3 million Playstation 3 units in the last fiscal year, up by 1.3 million compared to the previous year. It also said that 147.9 million PS3 based games were sold in the last fiscal year. However sales of its PSP portable console came in at 8 million, down by 1.9 million from the same period a year ago. Sony is still selling Playstation 2 consoles over 10 years after it was launched. It said that it sold 6.4 million PS2 units for the fiscal year, down by 1.1 million compared to the previous year. Sony predicts that it will sell 15 million PS3 units in its current fiscal year.

The Playstation Network shut down due to a cyber attack on April 20 did not occur during Sony's last fiscal year and as such the costs associated with the attack were not factored into today's financial numbers. However Sony reported earlier this week that it predicts that the costs of the shut down will amount to $172 million, an amount that many believe will in fact be much higher when the final numbers are revealed.

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