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 Send to email | Sony profits sink, game division floats by in financialfiscal-fun-factsscesony |  By James Ransom-Wiley
el 29-Oct-2008 | Filed under: Sony PlayStation 2, Sony PlayStation 3, Sony PSP, Business
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With the celebratory horn tooting out of the way, let's turn to Sony's overall quartely results -- a tune, you'll find, that's distinctly grim. A 72 percent plunge in net profit and a 16-year-low share value sum up the voyage through the current economic storm. Still, the game division has posted a 10 percent rise in profit and narrowed its loss from ¥96.7 billion to ¥39.5 billion ($379 million), as PlayStation 3 hardware and software sales proved incredibly buoyant. Indeed, PS3 hardware sales totaled 2.43 million units worldwide over the quarter (besting Xbox 360 sales), as reported earlier.
More impressive, though, PS3 software sales nearly doubled in the quarter, reaching 21.1 million units. While PlayStation 2 sales were actually greater than PS3 sales in the hardware (2.5 million units) and software (23.1 million units) categories, the platform actually saw decreases of 0.78 million and 14.9 million units, respectively. The PSP business also saw a lull in software sales (um, and releases), down 0.8 million units, but still managed to move 3.18 million hardware units into eager, sweaty palms -- hang tight, the games are coming next year! Overall, however, SCE continues to post losses, and, like the rest of the company, is crippled by the weak value of the yen against the dollar and euro. Sony profits sink, game division floats by originally appeared on Joystiq on Wed, 29 Oct 2008 16:45:00 EST. Please see our terms for use of feeds.
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| Sony profits sink, game division floats by | | Filed under: Sony PlayStation 2, Sony PlayStation 3, Sony PSP, Business
With the celebratory horn tooting out of the way, let's turn to Sony's overall quartely results -- a tune, you'll find, that's distinctly grim. A 72 pe [..] Read complete article | | Published 29-Oct-2008 by James Ransom-Wiley in financialfiscal-fun-factsscesony
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| Xbox division profits for second straight year, but ... |  Microsoft's Entertainment and Devices Division -- the gaming and Zune portion of the company -- has announced profits for the fiscal year that ended on June 30. Unfortunately for Microsoft, it's 66 percent less profit than last year ($169 million, dow [..] Read complete article | | Published 24-Jul-2009 by JC Fletcher in financial-resultsmicrosoftmicrosoft-entertainment-and-devices-divisionsalesxbox
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| PlayStation Boss Heading New Sony Division [Sony] | ![Click here to read Snoopy Flying Ace: High Road To Reminiscence - Snoopy Flying Ace: High Road To Reminiscence [PAX East]](http://cache-05.gawkerassets.com/assets/images/9/2010/03/160x120_snoopy.jpg) Major changes are going down at Sony. President Ryoji Chubachi is stepping down, and Sony CEO Howard Stringer will take over Chubachi's role as president. The company's PlayStation boss has a new role, too. Sony Computer Entertainment CEO Kaz Hirai will head a new business group that [..] Read complete article | | Published 27-Feb-2009 by Brian Ashcraft in Sony Business Kaz Hirai News PS3
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Sony Trimming More Costs From PlayStation Division [Business] | | 2009 wasn't the best year for Sony, at least financially. So the Japanese company is looking to trim a little more of its overheads, specifically with the way PlayStation games are distributed. Previously, Sony Computer Entertainment's distribution arm and th [..] Read complete article | | Published 28-Dec-2009 by Luke Plunkett in Business NewsPlaystationSir Howard StringerSony
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