Sony Post Q1 Gaming Loss

Mark Botwright

Distinguished Member
The gaming arm of the tech giant has shown a significant 1st quarter loss of just under £29m.

Turnover for the division saw a decrease of 14.5% in comparison to the same period last year. The company blamed this on waning PlayStation 3 and PSP sales, though this was claimed to be “partially offset” by Vita numbers.

The combined figure for PS3 and PS2 units shifted was 2.8m, a fall from 3.2m in Q1 2011. The Vita and PSP fared similarly (though Sony has refused to break down the individual stats, potentially hiding blushes at Vita's poor performance) with a slip from 1.8m last year to 1.4m this.

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Software figures were also disappointing, PS3/PS2 shifted 20.1m titles (compared to 27.6m in 2011) whilst the Vita/PSP total stood at 5.8m (down from 6.6m), Though it should be noted that downloads were not counted, so there's always the chance an increase in digital titles from PSN may be partially to blame.

Sony has subsequently shifted its targets for the rest of financial year, predicting lower portable unit sales and an inevitable hit in income linked to this fact as well as “unfavourable exchange rates”.
 

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