Sony: Game operating income is expected to be lower at end of fiscal year

Sony Corp. has revised its consolidated forecast for the fiscal year ending March 31 by announcing that the operating income of its “Game segment” is to be lowered by ¥30 billion (approx €259m).

“In the Game segment, operating income (loss) is expected to be lower by approximately ¥30 billion,” said Sony. “Of this, approximately ¥15 billion is due to the impact of the appreciation of the yen and approximately ¥15 billion is due to lower-than-expected sales.”

Thanks, Kotaku.

By Mike Bowden

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9 comments

Blerk
22/01/09, 8:44 am

DON’T PANIC! EVERYTHING IS FINE!

SilentLoner
22/01/09, 9:16 am

What does this mean then?

Cort
22/01/09, 11:32 am

According to some analysis I’ve seen elsewhere on Johnny Interweb this is mainly due to lower than expected PS2 sales. Sony have hit their PS3 target, will just miss the PSP target and always expected slightly lower software sales (it was in their projection for this fiscal year). But the highly profitable PS2 has dropped much more than expected.

Consequently, although this is very bad news, and although the PS3 needs to do much better, I don’t think this is the end of the world. PS2 is going to die someday, I just hope that Killzone 2 et al and a price drop re-stimulate PS3 growth in 2009/10.

Blerk
22/01/09, 11:58 am

Looking out the window at the burning cities and the rioting public, I suspect hi-price consumer electronics isn’t going to be top of everyone’s priority list in the forthcoming months.

Shatner
22/01/09, 12:02 pm

“oncome”?

Mike
22/01/09, 12:12 pm

come on