Category Archives: sony financials
Tue, Feb 01, 2011 | 06:23 GMT
PSP sales fell dramatically in the quarter ending September 30, 2010, Sony said today, but the Networked Products and Services division – the company segment that holds all PlayStation products – moved to profit in Sony’s first half.
Tue, Feb 01, 2011 | 06:24 GMT
Sony’s posted results for the quarter ending June 30, showing large year-on-year rises for both PS3 software and hardware, but the NPS division failed to make a profit for the period.
Tue, Feb 01, 2011 | 06:25 GMT
Somewhere, off in an – in all likelihood fictional – alternate universe, Kevin Butler’s riding a golden jet ski powered by fuel made from ground-up diamonds.
Of course, he always did that. But now, Sony can actually afford it.
Tue, Feb 01, 2011 | 06:23 GMT
During a presentation to investors, Sony revealed that all PS3 systems are upgradeable to stereoscopic 3D via firmware updates, and the company plans to integrate 3D through Blu-ray and HDTV sets as well.
The company’s goal is to “lead the 3D market” and offer 3D tools to developers that wish to create games with three-dimensional play.
Plans to install 3,000 Sony 3D theater projectors in cinemas the end of the year is another part of the plan, which when combined the aforementioned plan, the company believes it will achieve profitability by March 2011, according to CEO Howard Stringer.
Sony’s projecting a $1 billion (¥95 billion) loss for its current fiscal year, ending March 2010, but Howard says that current money-saving plans are paying off.
“Our work is already bearing fruit,” he said before adding that the company still has “more work to do”.
Howard also revealed that Sony is ahead of its planned restructuring schedule of saving $5.6 billion (¥500 billion) in costs, part of which was a direct result of the 12 percent reduction of its total workforce (19,500 jobs) over the last year.
Yesterday, Sony announced that it has seen a 70 percent growth in sales for PS3 when compared to October 2008, making it “the only console to experience significant growth year over year”.
Tue, Feb 01, 2011 | 09:19 GMT
Sony’s Q2 financials today have taken total PlayStation division losses to $4.7 billion since PS3 launched in November 2006.
- FY 2007: -$1,970,923,859
- FY 2008: -$1,079,994,103
- FY 2009: -$577,207,240
- FY 10Q1: -$413,541,667
- FY 10Q2: -$653,333,333
Total loss: $4,695,000,202
All figures come from Sony’s investor relations page.
Note that both quarters so far this financial year include losses from Sony’s Vaio business. Figures for the full fiscal years are losses purely from gaming. Prior to Q1 this year, the division was called “Game”: it’s now known as the “Networked Products & Services” division.
It’s also worth noting the following. These are the losses Microsoft’s Xbox division suffered during the first Xbox’s release. As you can see, they’re not as heavy as those currently being incurred by Sony:
- FY 2002: -$1,135,000,000
- FY 2003: -$1,191,000,000
- FY 2004: -$1,337,000,000
- FY 2005: -$539,000,000
Total loss: $4,202,000,000
Thanks, Psychotext. You can read a full breakdown of where the platform holders stand financially in this NeoGAF post.
Tue, Feb 01, 2011 | 06:21 GMT
Sony expects PS3 sales to rise from 10 million in FY08 to 13 million this year, it said in its full-year figures today.
PSP sales are expected to grow to 16 million from 14 million.
The only predicted downturn is PlayStation 2, which will fall from 8 million to 6 million in the current financial year, Sony said.
Total software sales for all consoles are expected to hit 240 million units.
All Sony’s fiscal ’08 news can be found here.