Sony games division records $889m loss
Sony has said that sales in its Network Product and Services division, which includes the PlayStation business, were down 10.2 per cent for the full fiscal year ended March 2010, due to a decrease in PlayStation 2 and PSP sales. However, sales of the PlayStation 3 hardware were up during the year from 10.3 million units to 13 million, due to the launch of the new slim model. PSP sales were down from 14.1 million to 9.9 million, while 7.3 million PlayStation 2 units were sold in 2010, compared to 7.9 million the previous year.
The division recorded an operating loss of ¥83.1 billion ($889.1m / £597.3m), down ¥4.4 billion compared to last year. While PSP and PS3 hardware sales were down, this was offset by cost reductions on the PS3 hardware, increased software sales and improved profitability from Walkman digital music players.
http://www.gamesindustry.biz/article...s-USD889m-loss
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