PS2 News: Sony's 3rd Quarter Results - PS2 News

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Sony's 3rd Quarter Results

Sony Corp. has released consolidated financial results from its third quarter, which ended December 31, 2003. Sales and operating revenue in the period grew 7.0 percent to 2.323 trillion yen (approximately $22.01 billion U.S.), versus the 2.307 billion yen (approximately $21.86 billion U.S.) recorded in the same quarter one year earlier. Quarterly net income was 92.6 billion yen (approximately $877.45 million U.S.), an over 26.0 percent drop from the 125.4 billion yen (approximately $1.19 billion U.S.) it posted in last year’s third quarter.

Sales and operating revenue in Sony’s Game division tumbled 4.5 percent in the quarter, to 367.0 billion yen (approximately $3.48 billion U.S.), from last year’s 384.1 billion yen (approximately $3.64 billion U.S.). Operating income also fell in the division in year-over-year results, to 70.5 billion yen (approximately $668.1 million U.S.), from 71.7 billion yen (approximately $679.43 million U.S.).

Sony noted that PlayStation 2 hardware unit sales actually increased in Japan, the U.S. and Europe, but revenue decreased due to price reductions. Software-wise, overall unit sales set a record in the quarter, with a drop in PS one software sales more than offset by a gain in PS2 software sales.

Sony shipped 6.83 million PS2 hardware units in the quarter, a drop of 1.2 million from a year-ago, and 1.02 million PS one hardware units, a drop of 2.0 million units.

104.0 million software units for the PS2 were shipped in the three month period, a gain of 25.0 million units, while PS one software shipments slipped to 10.0 million units, from 22.0 million a year earlier.

1/28/2004 Aaron Thomas

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