Sony's Game Business Drops 14.5%
As we always see from the NPD, gaming sales are just down, down, down in 2012.
Sony is experiencing that first-hand, as their first-quarter results saw an operating loss of ¥3.5 billion ($45 million). Revenue was down 14.5% due to lower hardware and software sales for the PlayStation 3 and PSP, as well as "the impact of unfavorable foreign exchange rates." Those pesky rates.
Combined sales of the PS3 and PS2 came in at 2.8 million, which is down from the 3.2 million posted during the same period last year. Combined portable sales (PSP and Vita) hit 1.4 million, down from 1.8 million in 2011. Software sales for PS2/PS3 was only at 20.1 million, which is a significant drop from the 27.6 million last year. Handheld software fell from 6.6 million to 5.8 million. And unfortunately, Sony doesn't expect an immediate turnaround.
They're now projecting "significantly lower" portable sales than expected, and operating income should fall, too. So maybe they do need a new generation to get people excited in the PlayStation brand again. Of course, a lack of huge exclusives doesn't really help; all the biggest ones on the horizon don't hit until 2013.
8/2/2012 10:07:00 AM Ben Dutka