X

REGISTER TO CUSTOMIZE
YOUR NEWS AND GET ALERTS
ON your favorite games

Click the box below to confirm you are over 13, not a robot, and agree to our Privacy Policy & Terms and Conditions
No thanks, take me to EGMNOW
X
Customize your news
for instant alerts on
your favorite games
Register below
(it only takes seconds)
Click the box below to confirm you are over 13, not a robot, and agree to our Privacy Policy & Terms and Conditions


X
X


 

Sony’s been cash-strapped for a quite a while now, and judging by their latest quarterly report, things won’t be looking up for them anytime soon. With their financial losses leading to corporate pay cuts, executive shuffles, and attempts to sell off their expensive New York skyscraper headquarters, they’re now starting their 2012 fiscal year $312 million in the hole.

It’s not just the PlayStation either, as Sony’s film, TV, and phone divisions are also losing money.

According to their April 2012-June 2012 filings, only Sony’s camera and music divisions made a profit at all, which is likely supported by the fact that Sony Music Entertainment bought music publishing group EMI earlier this year—plus, Sony’s camera line is still one of the top-quality brands in the market.

Sony’s PlayStation division didn’t help matter much, though, suffering a $45 million loss (a 14.5 percent drop from Q1 2011) thanks to lackluster PlayStation Vita sales, along with sluggish PS3 and PSP sales.

Right now, the company’s best performer is actually their mobile division, which houses their smartphones, tablets, and popular Xperia line. In Q1 2012 alone, Sony Mobile did $3.6 billion in sales (more than double their Q1 2011 mark), despite losing $356 million in the bargain from poor PC sales.

Still, not all great news for Sony. It’s too bad they don’t have any new gaming consoles on the horizon to boost sales next year, although the company still has plenty of revenue streams float through until then.

Source: Sony

0   POINTS
0   POINTS


Sony Loses $312 Million To Start Off 2012, PlayStation Loses $45 Million

Sony's been cash-strapped for a quite a while now, and judging by their latest quarterly report, things won't be looking up for them anytime soon.

By EGM Staff | 08/2/2012 01:58 PM PT

News

Sony’s been cash-strapped for a quite a while now, and judging by their latest quarterly report, things won’t be looking up for them anytime soon. With their financial losses leading to corporate pay cuts, executive shuffles, and attempts to sell off their expensive New York skyscraper headquarters, they’re now starting their 2012 fiscal year $312 million in the hole.

It’s not just the PlayStation either, as Sony’s film, TV, and phone divisions are also losing money.

According to their April 2012-June 2012 filings, only Sony’s camera and music divisions made a profit at all, which is likely supported by the fact that Sony Music Entertainment bought music publishing group EMI earlier this year—plus, Sony’s camera line is still one of the top-quality brands in the market.

Sony’s PlayStation division didn’t help matter much, though, suffering a $45 million loss (a 14.5 percent drop from Q1 2011) thanks to lackluster PlayStation Vita sales, along with sluggish PS3 and PSP sales.

Right now, the company’s best performer is actually their mobile division, which houses their smartphones, tablets, and popular Xperia line. In Q1 2012 alone, Sony Mobile did $3.6 billion in sales (more than double their Q1 2011 mark), despite losing $356 million in the bargain from poor PC sales.

Still, not all great news for Sony. It’s too bad they don’t have any new gaming consoles on the horizon to boost sales next year, although the company still has plenty of revenue streams float through until then.

Source: Sony

0   POINTS
0   POINTS