Posted on May 9, 2013 AT 05:24am
Sony managed to record an annual profit for the first time in five years and expects not to incur a major loss with the PlayStation 4′s launch, unlike with the PlayStation 3. So everything appears to be going well for once.
The company managed to record an annual profit of 43 billion yen ($458 million)–around what it expected. However in the game segment, sales were down 12.2 per cent and operating income down 94 per cent to $18 million–so not exactly brilliant.
“Sales are expected to increase significantly,” said Sony CFO Masaru Kato during today’s earnings call, “primarily due to the planned introduction of the PlayStation 4 in the fiscal year ending 31st March 2014.” However, ”operating income is expected to be essentially flat year-on-year primarily due to an increase in research and development expenses and marketing expenses related to the introduction of the PS4, offset by the impact of the above-mentioned increase in sales.”
Kato also added that the company isn’t planning on incurring a major loss with the launch of PlayStation 4, unlike with the PlayStation 3′s launch. ”Unlike PS3, we are not planning a major loss to be incurred with the launch of PS4,” he said.
“At the time we developed PS3, we made a lot of in-house investments to develop the chip, the Cell chip. Development of the chip saw the silicon processing and all the facilities invested by us ourselves. But this time, yes we have a team working on chip development, but we already have existing technology to incorporate and also product investment and all the facilities will now be invested by our partners, other foundries, so we don’t have to make all the investment in-house.”
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