Digital Spy

Search Digital Spy
7

Gaming News

PlayStation division posts losses, PS3, Vita sales lower than expected

By
Sony's PlayStation division has posted increased losses after lower than expected PS3 and Vita sales.

Overall, Sony posted first quarter revenues of 1.7 trillion yen (£11.3 billion / $17.2 billion) and profits of 3.5 billion yen (£23.4 million / $35.6 million), thanks to favourable exchange rates and increased smartphone sales.

PlayStation 3 DualShock controller

© Sony

PS3 sales were lower than expected



The firm's gaming division, however, posted operating losses of 14.8 billion yen (£98.7 million / $150.1 million) - compared to 3.5 billion yen (£23.3 million / $35.5 million) during the same period in 2012 - and flat revenues of 117.9 billion yen (£789.2 millon / $1.2 billion).

The increased operating losses have been attributed to research and development of the PS4, and declining PS3 and Vita sales.

The firm had originally forecast combined PS3/PS2 sales of 10 million for the entire year, but has so far only managed to shift 1.1 million.

Likewise, Sony has forecast 5 million Vita sales, but only managed to sell 600,000 in the three-month period ending June 30.

PlayStation Vita

© Sony

The Vita sold 600,000 units in Q1.



Despite warnings that operating costs will continue to deteriorate, the company hopes to turn its gaming business around with the release of the PS4.

The PS4 will be available this holiday season for $399 (£349), alongside Killzone: Shadow Fall, Drive Club and Knack.

Sony has reportedly imposed a UK-wide pre-order limit on the PlayStation 4.

> Xbox One, PS4: Hands-on impressions of the new controllers

Watch a developer diary for PS4 launch title Killzone: Shadow Fall below:

You May Like

Comments

Loading...