wraggster
February 7th, 2013, 20:56
PlayStation Vita forecasts cut, but electronics giant is pulling out of financial dive
Sony’s PlayStation business has declined 15 per cent year-on-year, while the electronics maker continues its effort to cut its losses across its entire corporation.
PlayStation sales decreased 15.1 per cent year-on-year to 268.5 billion yen ($3,086 million) for the period October to December 2012, due to significantly lower sales of PS3 and PSP hardware. Operating income decreased 29.2 billion yen year-on-year to 4.6 billion yen ($53m).
This was partially offset by the sales of its new handheld system, PlayStation Vita, introduced in December 2011. But as a result of the “slow penetration”, Sony has now amended its forecasted sales since its November 2012 report. It now expects sales and operating income to decrease significantly year-on-year.
“In the game business, Sony is working to expand sales and operating income through the introduction of an attractive software line-up and through offering game software on mobile devices, including smartphones and tablets,” said Sony in its quarterly report (http://www.sony.net/SonyInfo/IR/financial/fr/12q3_sony.pdf).
Sony’s games division is looking leaner following the closure of three of its first-party studios, Bigbig, Zipper Interactive (http://www.develop-online.net/news/39460/Sony-closes-and-restructures-UK-studios) and Studio Liverpool (http://www.develop-online.net/news/41781/Sony-closes-Liverpool-studio). The latter was one of the oldest games studios in the UK (http://www.develop-online.net/features/1696/A-Brief-History-Sony-Studio-Liverpool), having been founded as Psygnosis in 1984. All of the aforementioned studios developed their swansong titles for the PS Vita.
http://www.develop-online.net/news/43207/PlayStation-division-sees-sales-dip
Sony’s PlayStation business has declined 15 per cent year-on-year, while the electronics maker continues its effort to cut its losses across its entire corporation.
PlayStation sales decreased 15.1 per cent year-on-year to 268.5 billion yen ($3,086 million) for the period October to December 2012, due to significantly lower sales of PS3 and PSP hardware. Operating income decreased 29.2 billion yen year-on-year to 4.6 billion yen ($53m).
This was partially offset by the sales of its new handheld system, PlayStation Vita, introduced in December 2011. But as a result of the “slow penetration”, Sony has now amended its forecasted sales since its November 2012 report. It now expects sales and operating income to decrease significantly year-on-year.
“In the game business, Sony is working to expand sales and operating income through the introduction of an attractive software line-up and through offering game software on mobile devices, including smartphones and tablets,” said Sony in its quarterly report (http://www.sony.net/SonyInfo/IR/financial/fr/12q3_sony.pdf).
Sony’s games division is looking leaner following the closure of three of its first-party studios, Bigbig, Zipper Interactive (http://www.develop-online.net/news/39460/Sony-closes-and-restructures-UK-studios) and Studio Liverpool (http://www.develop-online.net/news/41781/Sony-closes-Liverpool-studio). The latter was one of the oldest games studios in the UK (http://www.develop-online.net/features/1696/A-Brief-History-Sony-Studio-Liverpool), having been founded as Psygnosis in 1984. All of the aforementioned studios developed their swansong titles for the PS Vita.
http://www.develop-online.net/news/43207/PlayStation-division-sees-sales-dip