Playstation Brand Revenue Falls

Sony has moved back into profit for the first time in five years despite a significant drop in revenue from its games business.
Sales and operating revenue for Sony’s games business decreased 12.2 per cent year-on-year to £4.5 billion ($7bn).

Operating income for the sector decreased by £180 million ($280m) to nearly £12million ($18m), which Sony blamed on declining hardware sales of PS3, Vita and PSP hardware and the impact of a price reduction on the Vita in Japan which took place February.
The console giant said the drop in revenue was due to a decrease in sales for PS3, Vita and PSP hardware.
During the last financial year, Sony sold 16.5 million PS3 and PS2 consoles, down 1.5 million from the year prior. The firm also sold seven million handheld systems, down just 200,000 from the year before.

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