Sony Reports 1 Billion USD Annual Loss
Posted by XanTium | 14-5-2009 22:10 EST
Sony Corporation has reported a 98.9 billion yen ($1 billion/£685 million) loss for the financial year ended March 31, 2009.
Game division sales were down 18 percent to 1053.1 billion yen ($11 billion/£7.3 billion), primarily due to "the impact of the appreciation of the yen and a decrease in unit sales of PS2."
However, the segment's operating losses more than halved from 124 billion yen to 58.5 billion yen ($612.4 million/£404.6 million), due largely to PS3 hardware cost reductions and increased sales of PS3 software.
10.06 million PS3 consoles were sold during the year, representing a ten percent increase. PSP sales increased from 13.81 million to 14.11 million, while PS2 sales decreased from 13.66 million units to 7.91 million.
Full Story: edge-online.com