November 02, 2011 at 8.20am
Losses for Sony's PlayStation division
Sony Corporation's Consumer Products and Services division, which includes its PlayStation business, posted an operating loss of ¥34.6 billion (£277.6 million) in the three months to September 30.
The division, which also includes Sony's TV, video, digital imaging, PC and mobile businesses, saw sales revenue fall 12.3 per cent year on year to ¥779.7 billion (£6.2 billion), after posting a billion-yen profit this time last year. In a statement, Sony pinned the decline on the PS3 price cut, declining PC and TV sales, and the strength of the yen.
Across the business as a whole, revenue was ¥1,575 billion (£12.6 billion), a decline of 9.1 per cent, and the company slipped from last year's ¥31.1 billion profit to a loss of ¥27 billion (£216.6 million). Sony has lowered its forecasts for the year ending March 31, and now expects a loss of ¥90 billion (£722 million).
Source: Sony
