PS4 development costs eats into PlayStation profit
In the three months ended June 30, the games unit generated sales of 118 billion yen (£789m / 1.2bn) - essentially flat when compared to the same quarter last year.
Sony said this figure was reached by a mixture of slowing hardware sales and an uptake in software. Unit sales of PS3, PSP, and PS2 hardware all fell (Sony neglected to mention Vita here), but this loss was offset by the favourable impact of foreign exchange rates and increased game sales.
The company bundled together PS3 and PS2 in its home console sales figures, and Vita and PSP in its handheld numbers. Combined PS3 and PS2 hardware sales came in at 1.1 million for the quarter, compared to 2.8 million a year earlier, while combined Vita and PSP sales totalled 600,000, down from 1.4 million.
Software sales for all platforms hit 64 million units - up from 43 million a year earlier.
However, the PlayStation division's operating losses increased by 11 billion yen (£75m / $114m) to reach about 15 billion yen (£99m / $150m) - a significant rise that squeezed profit margins.
Sony said the increase was primarily due to research and development costs related to PS4.
The corporation's full-year forecast for PlayStation hardware and software sales remains unchanged from its May outlook. It expects to shift a combined total of ten million PS3 and PS2 units, five million portable systems, and 319 million games.
As a whole, the wider company's revenues were up 13 per cent year-on-year to 1712.7 billion yen (£11.5b / $17.3b), helping it swing from a loss of 24.6 billion yen (£165m / $250m) to a profit of 3.5 billion yen (£23m / $35m).
Posted:
Related Forum: PlayStation Forum
Source: http://www.computerandvideogames.com/421934/playstation-losses-jump-on-ps4-rd-costs/
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Comments
chris11854Posted:
G9H-Examples Well at least we know they weren't planning on cheating us and stealing our money!
If you are trying to say that Microsoft cheat and steal then you are wrong. Saying stuff like this causes flame wars.
If you think for one second that Microsoft is not stealing your money then you're retarded..
IlcamorristaPosted:
-Examples Well at least we know they weren't planning on cheating us and stealing our money!
If you are trying to say that Microsoft cheat and steal then you are wrong. Saying stuff like this causes flame wars.
IlcamorristaPosted:
WinkDead-Pool This is why ps4 is better. They will cut into their own profits to make the players happy.
Very true. Xbox is so greedy.
That's true but not always. Xbox listen also.
WinkPosted:
Dead-Pool This is why ps4 is better. They will cut into their own profits to make the players happy.
Very true. Xbox is so greedy.
FilmRiotPosted:
This is why ps4 is better. They will cut into their own profits to make the players happy.
james938Posted:
OmittingCoder Raise the price of the Ps4 to $500 You'll make a profit.
Who would ask for a price increase . Lol were not all rich. Wish it was 0.01 p
neboPosted:
Parecy Foolish company right there...
Don't be a hypocrite. I saw a news post by you telling a sony fanboy to "go back to the ps4 section" if you're going to tell him to stop hating on a certain company, you shouldn't do it either.
LeapPosted:
E-TParecy Foolish company right there...
the best
Not the best but deffinetly one of the best.
IlIuminatiPosted:
CHP well then they should rethink their strategy.
I know they spent way to much moeny
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