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).
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Related Forum: PlayStation Forum
Source: http://www.computerandvideogames.com/421934/playstation-losses-jump-on-ps4-rd-costs/
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Comments
TomoyoPosted:
ShadowBoltDashieJakestonMortar I think that this is a good thing as it shows that Sony are putting in the effort to make a great console.
The effort is there but sadly no profit is being made. Haha. Breaks my heart.
They'll come around soon. I feel Sony and Microsoft will be neck and neck once again and then one side will speed past the other one.
Sony may be losing money to make a great console, but their pre-order sales are doing nothing short of great in major retail stores. Regardless I hope that the Xbox One does better in sales.
TaigaAisakaPosted:
JakestonMortar I think that this is a good thing as it shows that Sony are putting in the effort to make a great console.
The effort is there but sadly no profit is being made. Haha. Breaks my heart.
They'll come around soon. I feel Sony and Microsoft will be neck and neck once again and then one side will speed past the other one.
SahvidgePosted:
Mortar I think that this is a good thing as it shows that Sony are putting in the effort to make a great console.
The effort is there but sadly no profit is being made. Haha. Breaks my heart.
IlIuminatiPosted:
Tac-45 Next-Gen Consoles are gonna be Sweet.
#TeamXboxOne
Then why would you open a PS4 news thread? lol wut
IlIuminatiPosted:
Mortar I think that this is a good thing as it shows that Sony are putting in the effort to make a great console.
umm its good that they are not making a profit? what?
MortarPosted:
I think that this is a good thing as it shows that Sony are putting in the effort to make a great console.
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