Sony’s game Profits down 86.4% in Q3
Sony’s Q3 financial report is in and the firm did not do so well. The Company’s gaming division saw a decrease with a 15.1% drop in sales.
Game department sales decreased year-on-year from ¥316.1 billion to ¥268.5 billion – a drop of 15.1%
The decrease equates to a year-on-year dip in profit from ¥33.8 billion to ¥4.6 billion – a drop of 86.4%
The game department saw a 29.2 billion yen year-on-year decrease in operating cost to ¥4.6 billion / $53 million.
Sony has cited its purchase of Gaikai as a driving factor in what it hopes will be solid financials going into the next fiscal year.
The company cut its game department’s year-end projects to an undisclosed figure, thanks to low sales of PS3 and PSP.
Sony’s report adds that the problem stems from “lower sales of hardware and software
of the PlayStation 3 and PSP”, but that the dip was, “partially offset by the sales of the
PlayStation Vita since it launched in Japan December 2011.”