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PlayStation division sales down, Vita target cut

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Sony’s PlayStation division has posted a disappointing set of results for its third financial quarter ended December 31, 2012.

As well as reporting a drop in revenue and operating income, the firm slashed its annual sales forecast for portable hardware from ten million units to seven million, noting that “the slow penetration of the Vita” has been recognised as a “particularly important” issue.

The company didn’t alter its previous guidance of 16 million home console sales for the full financial year ending March 31, 2013.

Revenue generated by the PlayStation business during the Christmas quarter fell 15 per cent year-on-year to 268.5 billion yen (£1.8b / $2.9b). Operating income also slumped, from 33.8 billion yen (£230m / $361m) the previous year to 4.6 billion yen (£31m / $49m). Sony attributed the declines to lower PS3 and PSP hardware and software sales.

Combined PS3 and PS2 sales totalled 6.8 million units during the quarter, down from 7.4 million a year earlier, while Vita and PSP sales rose from 2.4 million units last year to 2.7 million. Home console software sales fell from 68.7 million units to 61.7 million, while portable software sales declined from 11.4 million units to 8.9 million.

The platform holder said: “In the game business, Sony is working to expand sales and operating income through the introduction of an attractive software lineup and through offering game software on mobile devices, including smartphones and tablets.”

The company as a whole recorded a net loss in its third quarter, though it said it still expects to swing from a full year loss of 456.7 billion yen (£3.1b / $4.9b) for its last fiscal year to a net profit of 20 billion yen (£136m / $214m) for the current one.

Sony is expected to reveal PS4 at an event taking place on Wednesday February 20, which the company has teased will let gamers ”see the future".

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7 comments

  • sandplasma - February 8, 2013 7:15 a.m.

    I know Im alone in this but someone please remake Phantasy Star IV or give us a true sequel.
  • TheDudeFromNowhere - February 7, 2013 3:05 p.m.

    Still waiting for Legend of Dragoon 2....or maybe a new Final Fantasy Tactics....or why not hurry it up and bring Final Fantasy Type-0 over to NA.
  • robertpopovic - February 7, 2013 10:57 a.m.

    Hey, Persona 4 proved that bringing out old games in an updated form works, so bring on a remake of FF10, Shadow Hearts and whatnot!
  • shawksta - February 7, 2013 10:42 a.m.

    Sony, get it together and dont make it a MiniPS3, the bundles of 2 versions of games for 1 are good but you gotta appeal and make games that are meant for handheld experiences, like Gravity Rush, that was good and deserves praise. COD failed miserably and they didnt do Assassins creed decently either, the reason people are still sticking with their psp's is literally because of Monster Hunter, so get one on the Vita! The 3DS is already getting an updated Tri AND 4!
  • Redeater - February 7, 2013 8:57 a.m.

    Fuck Sony. No seriously, fuck Sony. They have the balls to blame the Vitas poor performance on things like "increase in mobile phone gaming". Cut the damn price on your proprietary cards and give me something other than the worst Uncharted and a very small handful of good game and I'll be the first one in line. Hell, just get more support from developers to republish PS2 games like FF10 . In fact, throw Dragon Quest 8 on there and you can just shut up and take my money right now.
  • TheDudeFromNowhere - February 7, 2013 3:04 p.m.

    Lol, except for the *&^% Sony part, I agree.

Showing 1-7 of 7 comments

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