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Sony console sales slow, software grows

Slowing hardware sales dragged down Sony's gaming sales for the second quarter of 2012 ended September 30. While the company said interest in PlayStation Vita partially made up for losses for PlayStation 3 and PlayStation Portable, it has revised its total projected portable hardware sales for fiscal year 2012 from 12 million to 10 million.

The company's game division brought in ¥148.2 billion ($1.85 billion) in the second quarter, down 14 percent when adjusted for inflation from ¥176 billion in the same period last year. Sony's games division maintained a slim operating income of ¥2.3 billion ($29 million), which is also down from last year's ¥3 billion.

While sales for PlayStation 2 and PS3 combined shrank from 4.9 million to 3.5 million from this period last year, PSP and Vita sales declined just a bit from 1.7 million to 1.6 million. Software sales, on the other hand, enjoyed modest improvements: 41.4 million PS2 and PS3 games sold this quarter compared to 40.2 million last year, and PS Vita and PSP games sold 8.7 million copies, up from 8.2 million.

The company overall reported increased revenues and reduced operating losses, likely owing in large parts to restructuring and the planned reduction of its global workforce by 10,000 employees.

5 comments

  • ultimatepunchrod - November 2, 2012 5:55 a.m.

    I hope things really pick up for Sony. I don't want anyone else to lose their jobs obviously, but I also don't want MS to be the only player in the current gen game market as it looks like Nintendo will remain a step behind in terms of horsepower in order to rely on new forms of control input. I know there will be a PS4, but I'm just hoping the next gen is more kind to them than this one was.
  • RedTurtleMULISHA - November 1, 2012 6:31 p.m.

    So basically Sony consolidated. Of course they are going to see revenue gains when they don't have to pay 10,000 employees.
  • bass88 - November 1, 2012 12:15 p.m.

    "Buy a PS3 or we will kick a dolphin. Repeatedly." - SONY
  • FoxdenRacing - November 1, 2012 11:57 a.m.

    Saddening news, but hopefully it's merely a 'things will get worse before they get better' step in the process of turning the company around. This is my suggestion for all of game publishing, not necessarily just Sony, when it comes to the cancers eating several 'major player' companies from within: Step 1) Put your customers first, your developers second, your retailers third, and your investors fourth. Play the long game, and there will be plenty of profits for the investors. Step 2) Discover and treat the underlying issues, not the symptoms thereof. Step 3) Stop hiring executives from consumables industries. Gaming is a durable goods industry. Step 4) If you must hire non-gaming executives, hire from flexible companies which don't get wrapped up in hype. Step 5) There is no ??? Step 5.5 (Sony Specific)) Kaz has the potential to return the company to its 5th-gen 'hungry underdog' and 6th-gen 'redefined the industry' glory. Let him work. Do not meddle. Trust the Kaaaaaaaz Hiraaaai. Step 6) Return to profitability.
  • tichtat - November 1, 2012 11:52 a.m.

    Well, that sucks.

Showing 1-5 of 5 comments

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