Sony loses $350m in July-Sept 2011, PS3 Shipments Within 2m of X360 - News
by VGChartz Staff , posted on 02 November 2011 / 9,882 Views
Sony has announced its latest financial results for the three months to September 2011. After generating revenues of 1.49T Yen ($19.351b) in the June 2011 quarter, July to September revenues came to 1.575T Yen ($20.454b). Sony had lost 15.5b Yen ($201m) in the June quarter, with losses coming to 27b Yen ($350m) over July to September 2011. Given the loss in April-June 2011, Sony lost $551m in the current fiscal year to date.
Sony previously expected fiscal year revenue to reach 7.2T Yen ($92.88b) but now projects to reach 6.5T Yen ($83.85b) in revenue based on its performance to date. Sony now expects to lose 90b Yen ($1.167b) for the year to March 2012, compared to previously expecting a profit of 60b Yen ($770m) for the year - the company blames the ongoing collapse of the Euro and Dollar for much of its profitability miscues to date and for the rest of the fiscal year.
For the September quarter, Sony shipped 3.7 m PS3s, 1.7m PSPs, and 1.2m PS2s. Over the year from October 2010 to September 2011, Sony has shipped 13.9m PS3s, 8.8m PSPs, and 5.9m PS2s. In the year to September 2010, Sony had shipped 14.6m PS3s (the all time PS3 high), 8.3m PSPs, and 6.9m PS2s.
Sony previously projected to ship 15m PS3s, 6m PSPs, and 4m PS2s. The company still expects to meet those figures. Sony has still not issued a Vita forecast although traditional launch figures suggest Sony will ship 2-4m Vita systems in the year to March 2012, starting December 17, 2011 when the system launches in Japan. So far, PS3 is tracking 400,000 units behind the pace of the fiscal year to March 2011 when Sony shipped 5.9m PS3s from April to September 2010 and shipped 14.3m PS3s over the entire year, so the 15m figure may be difficult again even if PS3 is up slightly over the December 2010 quarter, which looks likely.
PSP is actually tracking ahead of its pace in April to September 2010 this year by about 800,000 units (3.5m vs. 2.7m), but should decline rapidly in both Japan (3DS, Vita) and the West (3DS, disinterest) over the December quarter and end up just above the 6m Sony has projected given a 2m-2.5m December quarter. PS2 is down to 2.6m in April to September 2011 from 3.1m in April to September 2010.
Through June, Sony had shipped 51.8m PS3s, 71.3m PSPs, and 152.3m PS2s globally. With the new figures, lifetime shipments are now 55.5m for PS3, 73m for PSP, and 153.5m for PS2.
As of September 2011, PS3 is 55.5m, with X360 which launched a year earlier in the US and Japan and nearly 18 months earlier in Europe, at 57.6m globally. With a strong December quarter, PS3 could overtake X360 globally, although it is much more likely in the March or June 2012 quarter. Through 20 quarters on the market, Microsoft had shipped 44.6m X360s, compared to Sony's 55.5m PS3s in the same time frame aligned from launch.
On a software basis, PS3 software shipments reached 37.1m, PSP software shipments reached 8.1m, and PS2 software shipments reached 2.8m for the September 2011 quarter. These figures bring total PS3 software shipments to 501.8m through September, compared to total PSP software shipments of 312.3m, and total PS2 software shipments of 1533.5m through September. Over the past year, 151.3m PS3 games have shipped for the 55.3m PS3 base, about 2.7 games purchased for the average PS3 user in the year. As recently as the year to March 2011, the average PS3 user bought three games - so it looks like PS3 software will top out at the level it is now - 150m - 160m units of software shipped in a year.
The PSP software market tallied 41.1m over the past year (the average PSP user bought 0.56 games), with PS2 software at 11.7m (7.6% of PS2 users bought a game in the past year, or the average PS2 user bought 0.076 games). These figures are important, as they combine for about 204m. Sony continues to expect flat software shipments from the March 2011 year across all of its platforms, about 210m, in the year ending March 2012 for its platforms - including Vita.
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Good numbers! I hope PS3 sell 100 million. It is possible with 10 years life cicle people?
I don0t know if anyone noticed, but the PS2 is still selling pretty high. 1.2ml in one quarter!! Best console ever. Period.
Damn they shipped a lot of PS3's
Some nice numbers and some scary ones.
Their TV division is in trouble. Sony is going to split that division into 3 and writeoff the bleeder. They are also going to buyout the Ericsson half of Sony-Ericsson for a $1Billion in cash. Just last year they re-bought a Cell chip factory from Toshiba for $600million. WIth all the writeoffs and buyouts you got to wonder how much cash sony have left on hand. Its a tough year to be a sony shareholder.
Sony has been having a hard time with the TV division, I actaully see them splitting off the division and then selling out to Samsung or LG. it would be nice to see Sony to get aggressive in the cell phone market the same way MS has been. Even if you don't succeed you atleast keep the pressure on Apple and Google. I wouldn't reccomend the stock either unless you were holding it as a possible merger and aquisition stock.
I'll say it.
PS4 R&D.
not bad at all
I think selling the vita at a price that results in a loss for them is going to hurt them next quarter too....hope their gamble pays off though.
its not though... some regions its selling at loss (US), while others its selling at profit (EU, Japan)
They should also make quite a profit off all the overpriced accessories for the Vita.
Sony need only ship another 2m or 1.3m to make 15m by yrs end unless i'm reading it wrong, and there almost guaranteed to sell 6 to 8m units through Nov. Dec months and adding that to the 8.8 vgc numbers have and that brings a total of 14-16m ww before yr.'s end.
its not impossible.
Tough times for a lot of companies, just need to weather the storm.
Nice shipment numbers but not profit numbers. It was expected though. Euro weakened about 13% against yen during last quarter.... Probably one of the reasons why Sony is launching Vita only in Japan this year. They have couple of months time to lower manufacturing costs and to wait if Euro/dollar would strenghten against yen.
PS3 overtakes the XBox 360 in total sales during 2012 and possibly beats the 360 to 65 million sales mark. Both the 360 and PS3 have been successful in terms of hardware and software sales.
More PS3 games shipped than on NES or Game Boy ! That's a milestone !
Only 2.1M in shipment against 360... but real active user base (more defective 360s) seems to give PS3 the lead (look at the year to date software total, for the first time the PS3 is ahaed of the 360... at least up to the release of MW3 which will give a big boost to the 360 software sales !)
batman!!
doesn't look bad but its certainly not good.
Loses $350 M?!
Where do you see 924 million??
100 million? What? It's at 55.5 atm, and has less than 4 years until it gets to the 10 year cycle, it's a distant possibility with the release of new gen looming around the corner.
@thelastsoldier : 924m? Failed!
its not 924 million..Jacob
