Sony Loses More Than $1.2B in Latest Quarter, 3.3M PlayStation 4s Shipped, 800K PS3s Shipped - NewsWilliam D'Angelo , posted on 31 October 2014 / 10,848 Views
Sony has released its sales report for their second fiscal quarter. Revenue increased seven percent to ¥1.9 trillion ($17 billion). Losses increased six fold to ¥136 billion overall ($1.22 billion), from ¥19.6 billion ($177.3 million) during the same period a year ago.
The PlayStation 4 continues to be a success for Sony, which has seen several divisions continue to lose money. Sony shipped 3.3 million PlayStation 4s during the quarter, which helped increase the Game and Network Services division 83 percent to ¥309.5 billion ($2.77 billion). A year ago the division posted a loss, while this quarter it turned a profit of ¥21.8 billion ($195.5 million).
Sony also shipped 800,000 PlayStation 3s during the quarter. Sony also shipped a combined 700,000 units for the PlayStation Vita, PSP, and PlayStation TV. That is down by 100,000 when compared to a year ago.
Sony's forecast for the entire fiscal year remains the same. Sony expects revenue of ¥7.8 trillion revenue ($70.5 billion) and a loss of ¥230 billion ($2 billion). However, Sony increased its expectations for the Game and Network Services division. Revenue is expected to make ¥50 billion more than it did before to ¥1.29 trillion ($11.7 billion). Profits were also increased ¥10 billion to ¥35 billion ($316.5 million).
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at email@example.com or on Twitter @TrunksWD.