Sony unveils Q1 results, but how well did PS Vita sell?
- Posted August 2nd, 2012 at 05:58 EDT by Michael Harradence
Sony Corporation said today that its Game division posted a year-on-year overall sales loss of 14.5 per cent during its first financial quarter.
The electronics giant attributed the decline to “lower sales of hardware and software of the PSP and PlayStation 3, partially offset by the contribution of the PlayStation Vita introduced from December 2011.”
Interestingly, PS Vita figures were conspicuously absent from the financial report, and were instead combined with its predecessor's numbers.
Sony revealed that PS2 and PS3 hardware figures reached 2.8 million for the period, down from last year’s 3.2 million. Software, meanwhile, was down from 2011’s 27.6 million to 20.1 million.
PSP and PS Vita turned in 1.4 million hardware sales, down from 1.8 million that PSP moved during the same period last year. 5.8 million units of software were pushed, again down from last year when PSP alone sold 6.6 million.
The Games division posted an overall operating loss of $45 million, a stark contrast to 2011 where the sector proved highly profitable for the company.
As a whole the three month period proved decidedly underwhelming, with revenue jumping by just 1.4 per cent year-on-year to $19,180 million. Operating income was down 77.2 per cent to $79 million.