Sony cuts Q2 forecasts on back of poor game sales

Sony has revealed that lagging game sales and the less-than-stellar performance of its PlayStation Vita format at retail have resulted in the firm slashing its Q2 financial forecast.

The hardware giant originally forecast combined sales of 16 million for PS Vita and PlayStation Portable worldwide, though that figure was then reduced to 12 million. No sales breakdown for each format was given, however.

Now, the company expects a combined sell-through of 10 million units by March 31, 2013.

Elsewhere, PlayStation 3 and PlayStation 2 projections sit at 16 million, though software sales declined by 15.8 per cent year-on-year.

Overall, Sony posted a financial loss of 15.5 billion yen ($198 million) though nonetheless the figure still represents an improvement over last year’s 27 billion yen. A major contributing factor is sure to be the fact PS3 is no longer selling at a loss for the console maker.

Stay tuned to PSU.com for more details.

Source

----
related articles

Comments

Related Content

Share With Your Friends!

The Facebook Platform

Connect to PSU's social reader to share articles and see what your friends are reading. [ More info ]

Related information

  • Related game: PlayStation 3

    Release date (US):
    November 17th, 2006
    Developer:
    SCE
    Genre:
    Misc - Hardware
    Rank:
    3 of 2,587 Games
    Up 0 places (in last 7 days)

Related images

RSS feed

Forum discussions

More

6,189,692 Posts | 190,349 members