Sony's FY13 results highlight declining sales as it prepares for PS4

Sony Corporation has unveiled its results for FY13, revealing a decline in sales for PlayStation 3 and the continued struggling performance of PlayStation Vita.

Overall sales for the Japanese giant landed at 707.1 billion yen, representing a year-on-year decrease of 12.2 per cent. Sony attributed much of the decline to sluggish sales of both PS3 and PlayStation Portable, which are now in their seventh and ninth years on the market, respectively.

Elsewhere, PS Vita also caused a few hiccups for the company, as low sales and the price cut in February negatively impacted the bottom line. However, losses were partially offset by foreign exchange rates.

PS3 and PS2 sold through a combined total of 16.5 million units during the fiscal year, while PSP and PS Vita shifted seven million. In total, the gaming division’s profit slumped from 29.3 billion in 2012 to 1.7 billion.

Said Sony: “Sales are expected to increase significantly primarily due to the planned introduction of the PlayStation®4 (“PS4TM”) in the fiscal year ending March 31, 2014.”

“Operating income is expected to be essentially flat year-on-year primarily due to an increase in research and development expenses and marketing expenses related to the introduction of the PS4, offset by the impact of the above-mentioned increase in sales.”

Sony has forecast a combined total of five million units sold for PS Vita and PSP for FY14. PS3 and PS2 are expected to flog 10 million between them.

Naturally, Sony is placing a lot its outlook on PS4, and this is where much of its success for the next year and beyond lies. The company did not however, divulge its sales estimates for the console regarding FY14.

PS4 is scheduled to ship in holiday 2013.

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