Sony Q1 results: PS3, PSP sales are down

Sony Corp. has recorded significant losses for the Q1 period in its Network Product and Services division, with sales of both PlayStation 3 and PlayStation Portable hardware down compared to the same period last year.

The Japanese console manufacturer shifted 1.1 million PS3 and 1.3 million PSP units for the quarter, compared to last year, where the firm sold through approximately 1.6 million PS3’s and 3.6 million PSP’s. PS2 managed to sell 1.6 million units during the Q1 period.

Meanwhile, the company’s PlayStation sector (which includes Viao PCs) recorded a year-on-year loss of 37.4 percent, which the firm attributes to “lower game and Vaio PC sales.”

Operating loss for the three months ended June 30 totalled JPY 39.7 billion (USD 414 million) "mainly due to a deterioration in profitability in the game and Vaio PC business."

Overall, Sony filed an operating loss of JPY 25.7 billion (USD 268 million), down from last year’s profit of JPY 73.4. Net loss totalled JPY 37.1 billion compared to a profit of JPY 35 billion last year.