Sony Suffers Net Loss In Q2, Lowers Fiscal Year Projections

Sony has released its financials for this past quarter, posting a net loss of 19.3 billion yen, approximately $197 million. This actually marks a whopping 24.5 percent increase in net loss when compared to last year.

As such, the company has had a bit of adjusting to do when it comes to its year-long financial forecast, lowering it a solid 40 percent, bringing it down to 30 billion yen ($305 million).

On the PlayStation side, things (fortunately) don't look all that dire, with revenue getting a 5.1 percent boost to 55.7 billion yen ($1.59 billion) versus last year. While sales figures for PS3, PS2, and PSP all saw a decline this past quarter, PS3 software sales saw a nice bump. 

It will be interesting to see how the launch of the PlayStation 4 affects Sony as a whole. That November 15th launch date is drawing awfully close!

[Sony, via Joystiq]