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FEATURED VOXPOP oblivion437     In all the talk of graphical downgrades no one seems much preoccupied with 'why?'.  Why build something and then proceed to tear it down, piece by piece, in the hope that ever more diminished expectations about the final product won't be severe enough to...

GAMING NEWS

Sony Posts $2 Billion Net Income Loss

Posted on Thursday, February 2 @ 13:00:43 Eastern by


Sony has disclosed its consolidated results for the third quarter ending in Dec. 31, 2011, and the numbers don't bode well for the company overall.

Compared to the results in 2010 for the same quarter, they have had a 17% decrease in sales and operating revenue. Whereas they boasted a net income of $72 Million for the same quarter last year, they're now in the red by $159 Million, contributing to an overall loss of $2 Billion so far for the financial year of 2011.

On the upside, however, 6.5 million PS3s were shipped beween October and December 2011 along with 66.2 million units of software. Sony's gaming division is one of the company's most profitable devisions, which certainly contributed to Kaz Hirai being named as the new CEO for Sony this week.
Tags:   Sony, PS3
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