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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 $350 Million Net Loss in Q2 2011

Posted on Wednesday, November 2 @ 06:34:21 Eastern by


Sony has just announced its consolidated results for Q2 2011 ending in September 30, 2011. It claims that some of its losses are due to "unfavorable foreign exhange rates" and "the appreciation of the yen", but that probably doesn't mean much to the Sony's shareholders, who have lost approximately $350 million in net income. Sony also reports that their operating income has suffered a loss of $21 million in the same period.

As for the PlayStation 3, its figures are on the rise with the help of the lower priced PS3 slim model. Compared to last year for Q1 and Q2 combined, PS3 hardware sales have improved by about 600,000 units for a total of 5.5 million units and its software sales have shot up about 3.4 milllion units for a total of 63.5 million. Internationally in Q2, the PS3 has sold 1.4 more units than the Xbox 360, with 3.7 million units PS3s sales compared to only 2.3 Xbox 360s.

[Source]
Tags:   Sony, PS3
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