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FEATURED VOXPOP oblivion437
I Don't Want to, but I Have To...
By oblivion437
Posted on 10/20/14
Well, Gamergate has spilled over into the mainstream media and the coverage appears to be nearly uniformly dreadful. Take " What is Gamergate, and What Does It Say About Gender In Video Games? " by David Konnow as an example.  It appears that the writer has done little to no...

GAMING NEWS

Sony Suffers Net Loss In Q2, Lowers Fiscal Year Projections

Posted on Thursday, October 31 @ 07:18:49 Eastern by Alex_Osborn


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]
Tags:   PS4, Sony
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