Difficult Times: Sony Posts $1.2 Billion Q3 Loss

ps3new1

Sony’s once again posted some difficult numbers in its Q3 results, reporting a loss of $1.2 billion for the quarter ending December 31st, 2011, laying blame on floods in Thailand as a major contributor to its problems, amongst other factors.

The firm brought in just $23,370 million in revenue for that time period, a year-on-year decrease of 17.4 percent.

The catalysts for the big losses was Sony’s Consumer Products & Services division of which Sony Computer Entertainment is a part. Said division brought in $12.8 billion in revenue, a decrease of 24.2 percent year-on-year decrease, hence the loss of $1.1 billion.

Thailand hosts many of Sony’s factories, and the floods which devastated the nation back in October of last year, severely crippled Sony’s supply chain, resulting in a company-wide losses. That coupled with a stronger yen, which makes Sony’s exports all the more expensive, factored into the poor results.

On the software front, PS3 sold 6.5 million units, which is a 200,000 leap from the same period in 2011. PSP, however, was down to 2.4 million units, a decline of 800,000 units. PlayStation 2 didn’t fare well, either: the console saw declines of past 900,000 units compared to the same time in 2011, down to 1.2 million on the 2.1 million it sold in the same period.

On the software front, PS3 sold 66.2 million units, an increase over last year’s 57.6 million, growing an amazing 13 percent. PSP sold 5.1 million less units compared to the year prior, when it sold 16.5 million, to 11.4 million this year.

PS2 continued its spiral downwards, selling just 2.5 million compared to 5.3 million in the same period last year.

Sony didn’t mention PS Vita in its Q3 results.

The firm also lowered its full year outlook for the twelve months ending March 31st to ¥6.4 trillion from ¥6.5 trillion.

You Might Also Like

SHARE THIS POST

  • Facebook
  • Twitter
  • Myspace
  • Google Buzz
  • Reddit
  • Stumnleupon
  • Delicious
  • Digg
  • Technorati
Author: Ernice Gilbert View all posts by
Ernice Gilbert here. Founder and Editor-In-Chief of Gamesthirst. Thanks for stopping by, make yourself at home!

8 Comments on "Difficult Times: Sony Posts $1.2 Billion Q3 Loss"

  1. nick February 3, 2012 at 3:25 am -

    i wonder why.

  2. Ernice Gilbert February 3, 2012 at 6:07 am -

    Because, times are rough!

  3. foxton February 3, 2012 at 8:08 am -

    i doubt the loss would of been down to playstation though.
    Sony are getting battered by competitors in other electrical markets, LG and samsung are totally destroying them in the TV market, and i guess other markets too

  4. nick February 3, 2012 at 9:35 am -

    no, because there selling Suzukis but charging for Ferraris!
    playstations the only brand within $ony that is doing allot better then it was the previous few years.
    bravia and especially $ony ericsson are in the red deeper then a M&M!
    $ony use to be up there with panasonic in their TV quality, now there being beaten by freaking LG!

  5. Ghost250 February 3, 2012 at 9:46 am -

    ^ psssshhhhh…… panasonic is garbage sorry to burst your bubble.

  6. foxton February 3, 2012 at 12:44 pm -

    LG are ok! and the only thing i have that is panasonic is my cinema system and the sound quality is unbelievable

  7. Ernice Gilbert February 3, 2012 at 1:53 pm -

    LG’s good. Panasonic’s suffering. They posted massive losses.

  8. nick February 4, 2012 at 9:11 am -

    LG is crap!
    always have been, especially when they tried to copy sharp by creating a 4th colour to their engines, white, to try create deeper colours but all it did was make everything look seriously washed out!

Leave A Response

You must be logged in to post a comment.