Sony Sees Dismal Q1 Financial Results, Refuses To Reveal PS Vita Sales

Posted by: Ernice Gilbert August 2, 2012 in News, PS Vita, PS3, Sony 3 Comments

Yesterday, Sony posted its first quarter (Q1) results, and to put it bluntly, the firm’s latest performance does not bode well for shareholders. In fact the numbers were so disappointing that Sony opted not to release PS Vita sales figures.

Sales in the firm’s games sector saw a 14.5 percent year-on-year drop, amounting to a loss of 3.5 billion yen ($44.66 million), compared to a 4.1 billion yen profit the year prior.

So why did Sony refuse to reveal PS Vita sales? Considering the flailing handheld, coupled with PSP, moved less units than PSP did last year, it’s no wonder Sony’s ashamed of the latest numbers.

Combined hardware sales stood at 1.4 million, down from last year’s 1.8 million. Software also saw a decrease from 6.6 million to 5.8 million.

Combined PS3 and PS2 sales saw a decrease of 400,000 units to 2.8 million, and software fell from 27.6 million to 20.1 million.

In light of the poor numbers, Sony has lowered its for the fiscal year ending March 30th, 2013, expecting a “significant decrease” in operating income. The firm also scaled back its original sales projection for PS Vita and PSP from 16 million to 12 million. Sony expects “flat” year-on-year sales.

http://www.starblindgames.com Christos Chatzisavvas

That’s a shame, but I suppose when fall comes, Vita will get a big boost with all the cross-play and exclusive games coming out!
http://www.gamesthirst.com Ernice Gilbert

Yeah, hopefully. Call of Duty and AC should help.
nick

gotta love $ony!
were very happy with how the vita is selling it has been too expectations.
right, so thats why you refuse to reveal sales numbers?
sigh.
only $ony would sell you a outhouse and tell you its the sixteenth chapel!