PlayStation 4 Sales Zoom To 13.5 Million Units, Sony Posts Net Loss Anyway
It's a good thing Sony's PlayStation 4 game console is selling so well, because if it weren't, the company would find itself posting an even bigger loss for its fiscal second quarter ended September 30, 2014. As it stands, Sony reported a $1.25 billion net loss for the quarter and is on pace to lose a whopping $2.1 billion for the year -- ouch!
On the bright side, Sony sold 3.3 million PS4 consoles during the quarter, which bumps the total number to date to 13.5 million units. Combined with 800,000 PlayStation 3 console sales in the same quarter, Sony's Game & Network Services division saw an 83 percent year-on-year rise in revenues to $2.77 billion.
"This significant increase was primarily due to the contribution from PS4 hardware sales, a significant increase in network services revenue related to the introduction of the PS4 and the contribution from PS4 software sales, partially offset by a decrease in PlayStation 3 ('PS3') hardware and PS3 software sales," Sony said.
Nevertheless, it was an overall tough quarter for Sony, part of which is due to a $1.58 billion impairment charge the company took on its mobile division. Going forward, Sony lowered its smartphone shipment forecast to 41 million units, down from a forecast of 41 million units in July.
On the bright side, Sony sold 3.3 million PS4 consoles during the quarter, which bumps the total number to date to 13.5 million units. Combined with 800,000 PlayStation 3 console sales in the same quarter, Sony's Game & Network Services division saw an 83 percent year-on-year rise in revenues to $2.77 billion.
"This significant increase was primarily due to the contribution from PS4 hardware sales, a significant increase in network services revenue related to the introduction of the PS4 and the contribution from PS4 software sales, partially offset by a decrease in PlayStation 3 ('PS3') hardware and PS3 software sales," Sony said.
Nevertheless, it was an overall tough quarter for Sony, part of which is due to a $1.58 billion impairment charge the company took on its mobile division. Going forward, Sony lowered its smartphone shipment forecast to 41 million units, down from a forecast of 41 million units in July.
