Items tagged with PSV
For years, Sony's game division has been one of the major revenue earners at the beleaguered company; in 2011 gaming provided more operating income than any other division. That leg was rudely kicked out from under the company this past quarter; Sony's gaming revenue fell 17% while operating income dropped by 86%. Yearly sales for the PS2 and PS3 are now projected at 6.8 million units, down from the 7.4M devices the company moved in 2011. The really ugly story, however, is in handhelds. Sony counted all of its PlayStation Vita sales as part of 2012, but only expects to move seven million PSPs and PlayStation Vita's by the end of the year. In FY 2011, Sony sold 6.8 million PSP's. That means Vita...
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Sony announced today that its upcoming PlayStation Vita, the updated handheld slated to replace the PSP, won't launch in the US or Europe until early 2012. That's a bit surprising considering that electronics sales seasonally slump in the first quarter. The company also stated that it has no plans to sell its television manufacturing business, despite losing money on that market segment for the past eight years straight. "Televisions are a core business for Sony and it would be unthinkable for us to shrink that business," executive deputy president Hirai said at the company's Tokyo head office. While it's true that TV's remain a high-visibility area for Sony products, the company has struggled...
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