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Finance

Sony games division records $564m profit

Thu 03 Feb 2011 7:32am GMT / 2:32am EST / 11:32pm PST
FinancePublishing

PlayStation 3 hardware sales reach 6.5 million in Q3, software sales up to 57.6 million units

Sony Computer Entertainment

Sony Computer Entertainment is a Japanese videogame company specialising in a variety of areas in the...

playstation.com

Sony's Networked Products and Services division has reported an operating profit of 45.7 billion ($564m / 348m) for the third quarter ended December 31, off the back of higher sales of PlayStation software and cost reductions on PS3 hardware.

Sales decreased slightly by 6.4 per cent year-on-year to 566.6 billion ($6.995m / 4.318m) for the three months.

During the quarter Sony sold 6.3 million PlayStation 3 units worldwide - slightly down on the 6.5 million it sold in the comparable quarter - bringing financial year to date numbers to 15 million. Sales this year have already outpaced the last full financial year sales of 13 million.

There were 3.6 million PlayStation Portable units sold during the three months, down from 4.2 the previous year, bringing financial year to date numbers to 8 million. PlayStation 2 hardware sales were 2.1 million, the same as Q3 2009.

PlayStation 3 game sales were up significantly by 10 million units, from 47.6 million to 57.6 million, while PSP software also rose to 16.5 million, from 15 million last year. PS2 game sales fell from 11.2 million units to 5.3 million.

Overall the Sony corporation reported a net profit of 72.3 billion ($885.7 m), down due to the strong yen and poor margins on televisions. Sales were down 1.7 per cent to 1.98 trillion.

9 Comments

Terence Gage Freelance writer

1,288 120 0.1
I am consistently amazed that the PS2 is still selling in its millions. It will 11 this year, won't it?

Also, have they released up-to-date sales figures for the PS3 yet? I was interested to see how it was going, seeing as the 360 just passed 50 million units a few weeks ago when previously the two had been very close to one another.

Posted:3 years ago

#1

Zan Toplisek

44 16 0.4
@ Terence: They say it's at 47.9 million

Posted:3 years ago

#2

Christopher Goodno Studying Computer Sciences, University of Maryland

12 1 0.1
@Terence: It's actually much better than I thought it would be

http://www.neogaf.com/forum/showthread.p...

Posted:3 years ago

#3
who the hell are buying all those ps2's :P
i was also quite surprised to see just how important sony's game division is to the company's overall profits.
i would be surprised if hardware sales fr the ps3 didn't take a significant boost, i mean the amount of AAA titles coming (especially exclusives) is huge.

Posted:3 years ago

#4

Private Industry

1,176 182 0.2
"Only" 2 million PS2`s in one quarter? Don`t know but those sales could be regions like southern america where current gen consoles are crazy expensive.

What exactly is part of that division, if it would be only Playstation that would be SCE.

Probably this year they will end up again with a lose once the NGP launches and the R&D costs come into play.

Posted:3 years ago

#5

Haven Tso Web-based Game Reviewer

255 8 0.0
The thing is PS2 nowadays are so cheap that maybe a lot of parents are buying them as intro consoles for their kids. There are still a lot of software available for them in the shops. Last I saw when it was on sale, PS2 was selling at AU$99, the same price for a PS3 game. So probably why they are still selling well.

Posted:3 years ago

#6

Rachel Patterson Studying Graduate Entry Medicine, University of Nottingham

12 0 0.0
I work at Gamestation and PS2 is still very popular, though Game have closed our retro floor and less and less focus is placed on these. The consoles are bought and traded all the time, and the games are still a major part of our second hand business, as someone will only get around 20p for them but they sell anywhere from 99p to 9.99. Many of them are still really good and worth playing, very cheap and can be played on a cheap console (30) - it's an easy way to keep the kids occupied, and also appeals to people going back to older games. We don't get any non-preowned PS2 games anymore though, not sure where Sony are selling these.

Posted:3 years ago

#7

Andrew McFain Journalist

14 1 0.1
Funny that Sony has been going crazy about how the hacking scene is damaging game sales, yet they're reporting huge profits in their games division.

Posted:3 years ago

#8

Jim Webb Executive Editor/Community Director, E-mpire Ltd. Co.

2,271 2,440 1.1
Werner Nemetz:
"What exactly is part of that division, if it would be only Playstation that would be SCE. "

-------

It includes SCE, the Vaio product line, mobile products (like Walkman), Sony Media Software and Services and some other smaller stuff too.

Posted:3 years ago

#9

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