Sony expects game business to be profitable this year
SCE's Andrew House optimistic about PlayStation line's performance heading into holiday season
At the Tokyo Game Show today, SCE president and CEO Andrew House told Reuters, "I think we will be profitable this year. We have a growing installed base, growing connectivity of the PS3."
If House's prediction is to come true, the PlayStation business has a bit of ground to make up. In August, Sony announced that its fiscal first quarter (three months ended June 30) saw the company's Game division post an operating loss of $45 million. For the fiscal year ended March 31, Sony's Game division posted operating profits of ¥29 billion ($370m/£229m); House declined to tell the news service if that number would be improved upon.
Sony's latest gaming push was unveiled this week at the Tokyo Game Show. The company announced a second redesign of the PlayStation 3, as well as new colored variants of its PlayStation Vita hardware.