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Sony expects further game losses in 07/08

Sony vice president Takao Yuhara has predicted the company's games division will see losses of around JPY 50 billion (EUR 305 million) for the year ended March 2008.

Matt Martin avatar
News by Matt Martin Contributor
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Sony expects its games division to continue to make a loss in the financial year ending March 2008.

Senior vice president Takao Yuhara has forecast an operating loss of around JPY 50 billion (EUR 305 m), reports Reuters.

However the figure is an improvement on the losses for the previous financial year, where the company's games division suffered a JPY 232 billion (EUR 1.4 bn) loss due to the launch of the PlayStation 3.

Despite the financial hit in the games division, Sony still expects operating profits of JPY 440 billion (EUR 2.6 bn) for the financial year ending March 2008.

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Sony Computer Entertainment
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Matt Martin avatar

Matt Martin

Contributor

Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.