We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Sony hit by by poor PS3 performance

$237m loss due to slow PlayStation 3 sales

Sony's game division posted a $237m loss in its most recent financial quarter on the back of disappointing sales of its PlayStation 3 (PS3) console

However, continued sales of the PlayStation 2 (PS2) and a price drop for the PlayStation Portable (PSP) helped quarterly revenues grow by 60 percent. The company said that more than 70 percent of sales were on hardware and accessories.

While speaking to investors, Sony said it may be able to break-even on PS3 hardware within the next year due to lowered production costs of the Cell processor, the PS3 graphics card, and Blu-ray components.

Also of note, the company will now disclose hardware and software figures on units sold as opposed to their former and imprecise method of reporting units shipped. Nintendo does the same. Microsoft still reports units shipped.

See also:

PlayStation 3 review

Nintendo Wii review

Xbox 360 Elite review


IDG UK Sites

Microsoft Band UK release date and price rumours, features and specs: Microsoft smartwatch unveiled

IDG UK Sites

Why Sony's PS4 2.0 update is every gamer's dream (well, mine at least)

IDG UK Sites

This Grolsch ad combines stop-motion & CG for majestic results

IDG UK Sites

Apple rumours and predictions for 2015: What to expect from Apple in 2015