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80,078 News Articles

PS3 blow as Sony misses target

But overall Sony profits and sales are up

Strong sales of digital consumer electronic gadgets helped Sony achieve record sales and higher net profit in the financial year just-ended but shipments of PlayStation 3 (PS3) consoles missed their target, the company said today.

The company reported a net profit of ¥126.3bn (£500m) for the year from April 2006 to March 2007. That's a 2.2 percent increase on profits from the year earlier. Sales hit an all-time high of ¥8.3 trillion, up 10.5 percent over the previous year.

Compared to Sony's most recent estimates, which were revised in January, those figures are respectively 14.8 percent and 0.8 percent higher.


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