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