PS3 Price Drop Fuels Sony Q2 Losses

The situation doesn’t look good for the entire fiscal year, either.

It looks like Nintendo’s not the only one of the Big Three that is going through a rough financial stretch. The recent PlayStation 3 price drop, strong yen (as opposed to the weak US dollar), and poor sales in the U.S. and Europe all contributed to Sony posting a loss for Q2 2011. Sales of the PS3 during the period were actually saw a bump to 3.7 million from 3.5 million in Q2 2010, and the PSP also managed to move an additional 200,000 units more than it did during the second quarter of last year.

The manufacturer also expects to publish a net loss for the fourth year in a row. When its fiscal year comes to a close in March of 2012, Sony is forecasting a loss of 90 billion yen ($1.2 billion). The loss would be in stark contrast to the 60 billion yen net profit the electronics giant expected to rake in.

[Sources: NY Times and Gamasutra]

[Image via Product Wiki.]

Nick Santangelo
Nick Santangelo
Nick Santangelo

MASH Veteran

Nick has been a gamer since the 8-bit days and a member of the MTB editorial team since January of 2011. He is not to be interrupted while questing his way through an RPG or desperately clinging to hope against all reason that his Philly sports teams will win any given game he may be watching. Seriously folks, reading this acknowledges that you relieve MTB of any and all legal liability for his actions.

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