Sony has posted its Consolidated Financial Results for the 2nd quarter, ending September 30th and the results look grim.
The gaming part of the company has lost ¥0.8 billion / $8 million for the period. As a result, the company slashed 40% off its full-year projections.
However, it’s interesting to note that sales were up 5.1% year-on-year at ¥155.7 billion compared to last year’s ¥148.2 billion. However, the 5.1% increase transforms into a 14% decrease when the tumbling value of the Yen becomes stacked against the Dollar and Euro.
The report stated,
“In the Game segment, operating loss significantly increased year-on-year primarily due to an increase in research and development expenses related to the upcoming introduction of the PlayStation 4 and the impact of a strategic price reduction for the PS Vita.”
You can view the financial report here.
Do you think the upcoming PS4 will bring projections up?