Sony posts $312 million loss for Q1 2012; Game division underperforms
Sony has posted a loss for Q1 2012 totaling to $312 million. Their game division performed poorly as you can see from the pdf they released below, and showed a consistent decline in hardware and software.
Sales were 1,515.2 billion yen (19,180 million U.S. dollars), an increase of 1.4% compared to the same quarter of the previous fiscal year (“year-on-year”).
They have reduced the forecast for PSP/Vita to 12 million from 16 million. Earlier they aimed to ship 10 million Vita and 6 million PSPs.
It was clear that they couldn’t hit their forecast considering Vita’s poor sales. PS3 and PS2 combined shipped 2.8 million units for Q1, which is a decrease compared to 3.2 million from the same period last year. We don’t know how much PS3’s they shipped this quarter as they seem to be combining both PS3 and PS2 now.
It doesn’t look like they will hit their PS3 forecast either unless it gets a drastic price cut.
Slight update: Japanese companies’ fiscal year starts with the year it begins so it’s Q1 2012. Normally, we take the year it ends so the initial title read Q1 2013.