Sony Reports $1.25 Billion Annual Loss

Net sales for video games totaled $9.6 billion though.

Posted By | On 14th, May. 2014 Under News


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The PlayStation 4 has been a success for Sony, it came at a rather hefty price. In the company’s recent financial report for the fiscal year ending March 31st 2014, Sony reported ¥128.4 billion ($1.25 billion) in losses. Net sales were ¥7,767.3 billion ($75.4 million) which indicated a 4.3 percent increase.

Total operating loss was ¥8.1 billion, with video games and the release of the PS4 contributing heavily to the same. Nonetheless, Sony reported a 38.5 percent year-on-year sales increase for games, with total sales at ¥979.2 billion ($9.6 billion).

The PS Vita continues to be a cash-drain from Sony as it reported a total of 700,000 units sold in the fourth quarter, down from 1.3 million units in the previous year’s quarter. This includes sales of the recently released PS Vita TV. Portable hardware sales for the company decreased from 7 million units to 4.1 million units in the total year. What does that say about the Vita’s continued future? We’ll find out in the coming months.

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  • Huseyin Unsal

    WTF what a misleading headline stop making up click bait articles.

  • Emedan

    So stupid… That’s not at all what the financial report said

  • ps4lol

    A wrong and misleading title, soon to be followed by wrong and misleading microsoft fanboys screaming HURR BANKRUPT!!1 XBOX WON!!1

    • Johnny

      Sonys bankrupt xbox won hahaha hahaha

    • Psionicinversion

      how is it a misleading title when theyve lost $1.25billion? the PS4 isnt the only thing they sell if the PS4 is doing well theres alot of other stuff not doing well so stop talking $hit you idiot

  • ME3X12

    It just went viral on the net because of Kaz Hiri and Sony executives taking 50% pay cuts to try and save Sony Kaz has been seen pole dancing in male strip clubs in Japan this week. Apparently he was waling a bit bow legged and had some sticky residue around his lips also.

    • XB1 is for casuals

      Even with the bad financials with Sony the Ps4 is still the better system hands down. Shows how big of a turd the XB180 really is.


 

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