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Sony FY2012 Financial show massive loss for company

Sony has reported a huge operating loss of ¥229.8 billion ($2.8bn) for the year ending March 2012, quite a difference from the profit of ¥10.8 billion in 2011.

Sales were down 18.5 per cent to ¥3.13 trillion ($38.2 billion) from ¥3.84 trillion, with all divisions seemingly hit hard by poor sales. The price reduction of the PlayStation 3 and lower sales of the PlayStation 2 were singled out specifically in the games business.

PlayStation 3 also suffered, selling 13.9 million units compared to 14.3 million the previous year. PSP hardware sales were down from 8 million to 6.8 million and PlayStation 2 console sales dropped from 6.4 million to 4.1 million.

On the bright side, software sales moved up from 147.9 million to 156.6 million, while PSP game sales fell from 46.6 million to 32.2 million and PlayStation 2 game sales dropped from 16.4 million to 7.9 million units.

There was no mention of PS Vita, however it is included in the predictions for next year, where Sony hopes to sell a combined total of 16 million PlayStation 3 and PS2 units and a combined total of 16 million PSP (including PS Vita) units, up from 6 million.

Overall, for the company as a whole, Sony had a net loss of ¥456.7 billion ($5.74 billion), compared to a loss of ¥259.6 billion the previous year.

Edited On 10 May, 2012

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