Sony’s PS3 Helps 43% More Sales, Twice as Much Debt
- Scribbled on October 25th, 2007 by Jonah Falcon
- Filed in Editorial Content, Industry News, Sony PSP, Sony PlayStation 3
According to Wired Magazine, the PlayStation 3 managed to move 43% more Sony product, but sunk the company deeper in debt.
Sony has released their financial results for the first half of their 2007 fiscal year, and the numbers paint a bleak picture for the PlayStation business. While sales went up by about 43% compared to the first half of 2006 (before the launch of PlayStation 3), the game division’s losses more than doubled to 96.7 billion yen — about $841 million.
Sony says that the loss is in great part down to the fact that PlayStation 3 units are priced below production cost. They also noted that while PSP hardware sales increased, sales of software for the device actually decreased when compared to FY 2006.
Will Sony be forced to liquidate more assets?
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