Sony Reveals $312 Million Loss in First Quarter
Kaz Hirai has his work cut out for him. He took over as president of the company back in April when Sony was facing some of its worst financial troubles in years—and it seems that in the quarter since his ascension to the top spot (April 1 to June 30), fortunes haven’t quite improved.
According to earnings reports that were released today, Sony suffered a $312 million net loss, while the gaming division recorded a loss of $45 million, with falling PSP and PS3 sales taking the blame. The Vita’s sales, it seems didn’t do much to offset the loss of those console sales, and upon being questioned by investors, the company declined to specify the handheld system’s numbers. Which, in general, is not a super-good sign.
Sony has made adjustments to its forecast for the rest of the year, aiming lower so as to cope with the fallout from this quarter’s bad news. Add in the fact that Sony has said that their gaming division is a lynchpin for the company, and that we definitely won’t see a new home console this year and, well, things aren’t so hot for Sony right now.
But hey! Maybe a lot of people will buy PlayStation Vita systems between now and Christmas. It’ll have an exclusive Assassin’s Creed game! Kids love those.