Sony Corporation has announced its financial earnings results for the fiscal third quarter ended on December 31, 2011. The corporation overall had sales of ¥1.82 trillion ($23.9 billion), a decrease of 17.4 percent from the same quarter last fiscal year. Sony also posted a net loss of ¥159 billion ($2.09 billion), versus a net profit of ¥72.3 billion ($949 million) year-over-year.
In the Consumer Products & Services division, which houses the PlayStation branch of the company, sales decreased 24 percent year-over-year to ¥996.5 billion ($13 billion). The division recorded an operating loss of ¥85.7 billion ($1 billion), down from a previous operating income of ¥63.5 billion ($833.8 million) in 2010.
Within the division, sales of LCD TVs, cameras, and PC are below where they were last year, as are sales of the PSP and PlayStation 2. The PlayStation 3 is 1.8 million units ahead of where it was during the same quarter last year, while software across all PlayStation platforms has remained relatively flat. Sony sold 6.5 million PS3s, 2.4 million PSPs, and 900,000 PS2s during the quarter.
Unit sales for the Consumer Products & Services division.
For the full fiscal year ending on March 31, 2012, Sony is expecting sales to come to ¥6.4 trillion ($84 billion), down from previous forecasts of ¥6.5 trillion ($85.3 billion) in November, and way down from consolidated sales of ¥7.18 trillion ($94.3 billion) during fiscal year 2011. The company is also expecting a net loss of ¥220 billion ($2.89 billion).
Sony Corp blames the floods in Thailand and “unfavorable” foreign exchange rates for the quarter and full-year losses.
