Sony reports profit but PlayStation division continues to lose money

Andre Yoskowitz
28 Jul 2007 7:55

According to Sony's latest financial figures, the company is now profitable. For the quarter, Sony had revenue of over $16 billion USD with a reported profit of $808 million USD.
However, the PlayStation division of Sony, otherwise known as Sony Computer Entertainment, reported a heavy loss of $237 million USD although revenue was up 60 percent.
For the period, Sony shipped 2.7 million PS2s, 2.14 million PSPs and 710,000 PlayStation 3s. In total, for all three systems, Sony shipped 46 million games, with the majority being for the PS2.
According to the New York Times, Sony was helped greatly by the large box office sales of Spiderman 3 as well as other hits during the quarter as well as continued growing sales of LCDTVs and HDTVs
For the rest of the year, Sony hopes to ship 10 million PS2 consoles as well as 11 million PS3 units. Sony also hopes to ship 9 million PSPs, which was Sony's highest selling system for the month of June and which is being remade soon as a "lighter" version.
Source:
Dailytech

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