Sony Posts $1B Loss, Hardware Sales Down

Sony Playstation 3Standalone PS3 Sales Up, PS2 Way Down

Though its game sales division did better than expected, the complete business picture for Sony looks quite bleak, as the company reported a yearly loss of about $1 billion.

Much of that loss resides with other slumping electronic sales and the general state of the global economy, but that doesn’t mean the company’s Playstation division didn’t bear some responsibility.  Overall, hardware sales were down, but much of that can be attributed to a 42% drop in sales of the Playstation 2.

The Playstation 3, on the other hand, has some reason to celebrate.  Though the console still has a long way to go to catch up with the likes of the XBOX360 and Wii, its sales were up year to year by a little under one million units.  Sony reported that just over ten million PS3s were sold worldwide in FY2008.

There was good news for the Playstation Portable as well, as that console saw growth by 300,000 units, selling over 14 million worldwide in the past fiscal year.

The company expects 13 million PS3s to be sold in FY2009, along with 15 million PSPs.  Despite the expected uptick with game hardware, Sony has warned its shareholders it expects to post a $1.2 billion loss for FY2009.

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