Sony announced their numbers for the end of the fiscal year and they come with a $3.2 billion price tag. This is the second largest loss in the company history, and Sony is citing the recent earthquake and tsunami as the reasons. Strangely enough however, the Networked Products & Services division was able to generate $434.23 million in operating income, which is significantly higher than the $1.01 billion operating loss it posted last year.
How did a company lose so much overall yet post a profit in one division? Sony says that the decreased production costs helped bring the division to profitability. Sony was also able to sell 14.3 million PS 3s, up from 13 million the year prior. With the other consoles, 8 million PSPs were sold, which is down nearly 2 million from last year’s 9.9. In addition, people are still buying PS2s, 6.4 milion of them in fact.
Even with the recent loss and the woes surrounding the digital attacks on the PSN and other Sony websites, the company remains optimistic, expecting a $2.45 billion profit this time next year. As E3 quickly approaches, it will be interesting to see what Sony will do in an attempt to regain the faith of gamers in order to do it’s part to getting the company back in the black.
