Photo: Jon Snyder/Wired
Sony lost 24.6 billion yen (approximately $314 million) in three months, the company revealed Thursday in an earnings report for the first quarter of its 2012 fiscal year.
Sony also lowered its sales forecasts for a number of consumer electronics products, including handheld videogame consoles such as PlayStation Vita.
Sony expected to sell 16 million portable game consoles by next March, the company had said this past spring, with Sony Computer Entertainment president and group CEO Andrew House later saying that figure included 10 million PlayStation Vita units. The new forecast calls for 12 million portable game console sales.
Forecasts for PlayStation 3 remained unchanged.
Despite a recent surge in Japan, Vita continues to struggle to find an audience. Japanese bloggers observed that Nintendo sold more 3DS XL consoles in two days last week than Sony sold in four months this fiscal year.
However, it’s not just Vita. Sales and profits were down in the entire games division compared to the same period last year.
Sony’s $5.8 billion losses in 2011 were the highest in company history and its fourth straight year of coming up short, according to the Associated Press.
Thursday’s reported losses were larger than what Sony experienced during the same period last year (15.5 billion yen or $198 million from April-June 2011) when the company was dealing with the immediate aftermath of the March 11 tsunami.
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