Sluggish Sony Q1 financial results; PS3 sales tank

playstation logoSony Computer Entertainment announced their 2007 first quarter financial results today and revealed the less-than-expected sales count of PlayStation 3 consoles for the quarter. From April to June 07, Sony sold 710,000 units worldwide. Note that this is the actual number of units sold, not units shipped.

Overall sales for the quarter reached $1.59 billion though, which is a 60% increase than last year. PSP sales increased 52% and PS2 sales increased 16%. Losses reached $237 million for the quarter, which was a 9% increase from the same period last year.

In spite of the lowered expectations, Nobuyuki Oneda, CFO for Sony, predicted that by the end of March 2008, Sony would ship 11 million PS3 consoles, 10 million PS2 consoles, 9 million PSP units and 250 million games.

In a case of irony, since Sony didn’t sell as many as PS3 as they previous predicted, their warehouse storage of PS3’s has risen to around 2.3 million, which is up from the 1.9 million from the last quarter. Looks like warehouses are the ones banking instead.


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Author: GamerNode Staff View all posts by

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