Sony has said that its quarterly profit has more than trebled, in spite of sluggish PS3 sales.
For the period between April and June Sony reports an operating profit of 99.32 billion yen (£402.8 million), up from 27.05 billion yen (£109.6 million) during the same period last year.
While PS3 sales have shown signs of improvement since the US price cut earlier this month, the increased profits are attributed to strong digital camera sales.
Sony's Chief Financial Officer, Nobuyuki Oneda, said that the PS3's sales fell short of expectations between April and June, but was optimistic about the price cut's impact. "Thanks to these measures, PS3 sales are picking up pace" Oneda said.
In comparison, Nintendo upped its profit forecasts for the fiscal year ending March 2008 by 40% on Wednesday after a strong performance from the Wii and DS.
Nintendo also raised its shipment forecasts for the Wii by 18% to 16.5 million over the next fiscal year. Sony said in May that it plans to ship 11 million PS3s in the same period.
For the period between April and June Sony reports an operating profit of 99.32 billion yen (£402.8 million), up from 27.05 billion yen (£109.6 million) during the same period last year.
While PS3 sales have shown signs of improvement since the US price cut earlier this month, the increased profits are attributed to strong digital camera sales.
Sony's Chief Financial Officer, Nobuyuki Oneda, said that the PS3's sales fell short of expectations between April and June, but was optimistic about the price cut's impact. "Thanks to these measures, PS3 sales are picking up pace" Oneda said.
In comparison, Nintendo upped its profit forecasts for the fiscal year ending March 2008 by 40% on Wednesday after a strong performance from the Wii and DS.
Nintendo also raised its shipment forecasts for the Wii by 18% to 16.5 million over the next fiscal year. Sony said in May that it plans to ship 11 million PS3s in the same period.
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Comments
deleted 26 Jul 2007 16:27
1/4
so did sony state what the profit attributed to, bluray players, tv line, walkman line??? because they cant be talking about the games division.
Hypnotoad 27 Jul 2007 00:11
2/4
haritori wrote:
so did sony state what the profit attributed to, bluray players, tv line, walkman line??? because they cant be talking about the games division.
My how quickly we forget about the PS2. you do realise, that Wii is actually more in competition with PS2 than it is with the real nextgen hardware right? I mean ever seen a game look as good as God of War 2 on Wii? Nope. So, back to my point, PS2 is actually slamming the Wii in sales performance....it's up about 200million units at the moment and still sells like hot cakes. (Note cheap price = massive sales) Nintendo has some catching up to do really.
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king skins 27 Jul 2007 08:39
3/4
haritori wrote:
so did sony state what the profit attributed to, bluray players, tv line, walkman line??? because they cant be talking about the games division.
news story wrote:
the increased profits are attributed to strong digital camera sales
deleted 27 Jul 2007 08:44
4/4
king skins wrote:
haritori wrote:
so did sony state what the profit attributed to, bluray players, tv line, walkman line??? because they cant be talking about the games division.
news story wrote:
the increased profits are attributed to strong digital camera sales
ahh missed that lol,