Sony Q1 financials: $1.2bn in game sales, Vita ignored | VG247

Thu, Aug 01, 2013 | 17:01 BST

Sony has posted its first-quarter financial report for the year, revealing the company?s numbers were relatively flat, despite a 322% increase in operating costs thanks to the impending launch of PS4.

In a hurry?

Sony?s game division earned ?117.9 ($1.2 billion) in sales for Q1 2013, down slightly from last year?s ?118 ($1.2 billion)

Operating loss saw a 322% drop year-on-year due to the production of PS4 at ?14.8 billion ($149 million).

PS3 sales hit 1.1 million units, while combined PS Vita and PSP sales hit 0.6 million.

Sony wasn?t specific, but expects its full-year figures for the year ended March 31, 2014 to rise sharply, but added that operating loss will also rise due to PS4 production and marketing.

For the three-month period ended June 30, 2013, Sony?s game business raked in ?117.9 ($1.2 billion) in sales, which is a slight dip on last year?s Q1 revenue of ?118 ($1.2 billion).

Due to the increased cost being ploughed into PS4 R&D, production and marketing, Sony?s operating income dropped 322%, resulting in a loss of ?14.8 billion ($149 million). By contrast, Q1 2012 yielded only a ?3.5 billion loss.

The site adds however, that the Q1 2012 loss wasn?t as bad due to Sony winning a Blu-Ray patent case during the period and receiving compensation.

Sony?s PS Vita handheld was notably absent from the document, while the company confirmed that sales of PS3, PS2 and PSP were down. PS3 sales hit 1.1 million for the quarter globally, while combined sales of PS Vita and PSP hit 0.6 million. However, raw PS Vita figures were nowhere to be seen on the document.

Predicitions for the financial year ending March 31, 2014, Sony expects sales to rise thanks to PS4 and operating income to drop thanks to marketing the console.

Sony shifted 64 million game units in Q1 2013 alone across physical and digital formats.

Source: http://www.vg247.com/2013/08/01/sony-q1-financials-1-2bn-in-game-sales-vita-ignored-in-report/

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