Sony posts third quarter loss of $115 million, cites 'significant' decrease in hardware and software sales

Sony posted a third quarter loss of 10.8 billion yen ($124 million) for the fiscal year ending March 31, 2013, citing decreased sales of its video game hardware, the company shared in its recent quarterly financials report.

For the third quarter ending on Dec. 31, 2012, Sony reported 1.9 trillion yen ($22 million) in sales and operating revenue, a 3 percent increase from the same period last fiscal year. Sony cited high sales in its mobile, film (Sony Pictures) and financial services sector, while sales in its home entertainment and game departments decreased significantly. The company's total operating profit was 46.4 billion yen ($496 million).

Game hardware and software brought in an operating revenue of 268.5 billion yen ($3 billion), a 15.1 percent decrease from last year's third quarter. The company stated sales of the PlayStation 3, PlayStation Portable and Vita dropped "significantly." Operating income was 4.6 billion yen ($53 million), a large decrease from last fiscal year's income of 33.8 billion yen ($360 million), which Sony also attributed to low hardware sales.

Despite posting losses, Sony's forecast for the fiscal year ending March 31, 2013 show overall sales and operating revenue of 6.6 trillion yen ($70 billion) and an expected net income of 20 billion yen ($213 million). In its game sector, the company expects its full-year sales and operating income to be lower than last year due to the continuously low sales of portable hardware.

More from Polygon

The horror of Five Nights at Freddy's

  • Dark Souls 2: Crown of the Old Iron King Overview

  • Spacecom: a fast 4X built for multiplayer

  • Pillars of Eternity builds on role-playing classics

  • Tour the 1 KB hard drive built inside Minecraft

Latest Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new Polygon username and password

As part of the new Polygon launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to Polygon going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new Polygon username and password

As part of the new Polygon launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to Polygon going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.
Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_5353_tracker