It is no secret that Sony has been suffering huge losses throughout each of their entertainment divisions for the past year. The electronics giant has just released their Q1 report, and the trend sadly will continue, with Sony suffering a $312 million loss across several Sony divisions- film, televisions, mobile, and gaming specifically.
For gaming, Sony only incurred a $45 million loss, which is fairly low compared to the other divisional slides, but still adding to the financial troubles of the company. Sony cites sagging PSP and PS3 sales as being a root cause for their losses, while the Playstation Vita has failed to counterbalance those losses due to low sales. Sony is increasingly lowering their expectations for this fiscal year, looking to consolidate their financial forecast for the fiscal year in response to expected losses.
The downward trend for Q1 reports continues for the big three, so far Nintendo has posted a Q1 loss as well, with Microsoft’s report still in the dark at this time.