The Vita is probably part of this too…

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.

Source: Engadget

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Robert G.

All around gamer, teacher, historian and writer, making his home at Blistered Thumbs.

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  1. August 03, 2012 at 09:10am
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    Nintendo: Let’s release the 3DS with some built-in AR games and an SD card.

    Sony: Let’s make the Vita absolutely useless without a memory card, ship it without one, and charge five times any reasonable fair price for it.

    Nintendo: The 3DS isn’t selling well. Let’s aggressively slash prices for the console immediately, give early buyers an ambassador program, and release an updated version of the console with a bigger screen and better battery life in about year.

    Sony: The Vita isn’t selling well. Let’s completely ignore the system at E3 to focus on “more important things.”

  2. August 02, 2012 at 11:28pm
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    I am not at all surprised with this announcement, since there is no title that will make people go out yelling “I HAVE GOT TO HAVE THIS”, while I hate the 3DS I at least say they had the right idea with bring in some old favorite to pick up sale and get people interested. the only game I would get for the Vita would be Persona 4 Golden when it come out, but for the most part I fully agree with Shade on the matter.

  3. August 02, 2012 at 10:36pm
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    *sigh* Sony, when will you learn that software sells hardware?

    Did they really forget what the PSP market mostly cornered market-wise? Gimmie some solid frigging RPGs and I’ll have a Vita in a heart-beat…

    Let me transfer my PSP games to the Vita and I’ll have a Vita in a heart-beat…

    Give me some gosh dang reason to buy your Vita and I’ll buy it but UNTIL there are at least three games worth my time out and available in AMERICA, I’ll continue to keep my distance.

  4. August 02, 2012 at 07:12pm
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    It’s sad to see the Vita not performing up to snuff. I’ve handled the system myself and it is a great system, but what is so frustrating is I really wish that Sony is showing the same amount of care and drive for the Vita that Nintendo is showing for the 3DS.

  5. August 02, 2012 at 04:29pm
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    Not surprising. When IGN makes a big deal about a new PS Vita game being released a week or two ago I was interested in what the fuss was about as I am a Vita owner who hasn’t bought any actual Vita games.

    Turns out it was Foosball. Pretty good example of why they’re struggling right there.

    • August 02, 2012 at 04:51pm
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      Agreed. While I love my Vita, mostly as a conduit for the internet and such as I had previously lacked a handheld device that could connect, I only own one game that was made specifically for it. And if I had my way, I’d have never bought said game. Sony dropped the ball with their release library, both on the Vita and the PSP side. A platform can’t be carried on the backs of one or two decent games alone. People have no reason to upgrade at the moment.
      What Sony needs to do is speed up the process of porting over their PSP library, and start releasing some kickass games for the system. Relying on a handful of great PSP titles, I love me some P3P, to keep people content in the mean time is foolish.

  6. August 02, 2012 at 12:20pm
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    Reading this makes me kinda sad… But well, it’s their fault there are not that much interesting titles for the Vita yet…

    The only ones that caught my attention were Gravity Rush, and the upcoming Soul Sacrifice. I’ll definitely buy a Vita when Soul Sacrifice is released.

  7. August 02, 2012 at 11:34am
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    See, this is the reason why I think they should hold off on announcing the PS4 at next year’s E3, considering that any additional risks at this point would be catastrophic, even though the payoff would help them balance out with any sales and share-holders.

    I’m not usually one to advocate this, but now is more time than ever to just stop and carefully and “humbly” think what they could and should do with any new moves they may be planning.

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