Home > Video Games > Sony expects to lose $2.9 billion for the year.

Sony expects to lose $2.9 billion for the year.

February 2, 2012

Ouch. Sony announced today that for the third quarter of their fiscal year (ending December 31st, 2011), they were down $2.1 billion and that they expect to lose another $800 million from New Year’s Day through March 31st. Losing nearly $3 billion for the year doesn’t necessarily mean that the PlayStation brand is doomed, however. In fact, Sony expects to sell another 14 million PS3 units during the year.

If PlayStation 3 sales hold their own and the PS Vita does better in the Americas and Europe than it has in Japan, things should improve a bit for Sony. No matter how much money you have in the bank, losing that much is never a fun thing. Good luck on to Kaz Hirai when he takes over as CEO of Sony on April 1st.

Check out the full story at Sony.net.

No TweetBacks yet. (Be the first to Tweet this post)

Previous post:

Next post: