Sony’s Gaming Division Makes Money

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PS3 makes money

You can virtually hear the sigh of relief from the top of Sony on this one.

The latest financials have been released and the Sony Gaming Division is back into the black and has made a profit between the quarter of April and June.

Sales were up and I am sure MGS helped push the profit up to $50 million… Not bad.

However the total profit for Sony has dropped by 50% down to $326 million. Seriously I wouldn’t be crying into my beer if I only made a profit of $326 million.

Most of the drop in profits are blamed on the lack of blockbusters for Sony Pictures and the poor results from the Sony Ericsson mobile department.

Source: Joystiq.com

Last Updated: July 30, 2008

Gavin Mannion

I for one welcome our future robotic overlords

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