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Sony’s hopes are pinned on the PlayStation 4

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Sony’s released its latest financial reports, for the 2013 fiscal year, and they’re not looking especially healthy. In fact, sales of all PlayStation hardware is significantly down, with the gaming division failing to make very much profit.

Consoles, which includes the PS3 and PS2 sold through 16.5 million units through the year. Handhelds, which groups the PSP and Vita together saw 7 million units sold. The relatively low sales have resulted in the company seeing profit drop from 29.3 billion Yen last year, to just 1.7 billion in the last fiscal year.

It’s not doom and gloom though, and it actually makes sense if you consider that the gaming division has been spending pretty much all of its money doing research and development on the PlayStation 4, which Sony believes will significantly turn things around.

“Sales are expected to increase significantly primarily due to the planned introduction of the PlayStation®4 (“PS4TM”) in the fiscal year ending March 31, 2014,” the company states. “Operating income is expected to be essentially flat year-on-year primarily due to an increase in research and development expenses and marketing expenses related to the introduction of the PS4, offset by the impact of the above-mentioned increase in sales.”

On the whole though, Sony as a company is finally making a profit again – although most of that can be attributed to the wanton sale of assets as a cost-cutting and consolidating measure.

Gamers in general  are appreciating Sony’s renewed focus on gaming with the PlayStation 4 – but will it really be the success that Sony’s hoping, or is the company perhaps putting all of its eggs in to one basket?

Last Updated: May 9, 2013

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