HOME     MENU     SEARCH     NEWSLETTER    
NEWS & INFORMATION FOR TECHNOLOGY PURCHASERS. UPDATED 14 MINUTES AGO.
You are here: Home / Best of the Best: Tech Blog Roundup
Build Apps 5x Faster
For Half the Cost Enterprise Cloud Computing
On Force.com
Home > Tech Blogs  Flag for objectionable content? Flag for Objectionable Content?
Average Rating:
Rate this article:  
Ars Technica: Strong PlayStation 4 sales keep Sony in the black
2014-07-31 7:46am -07:00T Visit Ars Technica


Outtake:

Just a few months ago, we were looking at Sony's end-of-fiscal-year financial reports and worrying about the consumer electronics giant's $10+ billion in losses over the past eight years. Today, things are looking a bit rosier, as Sony is riding strong sales of the PlayStation 4 and its associated games and services to an increase in profitability for the quarter ending in June.

The numbers for Sony's Game & Network services division tell the tale, flipping from a ¥16.4 billion (about $160 million) loss this time last year to a ¥4.3 billion (about $42 million) profit this year. Savvy industry watchers (or anyone with half a brain) will note that the PlayStation 4 launched in that time, and Sony confirms that the turnaround is "due to the contribution from sales of PS4 hardware which was launched in November 2013, as well as a significant increase in network services revenues accompanying the launch of the PS4."

Digging deeper into the numbers, we see that Sony sold 3.5 million game consoles (including both PS3 and PS4) worldwide for the quarter, up significantly from the 1.1 million PS3s it sold during the three-month period in 2013....

Read More on Ars Technica...


  © Copyright 2014 Ars Technica. All rights reserved. If you've enjoyed this content, please visit Ars Technica to show your appreciation.

Information for Bloggers
 

Latest Blog Entries from Ars Technica:
Advertising firms struggle to kill malvertisements
First US Ebola diagnosis confirmed by CDC
That’s some weather we’re having. Is it climate change?
Arduino to sell 3D printer—$800 in kit form or $1,000 pre-assembled
Grooveshark, where employees uploaded thousands of songs, loses badly in court
Latest Tech Blogs from around the Blogosphere:
Content Digitization QA: Recording from the webinar on “No One Left Behind – Let’s Embrace Accessibility Testing”
Site Rubix: Which '90s Female Rapper Starred in a Film With Basketball Star Shaq? (VIDEO)
Digital Trends: Years after burning loyal PC users, Microsoft asks forgiveness with Windows 10
Digital Trends: A new challenger appears: Firefox-powered ‘Matchstick’ aims to take a shot at Chromecast
MacRumors: Microsoft Gives Early Look at Windows 10 Featuring Windows 7 Elements, Broad Adaptability