Sony's Q1 2012 results are grim, as gaming division loses $45 million
Sony's downward slide continues in the latest financial report from the Japanese multimedia company. A $312 million loss was recorded in Q1 2012 (April 1 - June 30, 2012) across many of Sony's divisions – music, film, televisions, mobile, cameras, and gaming – with only cameras and music pulling in any profit.
But hey, you don't care about cameras and TVs and stuff, right? Sony's gaming division incurred a $45 million loss – Vita's lackluster first year sales apparently weren't enough to counterbalance falling PlayStation 3 and PSP sales.
Worse, Sony doesn't see things looking up anytime soon, adjusting its fiscal year outlook downward due to an expected "severe operating environment," financially. "We have downwardly revised our consolidated results forecast for the current fiscal year, anticipating a severe operating environment from the second quarter onward resulting from uncertain foreign exchange rates and trends in the global economy."
