PS2, PSP sales boost Sony's flagging earnings

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Sony today announced earnings for the quarter ended September 30, 2005. While the rest of Sony sunk (posting about half the profit it had in the year-ago period), the games business was a bright spot for the company. Here's a summary of the games portion of the earnings release:

  • Sales increased 79.1% (vs. the year-ago period) "as a result of the contribution from hardware and software
    sales of the PlayStation Portable"

  • "an increase of PlayStation 2 ("PS2") unit sales in Europe and the U.S. compared to the same quarter of the
    previous fiscal year resulted in a significant increase in sales in all geographic areas." (Say what? How does that
    work?)

  • "Overall software sales increased as a result of the contribution to sales from PSP software, despite a decrease
    in PS2 software sales."

  • PS2 shipments: 5.01 million units (an increase of 3.02 million units)

  • PSP shipments: 3.75 million units (no year-ago period to compare it to)

  • PS2 software shipments: 50 million units (a decrease of 6 million units)

  • PSP software shipments: 9.0 million units

[Thanks, Anand]

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