Sony profits up, but PS3 losses double

Nilay Patel
N. Patel|10.25.07

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Nilay Patel
October 25th, 2007
Sony profits up, but PS3 losses double
Sony reported its second quarter earnings today, and while the company's overall profits were up, at ¥90.5B ($790M), the Playstation division's losses for the quarter came in at ¥96.7B ($844M), double those of a year ago. Sony says that once it's done accounting for all the recent PS3 inventory changes, it hopes the Playstation division will break even -- potentially in the second half of the fiscal year. Of course, since the PS3 is sold at a loss, the numbers might indicate that Sony's selling more PS3s than ever, but something tells us that's not exactly the plan.

[Via Joystiq]
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