Sony games division expects increased loss of $337 million
Sony Corp. is having a bad year, and it appears that the company's games division isn't helping the situation. GI.biz reports that the PlayStation group is expected to increase losses by $337 million this fiscal year, though it's unclear what number the loss is increasing from. The erosion is due to lower than expected sales of hardware and software.
Sony's video game division seems to have teetered between good and bad financial news over the last couple years. The very dim silver lining here is if the reports of Sony CEO Howard Stringer wanting to focus on software are correct, the PlayStation division shouldn't suffer as mightily as others.
