Sony’s Q2 2016 Report: A Weak Performance Results In Slump

Sony revealed their July-September financial report, which shows red numbers in most locations.

This quarter year ended with a 10.8 percent decrease in sales and operating income, but mind you; the performance doesn’t include the launch of the PlayStation VR (October 13), but on the other hand, the PlayStation 4 Slim IS involved in this result…

The year-on-year decrease is valued at 16,722 million dollars, attributed to the unfavourable impact of foreign currency exchange rates. The sales were „essentially flat” year-on-year – not a lot of changes here.

According to Sony, the drop in operating income is due to lower operating results from Semiconductors and Components segments, and the earthquakes in the Kumamoto region.

The Game & Network Services division, which includes the PlayStation brand altogether, had an 11.3 percent drop in sales and operating revenue. The operating income dropped 20.6 percent, (about 188 million dollars). Sony explains this drop with the PlayStation 4‘s price drop and low sales for the PlayStation 3. On the other scale-beam, the PS4‘s manufacturing costs were reduced, and more software sales happened, including digital content through PSN.

3.9 million PS4 consoles were shipped during Q2 (a 100,000 units year-on-year drop), bringing the total to 47.4 million units. Sony has not changed its forecast of selling 20 million by the end of the fiscal year.

We can’t wait for the Q3 results – in the October-December timeframe, both the PlayStation VR and the PlayStation 4 Pro is getting involved in sales.

You can read more here.

Spread the love
Avatar photo
Anikó, our news editor and communication manager, is more interested in the business side of the gaming industry. She worked at banks, and she has a vast knowledge of business life. Still, she likes puzzle and story-oriented games, like Sherlock Holmes: Crimes & Punishments, which is her favourite title. She also played The Sims 3, but after accidentally killing a whole sim family, swore not to play it again. (For our office address, email and phone number check out our IMPRESSUM)

No comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

theGeek TV