Sony loses $8m on games as overall business cuts forecast by 40%

Sony’s games business has managed to raise its quarterly revenues slightly year-on-year, but only thanks to the continuing crash of the Yen against both Dollar and Euro.

Global takings for the division for the quarter ending September 31, 2013 were ¥155.7 billion ($1.588bn) as opposed to ¥148.2 billion for the same quarter one year ago. However, that 5.1 per cent gain quickly turns into a 14 per cent downturn when calculated on a constant currency basis.

[link to Article]

Tagged with:
Posted in articles