Sony's financial report is up

[Spankey]

johnsobas said:
doesn't sound like good news to me. PS3 has been out for 2 years and they are still digging a whole for themselves. What's the total at now? -3.5 billion or so? It was like half a year ago everyone was claiming they were breaking even because sony wade a profit in the games division, now it's pretty clear that PS2 sales had made huge profits last holiday season that balanced things out. With that said they will probably get a profit again in the holiday quarter and go back to a small tiny loss after that.

That price drop everyone isn't looking like it will come soon. Luckily they are getting healthy sales without it.

 

@bolded: Please read the financial report at page 4 of the PDF.

http://www.sony.net/SonyInfo/IR/financial/fr/08q2_sony.pdf

Elsewhere in the report you will find the explanations you require.

Also, read this extract from FishyJoe:

An operating loss of ¥39.5 billion ($379 million) was reported, an improvement of ¥57.2 billion year-on-year.  
The decrease in operating loss in the current quarter was primarily due to PS3 hardware cost reductions and increased sales of PS3 software, as well as strong sales of PSP hardware.

Sony are not out of the hole yet, but they're certainly improving in the Games division.

Sony play the long game