Sony operational profit to surge, thanks or no thanks to PS3?
by Nick Doerr 
{ Apr 13th 2007 at 4:30PM }
Apparently, this fiscal year will see a surge in profits thanks to Sony's gaming divison, believe it or not. This is according to Nikkei business daily and multiple other sites reporting similar bits o' news. The news is this: Sony's profits could rise five-fold to 400 billion yen (about $3.36 billion) thanks to not only Western LCD TV sales, but Sony's game division.The fiscal period that ended March 31 are expected to yield reports of 60 billion yen earnings -- the actual results will be released on May 16th. However, there's supposed to be a 200 billion yen loss due to the PS3 (we're confused, too... games and hardware must be quite separate). Nikkei talks about the rumored 80GB PS3 and a report of a 67% increase in PS3 shipments -- Sony is passively denying the latter, the former coming from a Sony spokesperson. So a new PS3 model is being considered.
One final note to giggle about. Nikkei said that another thing that will help Sony's financial situation is "that Sony would also benefit from not having a massive battery recall as it did its previous fiscal year." Thank you, Nikkei.
[Via GameDaily]
Reader Comments (Page 1 of 1)
massive_98 @ Apr 13th 2007 4:56PM
Now maybe with this extra money they can buy Take 2.
Well I can dream can't I.
Otsego_Undead @ Apr 13th 2007 4:59PM
PS3 Fanboys unite. Help close the lame gap between the PS3 and the Wii on Engadget's awards:
http://www.engadget.com/2007/04/13/the-2006-engadget-awards-vote-for-game-console-of-the-year/#poll312
Draco @ Apr 13th 2007 5:02PM
it makes sense doesn't it? I mean they will be selling several times more systems this financial year then last, and not have to put out for development like they did last year. not only that but they reduced costs.
humpty @ Apr 13th 2007 5:14PM
The 300k PS2s a month in the USA probably helps... after 7 years of cost reductions, its pure profit.
John @ Apr 13th 2007 8:53PM
I think most of us saw this coming, and the whole reason for Microsoft's disinformation campaign was because they saw it coming, too. They basically did a pre-emptive attack, and now they're stuck in an illegitimate console war.
ooh...