Sony Claims Game Sector is 'Weak'

GamesIndustry.biz reports on comments from Sony CFO Nobuyuki Oneda, saying that the company's dip in profits is due to a 'weak' games industry. "Speaking at a news conference, Oneda said that without the battery recall and PS3 costs to contend with, 'We would have been on track with the midterm plan, or more than that. But the game segment is weak and is the major challenge for us now,' he added. PS2 software shipments during the quarter were down by 3 million units to 47 million, but the figure for PSP software rose from 9.9 million to 12.9 million units. PS2 and PSP hardware shipments rose to 5.02 million and 3.89 million respectively. However, both hardware and software sales were down overall, with sales and operating revenue standing at YEN 170.3 billion (EUR )." In other parts of the 'weak' market, Microsoft is hopeful that they'll hit their 10 Million target by the end of the year. If they do, they're going to have to scramble. Current projections put them at 6 Million sales so far.

Comments

Re:More like from the excuses-excuses-excuses dept

[thatguywhoiam]

So basically what they're saying is if it wasn't for them screwing up horribly and for intentionally making their products cost way more to manufacture than they could possibly sell for [blahblahblah snipped]

No, what he's saying is that Sony's game sector is weak at the moment. Look at the context. They would have been on track but the battery recall cost them over 400 million dollars, and they know that SCE is precarious just before a console launch because of development costs and the fact that the PS2 is ancient (and competing with newer hardware).