Sony Q1 Results Low
The first quarter results from Sony aren’t looking good.
The company reported a $312 million loss across all of its divisions. For the area we’re interested in, gaming, the division saw a $45 million loss.
The loss is attributed to lackluster Vita sales and falling PS3 and PSP sales.
In addition, Sony lowered its yearly outlook due to a “severe operating environment.”
“We have downwardly revised our consolidated results forecast for the current fiscal year, anticipating a severe operating environment from the second quarter onward resulting from uncertain foreign exchange rates and trends in the global economy.”
In other Sony news, LittleBigPlanet PS Vita has been dated to release on Sept. 25. We’ll see if SackBoy can help boost sales of the handheld.