It’s the end of the fiscal year and businesses are talking about their finances. Everyone from Nintendo to Sony will be reporting their financial gains and losses for the last 12 months. Speaking of Sony, they’ve recently posted their annual report and things appear, sadly, bleak.
The electronics behemoth have announced an annual loss of $1.29 billion. Much of this is attributed to them selling off their PC division and splitting off their TV business, as well as the cost of launching the PlayStation 4 last year and spending $60 million to shut down some of Sony Online Entertainment’s MMO titles, including Star Wars: Clone Wars Adventures.
Unfortunately, it’s looking likely that business rescheduling will be an ongoing thing continuing into next year. As a result, Sony are predicting further financial losses to the tune of $487 million. Once the dust has settled, only time will tell if their endeavours have paid off and they’ll begin to see significant improvements overall.
Having said that, the Games Segment saw sales increase by around 38.5% and PlayStation consoles (both PS3 and PS4) have sold around 14.6 million units over the last year. Sadly it hasn’t been enough to keep Sony from losing so much. While software is doing well, it can’t be denied that hardware sales have yet to make an impact for the company, particularly after such an expensive launch campaign.
The PS Vita, Vita TV and PSP are also not pulling their weight. With unit sales falling from 7 million to just over 4 million in the space of a year, fans may be concerned about their future on the market.
Do you have anything to add about Sony’s fiscal year report? If so, leave a comment below or send us a message on Twitter.