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 PS3 Sales Are Up But Sony's Still Down: Q2 Financials News

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PostPS3 Sales Are Up But Sony's Still Down: Q2 Financials News

Sony has released its financial report for the second quarter of its
fiscal year (ending September 30th 2009), which reveals a loss of 32.6
billion yen (£217 million) for the company compared to the 11 billion
yen (£373 million) it recorded in operating income for the same period
last year.

Total sales and revenues were down by 411 billion yen
(£2.7 billion) over last year's figures for the second quarter, while
revenues for Sony's Networked Products and Services division (which
accounts for PlayStation sales) were down by 113 billion yen (£748
million) over the same period last year.

The NPS division then
recorded a loss of 59 billion yen (£391 million) for this year's Q2
compared to a loss of 41 billion yen (£380 million) last year. Despite
this, worldwide PS3 sales were up by 0.8 million units (3.2 million
total unit sales for the quarter), while PSP sales dropped slightly by
0.2 million units over last year's Q2 figures.

Sony explained
that the 24.2% revenue drop in its Networked Products and Services
division was, "primarily due to the impact of foreign exchange rates,
as well as a decrease in unit sales of PS2 hardware and software."
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