Sony's Game Division Loses $45 Million in First Quarter of 2012

Posted Thu Aug 2, 2012 at 12:30 PM PDT by Dick Ward

Lower hardware sales to blame, says Sony.

Things haven't been going super well for the folks at Sony, and the game division is feeling the hurt too. According to an announcement from the company, Sony's game division took a $45 million loss in the first quarter of this year.

Sony says that selling nearly half a million fewer PS2 and PS3 consoles, and nearly half a million fewer handheld consoles than last year is the main cause of the loss. Software sales shrunk to 20.1 million copies from 27.6 million a year ago. Of course, if less hardware is sold, less software is going to be leaving store shelves.

Source: GameSpot

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Tags: Sony, PS3, Videogame Sales (all tags)