Sony’s financial reports: games division profits, new PS3, PSP sales targets

Sony‘s consolidated financial reports for the Third Quarter ending on December 31, 2007 have been released, and along with it a few pretty interesting facts about the company’s current situation. Fans of the company will be pleased to know that the Sony games division made money during the third quarter. Due to this increase, projected PSP handheld sales have been raised and PlayStation 3 sales predictions were dropped to reflect the current market situation. More information in the full article.

Sony‘s consolidated financial reports for the Third Quarter revealed that the Sony games division made money during the third quarter. In addition, the company has made a revision on their projected PSP handheld sales as well as a drop in the PlayStation 3 sales predictions.

The profits that the Sony games division made were attributed to the lowered PS3’s production costs and increased software and PSP sales.

The increase in income has prompted Sony to bump up their sales prediction for the PSP from 10 million to 13 million. Finally, it was also revealed that the company will not be making the 11 million sales target it set for the PlayStation. The company is now hoping to sell 9.5 million units.

If you want to see the financial reports for yourself, feel free to follow our Source link which will take you there.

Via Sony