Sony hardware and software sales up, operating losses down

Sony is still riding high on the remarkable performance of its consoles sales-wise. The company is seeing a steady increase in sales of both software and hardware for the PlayStation 3 and PlayStation Portable, as evidenced by the company’s financial report for its fourth quarter. More in the full article.

Sony‘s video game consoles are still riding high sales-wise. The financial results for Sony’s fourth quarter has revealed increase in hardware and software sales for both the PlayStation 3 and PlayStation Portable.

Most of Sony’s software sales came from the PS3 side, which showed a remarkable jump of 4.36 million units. On the hardware front, PSP sales increased by 4.36 million units and PS3 sales by 5.63 million units.

The company’s operating losses also decreased by Â¥107.8 billion (US$ 1.02 billion) from last year. A large part of the company’s gains in this area was attributed to the decrease in the operating losses for the PS3, which in turn was due to lowered production costs.