Vita sales forecast cut, revenues down in PlayStation financials

The PlayStation business is down 15 per cent year-on-year and Vita sales forecasts have been cut again, confirms Sony’s latest financial report.

The platform holder forecast 16 million portable console sales in May 2012, which was reduced to 12 million in August and revised to ten million units in November. Vita and PSP are now expected to sell a combined total of seven million units before March 31st.

Revenue generated by the PlayStation business during the final three months of 2012 came in at 268.5 billion yen, a 15 per cent year-on-year decline. Sony attributed this to softer demand for PS3 and PSP hardware and software. The PlayStation sector’s operating income also fell year-on-year from 34 billion yen to 4.6 billion yen.

Sony sold 62 million console games in the three months up to December 31st 2012, and combined PS3 and PS2 hardware sales came in at 6.8 million units, down from 7.4 million a year earlier. Total Vita and PSP hardware sales were up from 2.4 million units to 2.7 million, but software sales on PSP and Vita fell from 11.4 million units the previous year to 8.9 million.

“In the game business, Sony is working to expand sales and operating income through the introduction of an attractive software lineup and through offering game software on mobile devices, including smartphones and tablets,” Sony said. The financial report added that the “slow penetration” of the Vita platform was considered an important issue.

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