Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 25, 2008 5:52:42 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

PS3 Sales Help Sony Get Its Q4 Game On

Posted May 15, 08 6:59 AM CDT in Technology,  Business 

(Newser) – Sony reported fourth quarter profits of $277 million yesterday, driven largely by its once-sputtering PlayStation 3, which passed Microsoft's Xbox 360 and is nipping at the heels of Nintendo’s Wii. The results vastly improved on a loss of $643.6 million a year ago, reports the Wall Street Journal. 

For the year, sales were up 7%, and Sony said profits for its fiscal year tripled, riding largely on its videogame division. While the company expected PS3 sales to continue to be strong this year, it ruled out further price cuts and said a strengthening yen will hold overall sales to a 1% increase.

Source Wall Street Journal

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Price Cut Lifts PlayStation Sales

    Nov 15, 07 9:02 PM CST
    Price Cut Lifts PlayStation Sales Long lagging behind the Nintendo Wii and without a 'Halo 3' to rescue it, Sony's PlayStation 3 is finally seeing sales pick up in the weeks after a $100 price cut and introduction of a lower-end model. Sony said it sold 100,000 consoles last week, compared to sales of 30,000-40,000 a week before the Oct. 18 price cut. More »

  • Video Game Maker Calls for End to Rival Gaming Systems

    Oct 20, 07 8:27 AM CDT
    Video Game Maker Calls for End to Rival Gaming Systems Electronic Arts, a leading video game manufacturer, has called on the gaming industry to set aside the incompatible gaming platforms now competing for consumer loyalty. Instead of choosing among rivals like Wii, Playstation, and Xbox, players should be able to use an "open gaming platform" for all games, EA argues. EA now produces games for more tha 14 different systems, BBC reports. More »

  • Game Over! Halo 3 Zaps Wii

    Oct 19, 07 12:36 AM CDT
    Game Over! Halo 3 Zaps Wii The launch of Halo 3 helped XBox 360 sales to zoom beyond Nintendo Wii, making the Microsoft system the hottest selling console in September. MarketWatch reports the extraordinary popularity of Halo 3 also helped push video game software sales up 64% over the same period last year. Game consoles were up 188% - way beyond expectations. More »

  • Sony Cuts PS3 Price For Xmas

    Oct 18, 07 11:32 AM CDT
    Sony Cuts PS3 Price For Xmas Sony has slashed the price of PlayStation 3 by $100 in advance of holiday shopping; the cheapest console will now be a 40-gigabyte model for $399—down from $499 for a 60-gigger. PlayStation is the priciest of its rivals, and sales have lagged: Compared with 404,000 Nintendo Wiis and 277,000 Xbox 360s, only 131,000 PS3s sold in August, the Journal reports. More »

  • 'Halo 3' Hits $300M in Sales

    Oct 4, 07 4:11 PM CDT
    'Halo 3' Hits $300M in Sales Video-game phenomenon "Halo 3" earned more than $300 million in global sales during its first week, Microsoft announced today. Although specific figures were not released, the Wall Street Journal reports, the game surely also drove up sales of its Xbox 360 console, which previously had been flagging in competition with Nintendo's Wii and Sony's PlayStation 3 systems. More »

People walk by a corporate sign of Sony Corp. in Tokyo, Japan, Wednesday, May 14, 2008. Sony marked a strong recovery in the fiscal year through March, nearly tripling profit.   (AP Photo/Shizuo Kambayashi)
Visitors watch the Sony Corp.'s Bravia flat panel TV sets on display at a Tokyo store. Sony marked a strong recovery in the fiscal year through March, nearly tripling profit.   (AP Photo/Shizuo Kambayashi)
A PlayStation 3 console from Sony.   (AP Photo/Mark Lennihan, File)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 2)

Tags

corporate earnings  • Nintendo Wii  • Sony  • Xbox 360  • Playstation 3  • Blu-Ray


Loading...

Loading...

Today's Most Popular


Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »