Sony Publishes Its 2009-10 Fiscal Year Financial Report; Posts Another Huge Loss

Sony has just released its financial statement for the Fiscal year ending March 31st, 2010, and things don’t look good. The company posted a loss of $439 million, down from the $1 billion loss it faced in the 2008-09 financial year. Sales of the various Sony products were down except for the PS3. Sony managed to sell 13 million PS3s compared to the 10.1 million units in the 2008-09 financial year.

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The number of PSPs sold fell from 14.4 million units to 9.9 million units. The Sony PS2 sold 7.2 million units, down by only .5 million units from the previous financial year. Quite surprising for a console whose timeis now over. The sale of games of the various consoles from Sony also fell this year. Sony sold 44.4 million PSP games, down by 5.9 million units. The sale of PS2 games saw a huge decline, going down to 35.7 million units from 2008’s 83.5 million units.

The only good news here for Sony fan boys is that the Sony PS3 has finally become profitable for the company. The profit margin will now continue to increase thanks to the shift to a 40nm Graphics card. Hopefully, the launch of PSP2 and the PlayStation Move at the E3 Expo will turn things around for the company.

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Rajesh Pandey

Rajesh is a 19 year old nerd, currently pursuing B.Com Hons from Bhawanipore college in Kolkata, India. He loves everything tech, especially Android. You can follow him on twitter @ePandu or mail to him at [email protected]