PlayStation division hit hard by global recession

Andre Yoskowitz
29 Jan 2009 16:21

Sony's gaming division, dubbed the PlayStation Division, was hit hard for the quarter ended December 31st, 2008, with operating revenue down over 30 percent year-on-year to $4.32 billion USD.
In a hardware sales comparison, PS3 sales were 4.46 million, down 44,000 units, and PSP handheld sales were down 68,000 units to 5.08 million units. The PS2 saw the hardest hit, understandably, with sales dropping over 60 percent to 2.52 million.

The company blamed the global recession for the decline in hardware and software sales and also noted that the Yen's appreciation against the Euro played a role as well.
Some good news did slip through however, as Sony noted that PS3 software sales were up significantly year-on-year from 26 million to 41 million units.

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