PS3, PCs help Sony turn quarterly profit
Sony rakes in a sizable profit during its second quarter on widespread gains for its PCs and healthy sales of PlayStation 3 hardware and software.
Sony generated a $375 million profit during its second quarter on strong sales gains for its PCs and its PlayStation 3 game console, the company announced today.
During the quarter that ended Sept. 30, Sony tallied $20.8 billion in revenue. About $4.4 billion of that revenue came from Sony's Networked Products and Services unit, which saw a 5 percent gain year over year. That division includes both PCs and the PlayStation 3.
The increase in PC unit sales "resulted from expanding market share in all regions," the company reported. And although Sony acknowledged that its overall games business sales were down year over year, it said that sales of PlayStation 3 hardware and software increased and "benefited from the introduction of," which toward the end of the quarter.
Sony's quarterly report also revealed that the company's music business was down 10.8 percent, due mainly to lower sales of "Michael Jackson catalog product." Increased LCD sales helped push Sony's Consumer, Professional, and Devices division up 1.4 percent compared to the same quarter in 2009.
The company said it expects its operating income to be up on the year as it attempts to weather "a difficult business environment."