Sony Financial Results for April-June 2009 (Fiscal Q1 2009)
Full results here
Overall, company-wide (mostly non-gaming) results were bad. Compared with the same quarter last year, revenue was down 19.2%, and the company went from generating a ¥73.4 billion yen operating profit to a ¥25.7 billion yen operating loss.
For the gaming results, the first thing you notice is they reorganized the company’s divisions and gaming is no longer a separate division and is much harder to separate out.
|Category||April-June 2008 (millions)||April-June 2009 (millions)||Year over Year Change|
- Whole world economy is down. It is fair to judge Sony’s performance relative to other consumer electronics and game makers.
- April-June of 2008 was a hot quarter for software PS3 had several of their biggest-ever games ship in that quarter: GTA 4, GT5 Prologue, and Metal Gear Solid 4. For April-June 2009, they shipped Infamous and had a few OK cross-platform titles (Prototype, Red Faction, UFC) but clearly April-June 2008 was an unusually hot quarter for software by any standard.
- Japanese currency has appreciated, the dog ate my homework, etc. Seriously, an appreciated currency is bad Japanese export makers like Sony, but great for Japanese consumers. Still, if the company was selling more units rather than fewer units, they wouldn’t have to dwell on these things.
- Results are still disappointing. Even with all the above qualifiers, these results are still disappointing. Sony shipped the best games for the first half of 2009, and it doesn’t seem to have much of an impact. These results aren’t disastorous, but they are disappointing.