PS3 Sales Good, PSP Sales Not So Good

PSP sales fall 50 percent, PS3 sees increase for Sony's second quarter.

Sony today revealed its second quarter 2010 fiscal year results. As a whole, the company posted a net income of $385 million, a significant jump from the $327 million loss that occurred during the same time period in fiscal 2009.

The company said its Networked Products & Services division, which includes the game and PC business, was a major contributor for the turnaround. Sales were up 5 percent and the segment posted an operative income of $86 million, a major improvement from the $730 million loss during the same quarter last fiscal year.

The game business saw sales fall 12 percent, however, while PC jumped 23 percent.

"While game business sales in total decreased year-on-year, sales of PlayStation 3 hardware and software increased year-on-year and benefited from the introduction of PlayStation Move in the current quarter."

For the quarter, Sony sold 3.5 million PlayStation 3 consoles worldwide; up from the 3.2 it sold in the second quarter last fiscal year. Software sales also increased year-over-year from 23.6 million units to 35.3 million units.

Things aren't so good for the PSP, however. Sales this quarter for the portable were down 50 percent from the prior quarter last year while software sales declined year-over-year, from 13 million to 11 million.

The company is projecting 15 million PS3 sales, 8 million PSPs, and 6 million PlayStation 2 consoles for fiscal year 2010, which ends on March 31, 2011.

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