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Sony exec predicts further games division losses

PS3 performance set to have an impact on the whole group

Sony is expecting to post significant losses in the current quarter, which could have a major impact on numerous divisions within the group as production and launch costs for its next-generation console spiral.

According to Reuters, Sony's senior vice president, Takao Yuhara, said that a possible increase in valuation loss on microchips used in the PS3 could have a massive impact on the group.

"We might see valuation losses of a size that we cannot laugh away in the quarter," Yuhara stated.

Sony posted a profit of 32.3 billion Yen (219 million Euro) for the quarter ended June 30th, attributed largely to growth in flat TV sales and a general surge in profitability for its consumer electronics and movie divisions.

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THELANDSOFSAND3717d ago (Edited 3717d ago )

"We might see valuation losses of a size that we cannot laugh away in the quarter," Yuhara stated.

maybe they can drink it away

DC RID3R3717d ago

for the entire fony hq next year!!
!!!!!!!!HEADS UP!!!!!!!

original seed3717d ago

just when you hear good news about profit here comes the troubles

DC RID3R3717d ago

go on sony, spend all your dough on BIG experimental equipment, let's see how big your money well is!!!!! SUCKERS!!!!!!

kingboy3717d ago

if they crush them again they should fallback and let sega come in

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