Sony has published its earnings for financial year 2010/11, with the company making an overall loss of $3.17 billion from an operating income of $87.78 billion, compared to a $498.59 million loss the previous year. The Japanese electronics giant cites a $4.4 billion charge on deferred tax assets, along with the widespread economic disruption caused by the earthquake and tsunami in March as the root cause of the shortfall in its margins.
All but two of Sony’s divisions turned a loss, with the Consumer, Professional & Devices turning a marginal profit, and the Networked Products & Services division (Which includes Sony Computer Entertainment, the sector responsible for the PlayStation brand) posting an operating income of $434.23 million, up massively from a $1.01 billion operating loss in the previous year.
The dramatic turnaround in performance for the division was put down to lowered production costs and increased sales for its PlayStation 3 console. PS3 sales for the year stood at 14.3 million, up from 13 million in 2009/10, while PSP sales fell from 9.9 million to 8 million, along with 6.4 million sales for the 11 year old PS2, down from 7.3 million. PS3 Software sales also saw a dramatic rise, up 32.3 million units to 147.9 million, while PSP software sales saw a more modest rise, up 2.2 million to 46.6 million units. However, PS2 software sales dropped by around 46% to 16.4 million.