Sony Profits Surge, But PlayStation 3 pulls it back down
Sony has recently announced rebounding profits of 73.7 billion yen ($645 million) for the July-September quarter, thanks to increased sales of TVs, PCs, and cameras, with 1.31 million PlayStation 3s sold, but the game unit’s losses are widening due to the cost of PS3 hardware and its inability to sell enough units. Sony’s game segment (the SCE division), sales did increase 42.9% year-on-year, primarily as a result of the contribution to sales of the PlayStation 3. However, an operating loss of 96.7 billion yen ($841 million) was recorded, significantly larger than the previous year.
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