• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Gameranx

Gameranx

Video Game News, Lists & Guides

  • News
  • Features
  • Platforms
    • Xbox Series X
    • PS5
    • Nintendo
  • Videos
  • Upcoming Games
  • Guides
  • News
  • Features
  • Platforms
    • Xbox Series X
    • PS5
    • Nintendo
  • Videos
  • Upcoming Games
  • Guides

Sony Looks to PS4 to Reverse Decline in Game Division

May 9, 2013 by Stephen Daly

Console will definitely be out by March 31st 2014.

Sony Computer Entertainment has seen a 12.2% decline in sales as a result of falling purchases of PS3, PSP and PS Vita and the company is looking to the PS4 to reverse this negative trend.

The division's operating income declined by 27.6 billion yen to 1.7 billion yen ($18 million) year on year. However, Sony expects the PS4 to improve the situation with the arrival of the console expected to "increase significantly" SCE's sales. The company expects to launch the console by the end of the next financial year meaning sometime before April 1st, 2014.

When the PS4 was originally announced a 'Holiday 2013' release date was outed and there have been retailer speculation that the system will launch globally this calendar year.

Despite the expected rise in sales Sony's operating income is expected to remain "essentially flat year on year," this is largely because of increased research and development costs required for launching the PS4. If past console releases are anything to go by the PS4 will also be sold at a loss, at least initially.

Looking beyond SCE the broader Sony Corporation announced its first full year profit in five years as a result of an ongoing restructuring which has seen SCE Japan and Asia merge as well as a consolidation of Sony Mobile Communications. The company expects favourable exchange rates to see income double this year across the entire company.

Sony has sold their headquarters in New York and Tokyo raising $2.3 billion however analysts believe these asset sales should not be taken into account as they distort the true state of the company's finances.

Despite Sony's enthusiasm for the PS4 Activision Blizzard, which also released its financial results yesterday, expressed concern as to the impact of next generation consoles on the declining core game market.

 

Share this post:

FacebookTwitterLinkedInPinterest

Recent Videos

CYBERPUNK SEQUEL CITY, RESIDENT EVIL 9 OPEN WORLD LEAKS & MORE

CYBERPUNK SEQUEL CITY, RESIDENT EVIL 9 OPEN WORLD LEAKS & MORE

Game of Thrones: Kingsroad - Before You Buy

Game of Thrones: Kingsroad - Before You Buy

Elden Ring Nightreign: 10 Things You NEED TO KNOW

Elden Ring Nightreign: 10 Things You NEED TO KNOW

Top 10 NEW Games of June 2025

Top 10 NEW Games of June 2025

What The HELL is Going on With UBISOFT?

What The HELL is Going on With UBISOFT?

10 Things ONLY RPG Gamers Will UNDERSTAND

10 Things ONLY RPG Gamers Will UNDERSTAND

20 WORST Video Game Endings EVER

20 WORST Video Game Endings EVER

25 Upcoming MEDIEVAL Games You SHOULDN'T MISS

25 Upcoming MEDIEVAL Games You SHOULDN'T MISS

GTA 4 REMASTER LEAKED? UBISOFT DELAYS ALL BIG GAMES & MORE

GTA 4 REMASTER LEAKED? UBISOFT DELAYS ALL BIG GAMES & MORE

Category: Updates

Sidebar

Recent Posts

  • Doom: The Dark Ages – How To Find All Secrets | Chapter 12 Guide
  • The Best Video Game Deals Available Right Now
  • New Roblox Documentary Tackles The Darker Elements Of The Game Universe
  • Nintendo Switch 2 Will Allow You To Use A Standard USB Mouse
  • Doom: The Dark Ages – How To Find All Secrets | Chapter 11 Guide

Copyright © 2025 · Gameranx · All Rights Reserved · Powered by Mai Theme