PS3 costs drive Sony's Q2 profit downwards

Vikingod · Oct 27, 2005, 01:56 PM

Electronics giant Sony has seen a 46 per cent slump in its profit for the three months ended September 30th, with the enormous cost of developing the PlayStation 3 console fingered as a key factor in the decline.

The firm reported net income of 28.5 billion Yen (204 million Euro) for the quarter, which is down massively from the 53.2 billion Yen (380 million Euro) figure reported in the same period last year, and also falls below analyst average estimates of 30 billion yen (214 million Euro) reported by Bloomberg.
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Read More / Source: GamesIndustry

Oct 27, 2005, 01:56 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	PS3 costs drive Sony's Q2 profit downwards Electronics giant Sony has seen a 46 per cent slump in its profit for the three months ended September 30th, with the enormous cost of developing the PlayStation 3 console fingered as a key factor in the decline. The firm reported net income of 28.5 billion Yen (204 million Euro) for the quarter, which is down massively from the 53.2 billion Yen (380 million Euro) figure reported in the same period last year, and also falls below analyst average estimates of 30 billion yen (214 million Euro) reported by Bloomberg. __________ Read More / Source: GamesIndustry