Sony Revises Earnings Forecast, Game Revenue Down

Sony has announced a revision of its consolidated forecast for the fiscal year [[link]] ending March 31, 2009. How’s the gaming division doing? While the company is forecasting ¥260 billion (US$2.95 billion) in operating income losses and ¥150 billion ($1.68 billion) in net income loses.(new Image()).src = 'https://capi.connatix.com/tr/si?token=995c4c7d-194f-4077-b0a0-7ad466eb737c&cid=872d12ce-453b-4870-845f-955919887e1b'; cnx.cmd.push(function() { cnx({ playerId: "995c4c7d-194f-4077-b0a0-7ad466eb737c" }).render("79703296e5134c75a2db6e1b64762017"); }); According to Sony, “In the Game segment, operating [[link]] income (loss) is expected to be lower by approximately ¥30 billion. Of this, approximately ¥15 billion is due to the impact of the appreciation of the yen and approximately ¥15 billion is due to lower-than-expected sales.” Lower than expected revenue is also expected in Sony’s motion picture business, and the economic [[link]] slowdown has hit Sony electronics as well. So lower than expected sales and yen appreciation are driving down the company’s gaming division. It should be noted that this is merely a forecast and that Sony says such a forecast is subjected to “uncertainty and changes.” The foreign currency rates, which have fluctuated, were pegged at ¥90 to the US dollar. [Pic]