Sony expects further game losses

May 17th, 2007, 20:42 Posted By: Shrygue

via Games Industry

Sony expects its games division to continue to make a loss in the financial year ending March 2008.

Senior vice president Takao Yuhara has forecast an operating loss of around JPY 50 billion (EUR 305 m), reports Reuters.

However the figure is an improvement on the losses for the previous financial year, where the company's games division suffered a JPY 232 billion (EUR 1.4 bn) loss due to the launch of the PlayStation 3.

Despite the financial hit in the games division, Sony still expects operating profits of JPY 440 billion (EUR 2.6 bn) for the financial year ending March 2008.

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