Vita 'not performing that well', says Sony exec

August 4th, 2013, 19:46 Posted By: wraggster

A Sony executive has acknowledged that Vita continues to underperform at retail.
The platform holder declined to offer specific Vita data in its first quarter financial report yesterday, instead bundling together Vita and PSP sales, which came in at just 600,000, down from 1.4 million in the same period a year earlier.
Responding to a question about the performance of the PlayStation division during the company's first quarter earnings call, an unnamed executive said (via Seeking Alpha): "Compared to the same period the previous year, PS3 numbers declined and the software business increased. And PSP continues the decline. And Vita, as you know, is not performing that well."
Sony's latest hardware sales guidance remained unchanged from its May outlook, with the firm still expecting to sell a combined total of five million handheld systems in the year ending April 2014.
The unnamed executive also reiterated comments made by Sony's chief financial officer in May, noting that the company's adoption of third party technology and production capabilities for PS4 mean it won't take the big hit it suffered launching the console's predecessor.
"We have not incurred a tremendous amount of investment for semiconductor development or the development of semiconductor to come up with chipset. We did not make a sizable investment there. Well, partially, there has been some development of chipset. But in terms of the weight of investment, PS4 is a much lighter platform compared to PS3."
Sony has confirmed a "holiday 2013" PS4 release date in Europe and the US and a PS4 price of £349 / €399 / $399.

http://www.computerandvideogames.com...ays-sony-exec/

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