Sony ended its fiscal year by increasing its sales and operating revenue by 14.3 percent over the previous year to 7.77 trillion yen ($75 billion), primarily attributed to the launch of the PlayStation 4 and an increase smartphone sales.
In its full consolidated results for the fiscal year ending March 31, 2014, Sony recorded a net loss of 128.4 billion yen ($1.26 billion), a decrease from last fiscal year's 41.5 billion yen net income. The company reported an operating income of 26.5 billion yen ($257 million), a decrease of 200 billion yen over the previous year.
The company's game sector recorded an operating loss of 8.1 billion yen ($78 million), down from last year's operating income of 1.7 billion yen. Partially offset by the increase in sales, the loss is attributed costs related to the launch of the PS4 and a 6.2 billion yen ($60 million) write-off on PC games sold by Sony Online Entertainment.
The arm reported sales revenue increased by 38.5 percent over the previous year to 979.2 billion yen ($9,507 million), due to the launch of the new hardware, which sold more than 7 million units worldwide as of April 6. While PlayStation 3 hardware unit sales decreased, PS3 software sales increased for the year.
Source: Polygon
