Sony reported its fiscal second-quarter results on Thursday, posting a $196 million loss despite strong smartphone sales. The company said that revenue from its consumer electronics division is slowing faster than expected due in part to declining PC and high-definition television sales, but there may be something of a light at the end of this tunnel. During the company’s earnings call, Sony reaffirmed statements made last month, suggesting that it expects to sell 5 million PlayStation 4 consoles by the end of the current fiscal year. Should the company manage to meet its lofty goal, it would represent a massive 72% increase over the 2.9 million PlayStation 3 consoles Sony sold over the same period of time following its last console launch.
Sony still confident in huge PS4 launch, sales seen hitting 5M by March
Published Oct 31st, 2013 5:05PM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
