Sony to Sell PC Business While PlayStation Sales Top $4.2 Billion
The launch of PlayStation 4 indeed had a positive impact on Sony’s revenue. Sony’s Playstation Division has reported sales of $4.2 billion, a increase of 64 percent compared to the third quarter last year, but all is not well in Sony’s backyard as it prepares to sell its PC business to focus on its TV business.
Sale of PC business may lead to the end of Vaio brand. In a statement to investors, Sony explained the motivation behind the move saying:
Following a comprehensive analysis of (certain) factors, the company has determined that concentrating its mobile product lineup on smartphones and tablets and transferring its PC business to a new company established by JIP is the optimal solution.
The factors in question include changes in the PC industry, their business portfolio and strategy, employment of personnel in the Vaio business and so on.
On the other hand, Sony will now focus more on the TV business and increase production of 4K and 2K TVs. As a result of these changes, around 5000 employees are expected to be laid off by the end of FY2014.
In related news, the third quarter sales of Sony’s PlayStation division are $4.2 billion which is a 64 percent climb from the comparative figures.
The operating income has been even more surprising with a 300 percent increase to $172 million.
Though we were not told about the breakdown, a total of 7.8 million PlayStation 3 and PlayStation 4 consoles were sold in the third quarter. PSP and PS Vita sales have amounted to 2 million units in total.
Even better, the impact of PlayStation 4 on Sony Corp. as a whole has led to total sales of $22.9 billion and a net profit of $257 million for the period.