Sony has reported that the PlayStation 3 is seeing gradually declining production costs and growing popularity of the console has led to a strong improvement on the company’s balance sheet. Sony also noted that the company shipped about 37 million game consoles and more than 267 million games during the year.
Sony’s “PlayStation” unit posted a $1.2 billion USD loss for the year, an improvement from the $2.3 billion USD loss the division posted last fiscal year. According to Sony, the decrease was primarily thanks to PS3 hardware reductions and the increasing sales of PS3 software and accessories.
For the fiscal year, there were 7.24 million PS3 units sold, up from 5.63 million in fiscal 2006. The PSP was even more popular, selling 13.89 million devices for a total of 41 million PSPs to date.
PSP software sales declined but PS3 software sales made up the difference. Total game units were 267.4 million, compared to 261.5 million in fiscal 2006.