The length of this console life cycle continues to haunt Sony. The company saw a wider loss in its fiscal first quarter with poor PlayStation sales dragging the numbers down.
The games unit saw a notable decline in sales last quarter (from April 1 to June 30), selling 800,000 fewer hardware units and coming in at an operating loss of $45 million. Software sales were down as well. It was a discouraging performance for the division Sony is hoping will help guide the company out of its financial woes.