Sony’s game division revenues fall nearly 16 percent in Q2 2012

Sony’s game division suffered a decline in sales and operating revenue during the fiscal second quarter that ended on Sept. 30, the corporation today announced in a consolidated financial results report.

Game division sales decreased 15.8 percent year-on-year to $1.9 billion, according to Sony. Operating income also fell 23.8 percent from a year ago, to $29 million. The electronics giant attributes the decreases to lower-than-expected PlayStation 3 and PSP hardware and software sales, and unfavorable foreign exchange rates. The losses were reportedly offset by sales of the PlayStation Vita, which debuted in December 2011, and by a drop in selling, general, and administrative expenses.