Sony's quarterly profits fell by 98% though that was compared with a quarter that got a huge boost from the success of Spider-Man. However, "profits in the video game sector, which had been Sony's star division with hefty profits until recently, slid 31.6% to 1.8 billion yen ($15 million) from 2.6 billion yen, while sales edged down 18.2% to 125.2 billion yen ($1 billion) from 153 billion yen. Worldwide shipments of the PlayStation 2 game machine dropped sharply to 2.65 million units in the quarter from 4.59 million for the same period last year. Software shipments also fell," reports AP.
The decline in games division profits also reflected increased spending on the development of the PlayStation 3.
