PLAYSTATION 3 FORUMS: PS3 News and discussion

Things are looking up for Sony following the company’s financial results for the first quarter of 2010. For the period ending June 30, the Japanese electronics giant recorded overall operating profits of $753 million — a massive improvement over the nearly $300 million loss the corporation posted during the same timeframe last year.

According to Sony’s breakdown (via Gamesindustry.biz), the PlayStation division still ran at a loss during this last quarter, though it’s making huge strides towards profitability. Losses reached just $43 million during Q1 of this year, which adds up to just over a tenth of the previous year’s first-quarter deficiency of $422 million.

Much of those reduced losses can be attributed to increased sales for PlayStation 3 hardware and software. Sony more than doubled the number of PS3 consoles sold during the first quarter compared to 2009’s figures, reaching 2.4 million units (up against last year’s 1.1 million). The company moved an equally impressive number of PS3 games, with over 24.8 copies sold during the same period. Q1 2009’s number: 14.8 million.