Summary:

Sony (NYSE: SNE) concedes the outage caused by the hacks of its PlayStation Network and Qriocity services will lead 2011/12 income to “signi…

Sir Howard Stringer

Sony (NYSE: SNE) concedes the outage caused by the hacks of its PlayStation Network and Qriocity services will lead 2011/12 income to “significantly decrease” in its networked products and services division.

Reporting a fivefold wider annual loss of 259 billion yen for 2010/11 on Thursday, Sony said lower PSP and PS3 console and game sales will also hurt the division.

Sony introduced the networks products and services division in 2009, containing PCs, mobiles, Walkman and media services, saying PlayStation network was “integral” to it.

However, despite launching its Qriocity online media services network globally in the last year, divisional revenue actually slipped 1.2 percent to 1.5 billion yen. The division did swing back from the previous year’s loss, however.

“The network strategy is one of Sony’s most important strategies, and Sony will continue to contribute to the protection of personal information and the development of a secure and sound networked society, while further strengthening the information control structure for the entire Sony group,” the company said.

Release.

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