Sony’s PlayStation Business Is Doing Quite Well

Sony’s PlayStation Business Is Doing Quite Well
Photo: Tomohiro Ohsumi/Getty Images, Getty Images

Today, Sony announced the financials for all its business. Gaming, in particular, was a bright spot.

Even with the sun setting on the PlayStation 4, year on year sales hit 52.2 billion yen and were up 11 per cent for the company’s game business — something Sony called “a significant increase.” That breaks down to an increase in game software and PlayStation Plus sales. PlayStation 4 hardware sales, however, declined.

Sony’s game and network services segment saw a 1.3 billion yen increase in operating income, thanks to more first-party and PS Plus sales. There was an increase in costs, which is not unexpected when launching new hardware.

These numbers for the financial period ending on September 30.

Looking ahead, Sony expects sales to be higher this month due to higher than expected sales during the past few months. What else can we expect during this fall?

“Regarding the impact from the spread of Covid-19, Sony is aware that there have been delays in the development of some third-party software titles due to constraints such as working from home,” the financial statement reads.

“However, necessary measures are being taken and preparations are underway with the aim of ensuring that many strong titles can be released from Sony’s first-party studios and its partners’ studios in connection with the launch of PlayStation 5.”

Log in to comment on this story!