X
X


 

Sony’s fiscal year was all about PlayStation 4, with the company shipping 17.7 million consoles over 12 the months ending March 31st, 2016.

According to Sony’s recently released financial report, the company earned a net profit of nearly $1.4 billion across the fiscal year, marking the first time in three years that the company hasn’t reported a loss.

Despite the decline in PlayStation 3 sales, Sony’s Games & Network Services division was a major factor in the company’s success, seeing an 11.8 percent increase over the previous year. Network revenue alone rose from $3.2 billion to approximately $4.9 billion.

Many times in the webcast, Sony mentioned the Kumamoto earthquakes but stayed positive about the potential impacts.

“We expect the strong momentum of the PS4 platform to continue,” said CFO Kenichiro Yoshida. “Due to the impact of the earthquakes, there is a possibility that the supply of components from certain vendors might be affected, but even with that impact, at this point of time, we think that fiscal year 2016 we can exceed the 17.7 million units of PS4 hardware that we sold in the previous fiscal year.”

Read More

Source: Sony Investor Relations


About Matt Buchholtz

view all posts

Matt learned how to play video games from his grandma, who bravely adventured with him through the “terrifying” halls of Shadowgate. He plays a lot of Dungeons & Dragons on a podcast with comedians. Find him on Twitter @mattisgrounded

Sony shipped 17.7 million PlayStation 4 systems over the last 12 months

Sony sold a lot of PlayStation 4 systems this year. Like, a lot.

By Matt Buchholtz | 04/28/2016 03:00 PM PT

News

Sony’s fiscal year was all about PlayStation 4, with the company shipping 17.7 million consoles over 12 the months ending March 31st, 2016.

According to Sony’s recently released financial report, the company earned a net profit of nearly $1.4 billion across the fiscal year, marking the first time in three years that the company hasn’t reported a loss.

Despite the decline in PlayStation 3 sales, Sony’s Games & Network Services division was a major factor in the company’s success, seeing an 11.8 percent increase over the previous year. Network revenue alone rose from $3.2 billion to approximately $4.9 billion.

Many times in the webcast, Sony mentioned the Kumamoto earthquakes but stayed positive about the potential impacts.

“We expect the strong momentum of the PS4 platform to continue,” said CFO Kenichiro Yoshida. “Due to the impact of the earthquakes, there is a possibility that the supply of components from certain vendors might be affected, but even with that impact, at this point of time, we think that fiscal year 2016 we can exceed the 17.7 million units of PS4 hardware that we sold in the previous fiscal year.”

Read More

Source: Sony Investor Relations



About Matt Buchholtz

view all posts

Matt learned how to play video games from his grandma, who bravely adventured with him through the “terrifying” halls of Shadowgate. He plays a lot of Dungeons & Dragons on a podcast with comedians. Find him on Twitter @mattisgrounded