Sony Reveals Earnings, PS4 Makes All The Difference With Over 4 Million Units Sold
Sony has officially announced its financial results for the quarter ended on December 31st, 2013. There are some pretty impressive figures here and the PS4 seems to have made all the difference.
Firstly, the corporation as a whole earned 22.979 billion dollars in net sales. Sony generated an operating profit of 860 million dollars and a net income of 257 million dollars. The year-over-year increase in total sales was 23.9%.
- You’ll Be Able To Play (Expensive) PS2 Games On Your PS4 Now | 2 months ago
- Jessica Jones Disempowers Its Male Characters And The Effect Is Refreshing | 2 months ago
- Hell Is 30 000 Deathclaws Tearing Through Boston And It’s Glorious | 2 months ago
- Sony Santa Monica Is Teasing Something Truly Strange | 2 months ago
What’s awesome is that the game division by itself earned 4.207 million dollars in net sales with a year-over-year increase of 64.6%, and the operating income was 172 million dollars.
As you may have expected the change in fortunes with earnings was mostly due to the successful launch of the PS4 in North America, Europe and Latin America, as well as the positive exchange rate between yen and dollar and some good sales for smartphones and tablets.
Regarding the core businesses, strong hardware and software sales of the PlayStation 4, which was introduced in the current quarter, were recorded in the Game segment. The mobile business, which includes smartphones and tablets, had a significant year-over-year increase in sales and a significant improvement in operating results, and has been contributing to profits since the first quarter of the current fiscal year.
In Game, the PS4, which went on sales outside on Japan in November 2013, got off a strong start, selling 4.2 million units of hardware consoles and 9.7 million units of software titles in the six weeks after launch. There was also a dramatic increase in the number of members of PlayStation Plus, Sony’s subscription-based network service. Moreover, Sony is pursuing the diversification of profit drivers, including the announcement of the launch of PlayStation Now, a streaming game service that utilizes cloud technology.
The presentation slides confirmed that a staggering 4.2 million PS4 units were sold before the end of the year. Furthermore 9.7 million software units were sold.
Sony sold a total of 7.8 million home consoles in the quarter, and 2.0 million units were sold for PlayStation portable systems. On top of that the total sales for software, regarding both home and portable consoles, yielded a total sum of up to 126 million units.
The forecast for the entire fiscal year references 15 million home consoles sold, 5 million portables and 360 million software units moved. However no forecast was provided for the PS4 by itself.
There is some bad news however. The earnings forecast for the entire fiscal year is unchanged to 75.9 billion dollars in sales, but Sony’s operating income has been sliced from 1.676 billion dollars to 788.6 million and this is mostly attributed to restructuring charges and the reform of the PC and TV businesses, which brought the predicted net income in the red by 1.084 billion dollars.