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That increase was largely driven by rising PlayStation 4 software and hardware sales, along with the positive impact of foreign exchange rates.

Chris Kerr, News Editor

October 31, 2017

1 Min Read

Sales and profits are up at Sony, which just released its financials for the three months ended September 30. 

Overall sales rose by 22.1 percent year-over-year to 2.06 trillion yen ($18.12 billion), while profits across the entire company also leapt up by 2,602 percent to 130.9 billion yen ($1.14 billion). 

In the Games and Network Services division, which houses Sony's video game operations, year-over-year sales increased by roughly 35 percent to 433.2 billion yen ($3.81 billion), while profits rose roughly 346 percent to hit 204.2 billion yen ($1.8 billion).

That increase was largely driven by rising PlayStation 4 software and hardware sales, along with the positive impact of foreign exchange rates. 

During the second quarter, Sony managed to move 4.2 million PS4 consoles, and now expects to see worldwide sales reach 19 million units by the end of the fiscal year. 

That means the PS4 should smash the 70 million mark sooner rather than later, with the system surpassing 60 million sales at the start of June. 

Based on that Q2 showing, the firm has upwardly revised its sales forecast for the division, and now expects Games and Network Services to have generated 180 billion yen ($1.58 billion) in profits on 2 trillion yen ($17.6 billion) in revenues by March 2018.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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