Sony now shipped 82.2 million PS4 consoles, increases revenue and income

03 August, 2018, 04:46 | Author: Juana Mckenzie
  • Sony PS4 Play Station 4 1

The electronics and entertainment giant reported profits Tuesday of 226.4 billion yen ($2.0 billion) for the April to June quarter, up from 80.9 billion yen in the same period past year.

Nevertheless, Sony revised upward its financial projections for the year to March on a weaker-than-expected yen and the solid game business. Revenue rose 5.1 percent to ¥1.95 trillion, topping the forecast for ¥1.87 trillion. "The forecast for operating income is expected to be significantly higher than the April forecast primarily due to the impact of the above-mentioned increase in sales". It previously projected that net profit would fall 2.2 percent to 480 billion yen.

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The Japanese tech giant managed to ship an impressive 82.2 Million PS4 consoles and upgraded its forecast for the financial year 2018 from 16 to 17 Million.

PlayStation 4 is without a doubt the best console you can opt for at the moment with the likes of upcoming games like Spiderman PS4, you can't make a mistake of choosing something else.

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As pretty much every person and their dog owns a PlayStation 4 now it comes as no surprise that PS4 software sales were sky high bringing in 472.1 billion yen in this quarter which is up by over a billion yen year-on-year. It kept its profit forecast for the year ending March at 670 billion yen, down 9 percent on year, citing various risks including competition in smartphones.

But he also said the outlook is uncertain. The average of 24 analyst estimates is 755 billion yen. The PS3 shifted around 84 millions units and as Sony flogged over 3 million PlayStation 4's in the last quarter the record should be broken soon. Regardless, Game & Network Services received the largest jump in fiscal year forecasting, and it's mostly due to the continued success of the PS4.

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Rudy Giuliani, the president's personal lawyer, has indicated that Mr Trump could pardon Mr Manafort should he be found guilty. Ellis has since ruled that Mueller is acting within the scope of his investigation in pursuing charges against Manafort.

However, given the good results, Sony now trusts that it will be able to reach the 96 million units of consoles sold.

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