Sony’s Profit Was Saved This Year
Sony’s profit was saved this year with the help of none other than the infamous PlayStation 4. The video game sales helped the company a lot in the second quarter, especially after the decline in electronics that has occurred in 2015. News about PlayStation’s progress has filled the internet in the last weeks, but this is by far one of the console’s greatest achievements for the company. Sony outdid themselves, pulling back from a year that did not seem to go too well for them.
Sony declared on Tuesday that the PlayStation 4 had registered a $729 million profit, which translates into the best profit that Sony has made in the last eight years. To make things even better, the profit outnumbered the predictions that were made for 2015. It is great news and it is also a well-deserved victory considering what awesome an experience the console offers for gamers throughout the world.
Another interesting fact that needs acknowledgement is that last year, during the exact same period, Sony was losing approximately the same amount of money because of impairment charges that resulted from their declining mobile business. In short, the company managed to get back all the money that it has lost last year, boosting its way up back into one of the most trustworthy developers in the market.
So how much did the PlayStation actually help? It appears that the game and network business scored a fantastic 10% rise thanks to PlayStation deals alone. The profit numbers skyrocketed and the number of PlayStation 4 owners grew from 16.5 million to 17.5 million. This also points out that, even years after their initial launch, people decided to give the PlayStation a go and stick with it until further notice. These 1 million extra players might also be people who converted to Sony for good.
One other extra feature that might have added up to the hype is the camera sensor development. When calculations were made about how much this detail alone generated profit, it was established that it amounted to 32.7 billion yen compared to the mild 4.4 billion yen progress registered one year before. The main reason why these numbers might have gone up was because of Sony’s purchase of Toshiba Corp’s image sensor business.
But Sony’s profit was saved this year and this year alone. It remains to be seen whether the company can bring something new to the table regarding the PlayStation 4 in the year to follow, or if they are going to set their eyes on the future PlayStation 5.
Photo Credits ps4daily.com
