If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

PS4 games are still making money for Sony thanks in part to 3.5M consoles shipped during Q1

PS4 is very close to being the highlight of Sony's financials this quarter, with 3.5 million consoles shipped during the period.

ps4_controller_dual_shock

PS4 game sales were listed among the few star performers in Sony Corporation's financials for the quarter ending June 20, 2016.

PlayStation is part of the Game & Networks Services segment, which saw a 14.5% year-on-year to ¥330.4 billion ($3,208 million) - and we can thank PS4 and its 3.5 million units shipped during the quarter. This brings the total lifetime shipped number to 43.5 million.

Shipped, if you recall, means sold to retail instead of the number of consoles sitting in living rooms. In May the firm announced the number of PS4 consoles sold-through to customers was 40 million.

"This significant increase was primarily due to a significant increase in PS4 software sales including sales through the network, partially offset by the impact of foreign exchange rates and decreases in PlayStation 3 hardware and software sales," Sony said.

sony_q1_fy16_ps4_shipped

Although Sony didn't give a figure other than shipped for PS4 hardware in its initial release, it did say that a reduction in PS4 hardware cost contributed to the segment's ¥24.6 billion year-on-year increase in operating income, which came to ¥44.0 billion ($427 million U.S. dollars).

Moving into Q2, Sony is forecasting continued increased in PS4 software sales, but expects fluctuating exchange rates and an increase in marketing costs to eat into its bottom line.

Propped up by PS4 game sales, the Game & Networks segment was the second-best performing division, coming in just behind Financial Services with operating income of ¥48.5 billion ($471 million). These two giants were largely unchallenged by Sony Corp's other businesses, four of which reported losses.

Overall, the company reported a 10.8% year-on-year decrease in quarterly revenue to $15.6 billion, resulting in operating income of $546 million for the quarter ending June 30 2016 - down 42% year-on-year. Sony will be addressing investors this morning, and if there's any news about actual PS4 hardware sales, PS4 Neo, or the release slate we can expect to hear it during the presentation or shortly afterwards.

Sign in and unlock a world of features

Get access to commenting, homepage personalisation, newsletters, and more!

Related topics
About the Author
Brenna Hillier avatar

Brenna Hillier

Contributor

Based in Australia and having come from a lengthy career in the Aussie games media, Brenna worked as VG247's remote Deputy Editor for several years, covering news and events from the other side of the planet to the rest of the team. After leaving VG247, Brenna retired from games media and crossed over to development, working as a writer on several video games.

Comments