Strong PS4 Sales Raise Sony Profits

Sony's Game and Network Services division posts $41.8m in profit, a 96 percent increase on the same period last year.

Strong sales of the PlayStation 4 have helped Sony reach a better-than-expected profit during the quarter ended 30th June, the company reported today.

Sony's Game and Network Services division--of which PlayStation is a part--posted a profit of 4.3 billion yen ($41.8m, £24.7m), compared with a loss of 16.4 billion yen a year earlier. That's an impressive 96 percent increase on the same period last year.

Overall, net profit was 25.7bn yen ($249.8m, £148m), up from 3.1bn yen a year ago.

Sony attributed its successful financials to strong sales of the PS4, as well as a "significant increase" in network services revenues (which includes PlayStation Plus). Sony Pictures also helped boost the financials, posting a profit of 7.8 billion yen ($75.9m, £44.9m) compared with earnings of 3.7 ($35.9m, £21.3m) billion yen a year earlier.

While Sony didn't break out individual sales figures for its consoles, combined, 3.5m PS3s and PS4s were shipped during the quarter. This compares favourably to the 1.1m combined Xbox One and Xbox 360 units Microsoft shipped during the same quarter.

Combined, the PSP, PS TV, and Vita shipped 750,000 units, which is up on the 600,000 reported last year. 85m games were sold during the quarter, up from 68m.

Despite all the good news, Sony still expects to post a net loss of 50bn yen ($486, £287.5m) for the financial year through March 2015.

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markypants

Mark Walton

Mark is a senior staff writer based out of the UK, the home of heavy metal and superior chocolate.
316 comments
Jinzo_111887
Jinzo_111887

In other words, Sony was getting money by bullying PS4 owners into paying what PS3 and PC gamers get for free. That doesn't count as earning it in my book.

Martyr77
Martyr77

Good job Sony! No matter what the PlayStation brand is here to stay and going strong.

anitasockmywang
anitasockmywang

Although I am happy for Sony to post a profit, I am very saddened by the fact that they are still expecting a 500 millions loss at the end of the year.

C_A_G_E
C_A_G_E

@anitasockmywang Sounds like their other endeavors are sloshing money and they are counting on Entertainment divisions to keep the thing a float. 


A large sale of unused offices may have helped provide a positive number. It's interesting that Sony Pictures almost doubles the profit of Games

hystavito
hystavito

@anitasockmywang Don't worry, if you look again there's no "m" at the end of the number in the last sentence.  So they are only expecting a loss of $486 :).

veryDERPY
veryDERPY

now...for the sony music earnings?

neowarrior793
neowarrior793

i think some well known xb-ot fanboys (you know who you are) needs to do some public apologies. 

sladakrobot
sladakrobot

@neowarrior793 First some phonies has to make a public apology!

I dont see any of them happen,so happy consolewars.

gamingcipher
gamingcipher

Lol what would anyone have to apologize for? We all know Sony or Microsoft are not going anywhere anytime soon. Sony's marketing is a beast I'll give them that buttt... thats what conpanies do. Strategize to make money. Now arent aren't you ready to rent that retro game for 4 hrs for 5 bucks that takes 6 hours for the action to really get started?

neowarrior793
neowarrior793

@gamingcipher im being specific to someone no less then 24 hours ago decided to insist that the ps4 is losing sony money and im just showing them up or baiting them to try and defend themselves more when anyone can go on the previous articles and see the fail they showed. MGS gz worth it.  

prats93
prats93

Saw this coming ages ago. Sony is here to stay.

C_A_G_E
C_A_G_E

@meatz666 @sladakrobot @prats93 I was shocked by this comment so had to look it up. Thought maybe the brand was just sold to another company as just a name.....


You are right, Casio is still around and own the brand... 

ecurl143
ecurl143

Wow - what a turnaround in Sony's fortunes.

This time last year, things weren't looking that great for them - Microsoft seemed to be in a very strong position and Nintendo were still riding on the crest of a wave but it's a very different story now.

Shango4
Shango4

The momentum will keep going

July/August: TLOU+ Infamous First Light,Plants vs Zombies Garden Warfare definitive edition,and

Diablo III: Ultimate Evil Edition(PS4 version is the best one).

September: Destiny
October: Full of 3rd parties and Driveclub 
November: Little Big Planet 3 and 3rd parties
December: Uncharted Trilogy? New I.P announce at Gamescom? Guilty Gear? Planetside 2? Maybe an awesome PS Now subscription deal?

Early 2015:

Bloodborne + Witcher 3+ The Order 1886 + Ratchet and Clank + Arkham Knight (Like Destiny strong PS marketing)

Mid 2015: Uncharted 4 or even the Trilogy to prepare for an Uncharted Xmas. MLB The Show 15.

Bunch of new I.Ps and successful franchise yet to be announced like Gran Turismo, God of War, Sly Cooper, Ape Escape, The Last Guardian?


megablast16
megablast16

@Shango4 Not sure July-September is anything to get excited about, apart from Destiny, but October/November is good. 2015 though is looking amazing.

balrogbane
balrogbane

I fail to see a reason to be ecstatic over a large tech company turning a profit.

straightcur
straightcur

@balrogbane  It keeps new products and innovation coming.  It keeps people employed and able to feed their families. It keeps the economy churning, which prevents the world from tail spinning in to chaos and anarchy. 

xantufrog
xantufrog moderator

Good for Sony and the PS brand - people wishing it dead don't have a good long-term view of what the industry would be like without competition, nor do they understand the central role the company plays in most electronics and even other areas. It's an important company. Like MS.

TristanPR77
TristanPR77

And now that Sony has reduced manufacting costs of the PS4 they will even make more money of every PS4 sold. Not to mention they not need to make a price yet since the demand of PS4 is still high.

I'm glad Sony is returning to profit.

Shango4
Shango4

I am just going to put this here.

Cloud will beat ps4 ( didn't happen )
Price drop ( nope )

DirectX 12(nope)
Dropping the kinect ( nope ) 
Titanfall ( nope) 
EA access ( nope )
Giving FIFA 14 away for free ( nope )

So what next ! 
China 
Halo 5 
Forza goty edition

Grasping at straws here ?

rogerpdaultry
rogerpdaultry

It hasn't been very long to judge most of those. Also, Titanfall sucked.

Techtroll
Techtroll

They lost the war before it even started lol

Shango4
Shango4

It looks like the ps4 is outselling x bone by 3 to 1.

freedom01
freedom01 moderator moderator

@Shango4 I dont see Adam Orth