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Strong PS4 sales increase Sony's quarterly profit

The PS4 was launched in November last year.

It is well known that the PS4 is outselling Microsoft's Xbox One, but it seems most people haven’t anticipated Sony’s figures to be that good, as the firm reported higher profits than expected for the last quarter during the three months ending on June 30.

A year ago, Sony’s profits were only 3.1 billion yen compared to this year’s 25.7 billion yen, which roughly equals to $250m USD. Not only Sony’s profit rose, but their gaming division saw an increase of 96% in sales during the last quarter.

Dubbed the best selling "next gen" console, the PS4 helped Sony outrun Nintendo in game console sales for the first time in eight years. To put it into numbers, Sony have sold 18.7 million units (which include the PS3) whereas Nintendo sold only 16.3 gaming units during the last financial year. Given the great performance of sales, Sony recently announced it had sold 10 million PS4 consoles to date during its Gamescom press event.

If we turn our head to PS4's bitter rival, the Xbox One, the PS4 was outselling it by 2 million consoles in April according to official figures.(7 million compared to 5 million) Although it is quite logical to think Microsoft saw a boost thanks to the Kinect-free release, Microsoft's sales are possibly still lagging behind.

Sony also reported that buildings and premises have been sold off, which increased its operation profit by 14.8 billion yen during the period. Despite the large influx of PS4 sales and other income, Sony expects a 50 billion yen net loss for the next financial year, and is in the process of restructuring to turn that loss around.

Source: BBC, Playstation Blog | image via Sony

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