PlayStation emerges as the biggest money churner for Sony in Q1 2018

PlayStation emerges as the biggest money churner for Sony in Q1 2018

Sony has revealed its sales estimates for the end of the fiscal year (March 2019) which now sits at 17 million, which is actually up 1 million from their previous forecast in March this year.

Sony's semiconductor division - the beneficiary past year of a unit sale and insurance payouts - saw profit nearly half to 29.1 billion yen.

The upward revisions confirm a smooth transfer of the reins at Sony following its return to health after huge losses in recent years.

According to Bloomberg Intelligence analyst Masahiro Wakasugi, even if one were to look past the one-time gains Sony made in the quarter, the company's core business is growing and generating profits.

"The Yoshida team got off to a flying start", said Hideki Yasuda, an analyst at Ace Research Institute.

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The gaming business "has gradually changed with the addition of new revenue sources such as PlayStation Plus", Chief Financial Officer Hiroki Totoki said at a briefing, referring to subscription-based online services.

"It has been a smooth power transfer", after Sony's recovery, and the company "is forecast to continue displaying a strong performance at quite high levels", he added. Nile's 40 percent-held affiliate owns EMI Music Publishing, which will be Sony's wholly owned unit in the future. They have also given an updated sales figure for the PS4, which is on pace to pass down 100 million units becoming the 3rd Sony console in history to reach this milestone.

Worldwide sales of the PlayStation 4, released in 2013, totaled 3.2 million units in the first quarter, down from 3.3 million a year earlier.

Sales figures as astronomical as 75 million in almost 5 years earns the PS4 the title of most popular gaming console in the world...ever! With that said, the PS4 still has some ways to go if it wants to catch up to the PS1 or PS2, which sold 102.5 million and 155 million units respectively. Net income also topped their prediction at ¥226.5-billion; the company raised its fiscal full-year forecast for net income by ¥20-billion to ¥500-billion.

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