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During the pandemic, Sony’s Playstation 5 sales were still slowing due to chip bottlenecks – now the node has blown. Last quarter, the Japanese electronics group sold 6.3 million game console devices.
There were a total of 19.1 million in the fiscal year ending March. But at the same time, fewer games were sold for the console – and the number of customers who subscribed to the Playstation Plus payment service was only at the level of the previous year, as can be seen from the figures presented on Friday.
This development could be a signal of alarm for Sony’s largest division and an explanation of the Japanese group’s fierce resistance to the planned acquisition of gaming company Activision Blizzard by Xbox rival Microsoft. Online services, where games are played over the Internet, are becoming more and more popular in the industry. Microsoft is particularly strong in the business area.
Since the Playstation 5 was launched in fall 2020, Sony has sold 38 million devices. Virtual reality glasses for consoles were released last quarter. However, Sony did not comment on the Playstation VR sale on Friday.
At the same time, the Sony group is taking advantage of the streaming boom in the music industry, and the Hollywood studio also makes more money from movies and TV shows. Sony expects more sales from games and other entertainment areas for the new fiscal year.
The business with camera sensors used in many smartphones is also expected to grow. Sony, on the other hand, expects lower revenue for its entertainment electronics and division.
Overall, the Group is cautious about the current fiscal year, partly considering the high level of inflation. After a double-digit increase in 2022/23 sales, only stagnant sales are expected for the twelve months leading up to the end of March 2024. In terms of operating profit, Sony even expects a slight decrease of around 1.17 trillion yen (7.8 billion francs). Experts had previously expected a slight increase in operating profit.
In the fiscal year ended March, revenue rose 16 percent to 11.6 trillion yen, partly driven by the weak yen. Operating income remained at the prior year level of just over 1.2 trillion yen.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
