Photo by Vjeran Pavic / The Verge
Sony’s gaming division is continuing to drive major profits for the company even as the PlayStation 4 era winds down. The company announced PlayStation-related revenue of 507 billion yen (~$4.9 billion) and an operating profit of 105 billion yen (~$1 billion) for its July-September quarter, respective improvements of 52 and 40 percent on the same period a year ago.
With the PlayStation 5 set to launch in a couple of weeks, normally you’d expect a significant negative impact on Sony’s books for the previous quarter as the company ramps up manufacturing before it starts to bring in more revenue. Sony does say that its profits were hit by an increase in costs, while revenue was reduced by a predictable decrease in PS4 sales. Higher game...
Continue reading…
from The Verge - All Posts https://ift.tt/35MnAsa
Related Posts :
Fortnite’s Halloween event includes a J Balvin concert Photo by ALFREDO ESTRELLA/AFP via Getty Images
Fortnite’s annual Halloween event is back, and this year’s edition sounds like the most ambi… ...- Vivo makes big expansion into Europe
Vivo, one of the largest smartphone brands in the world, is expanding its operations in Europe. The company will now sell phones and access… ...
- Quibi apps arrive on Apple TV, Android TV, and Fire TV Illustration by Alex Castro / The Verge
Quibi, the troubled streaming service focused on “quick bites” of mobile-first content, has just la… ...
- AOC’s debut Twitch stream is one of the biggest ever Representative Alexandria Ocasio-Cortez reacts to being chosen to be an impostor during her first live-streamed round of Among Us, moments … ...
- A long-awaited Willow sequel is official, and it’s coming to Disney Plus Image: Lucasfilm
After years of silence, Disney has confirmed that Lucasfilm’s Willow will receive a sequel, in the form of a TV series com… ...
0 Response to "Sony boosts PlayStation profits despite looming PS5 launch"
Post a Comment