Sony Ships 3.5M PS4 Consoles in Q1, PlayStation Division Profits Jump 126% - News
by William D'Angelo , posted on 29 July 2016 / 7,243 Views
Sony released its financial results for the first quarter of the 2016 fiscal year, ending June 30. Revenue for the quarter decreased 10.8 percent to ¥1.8 trillion ($17.6 billion), while operating income decreased 42 percent to ¥56.2 billion ($549.4 million).
The Game and Network Services division saw revenue increase 14.5 percent to ¥330.4 billion ($3.2 billion). Operating income jumped 126 percent to ¥44 billion ($430.1 million)
Sony shipped 3.5 million PlayStation 4 consoles during the quarter and still expects to ship 20 million for the full fiscal year. Software sales through the PlayStation Network saw a "significant increase." PlayStation 3 hardware and software sales continue to decline.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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Noice.
Playstation is such a beast this gen!
Really cool to see so much happening in digital sales this gen, means far more of the profits from gaming go back to the publishers/developers and platform creators rather than places like Gamestop, much happier to send my gaming bucks to the people who deserve it.
Yup, i only buy Games digital this Gen and i think that will never really change again, except for Collectors Edition (maybe) ! But what i would like that the Games Digital could be at least a little bit cheaper, sometimes its even more expensive Digital than Retail which is BS in my opinion !!!
When an old man so I still love my physical copy Unfortunately they taking my physical copy the instruction manual away
** deadly. That's how you do it. But part of me wants to know how many complete rotations all the tires in Driveclub made in Q1. For some strange reason.
The irony of destiny. Sony almost went bankruptcy with ps3 and now ps4 is the biggest product.
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