Sony Ships 3.5M PS4 Consoles in Q1, PlayStation Division Profits Jump 126% - News
by William D'Angelo , posted on 29 July 2016 / 6,324 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.
