Despite the launch of the PS5, Sony continues to boost its PlayStation profits

Despite the launch of the PS5, Sony continues to boost its PlayStation profits

Even as the PlayStation 4 era draws to a close, Sony’s gaming division continues to make huge profits for the company. Company Announced PlayStation-related revenue was 507 billion yen ($ 4.9 billion), operating profit of 105 billion yen ($ 1 billion) in the July-September quarter, up 52.40 percent from a year earlier.

With the PlayStation 5 set to launch in two weeks, you expect a significant negative impact on Sony’s books in the previous quarter as the company boosts production before it starts to generate more revenue. Sony says profits were hit by rising costs, while revenue fell due to an unpredictable drop in PS4 sales. However, high game software sales and PlayStation Plus subscriptions are low.

It was Sony’s biggest PS4 release Open-world samurai adventure Ghost of SushimaIt sold 2.4 million copies in its first three days of release in July. Sony claims that this is the fastest-selling new IP on the platform.

Sony has revised its gaming forecast for the year to 2.6 trillion yen and 300 billion yen by the end of March 31. That would be a 26 percent increase in revenue and profit, which would be significant in the first year of a console cycle.

Sony’s revenue is likely to be limited by the number of PS5 consoles in the short term. A Interview with Reuters Today, SIE chief Jim Ryan says the device is in “very high demand” and has been pre-arranged in the US more times than in the first 12 weeks of the PS4. “Not everyone who wants to buy a PS5 on launch day can find it.”

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