We all know that the PlayStation 4 has been an immense success for Sony, and it seems that hasn't slowed down over the last 12 months. The platform holder has just posted its results for the financial year 2018, and ultimately, it was the best in the company's history in terms of profit, and that's largely down to its video game sector.
Sony's operating profit is up 21.7 per cent year on year at ¥894.2 billion (about $8.06 billion), with the Games and Network Services segment - PlayStation, basically - accounting for ¥311.1 billion (about $2.81 billion) of that figure. This puts the sector head and shoulders above Sony's other endeavours. It doesn't come as a huge surprise, given PS4's performance -- the console is fast approaching 100 million units sold.
However, Sony's forecast for financial year 2019 is fairly subdued. It seems the company is expecting profits to tail off for a number of reasons. For the gaming sector specifically, it expects software to continue to sell well, but PS4 sales to decrease, which makes sense to us. It also states increased costs from development of its next generation console, which again, lines up with what we'd expect.
What this all means is that Sony is in a very good position right now, and it has PS4's staying power to thank for it. While next year the company's figures might not look quite so rosy, it's clear the platform holder will be going into next gen with its best foot forward.
http://www.pushsquare.com/news/2019/04/sony_just_had_its_best_financial_year_ever_playstation_at_the_heart_of_success
2019-04-26 13:40:34Z
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