8.4 Million PS4 Units Shipped in Last Quarter; Sony Posts Strong Quarterly Results
Sony Corporation just posted its financial results for the third quarter of fiscal year 2015, ended on December 31st.
As usual, PS4 sales are front and center in the company’s statements, with 8.4 million units shipped between October 1st and December 31st.
The company as a whole ended the quarter in the black, with solid figures for both revenue and income, improving results year over year.
The Game & Network segment showcased a sizable growth year over year, mostly due to increased sales of PS4 consoles and software, partly offset by declining PS3 sales.
Sony also provided a full breakdown of the results of the gaming segment in the accompanying press release.
“Sales increased 10.5% year-on-year (an 11% increase on a constant currency basis) to 587.1 billion yen (4,892 million U.S. dollars). This significant increase was primarily due to increases in PS4 software sales and PS4 hardware unit sales, partially offset by a decrease in PlayStation®3 (“PS3”) software and hardware sales.
Operating income increased 12.6 billion yen year-on-year to 40.2 billion yen (335 million U.S. dollars). This increase was primarily due to the increase in PS4 software sales as well as the absence in the current quarter of an 11.2 billion yen write-down of PS Vita and PS TV components recorded in the same quarter of the previous fiscal year. Partially offsetting the increase in operating income were the negative impact of the appreciation of the U.S. dollar, reflecting the high ratio of U.S. dollar-denominated costs, and the decrease in PS3 software sales. During the current quarter, there was a 19.2 billion yen negative impact from foreign exchange rate fluctuations.”
Moving on to the outlook for the future, the company retained the previous forecast of 17.5 million PS4 units to be shipped for the whole fiscal year ending on March 31st. On the other hand, the forecast for operating income of the network services business was slightly increased by five billion yen.