God of War "Significantly Exceeded" Sony's Expectations; E3 Reveals "Receiving Strong Feedback"
Santa Monica Studios' God of War is doing much better than Sony expected, and the audience is reacting favorably to the reveals made at E3.
During Sony’s the financial conference call for investors and analysts, Chief Financial Officer Hiroki Totoki gave some interesting details on the performance of PlayStation’s games.
First of all, we learn that the video game business was the primary factor in the significant increase in the revenue forecast for the whole company for the full fiscal year.
The yearly forecast for PS4 software sales was revised upwards due to the fact that God of War by Sony Interactive Entertainment Santa Monica Studios has “significantly exceeded expectations” alongside some third-party titles. On top of that, the games revealed at E3 “are receiving strong feedback.”
First-party game hits were identified later in the call as the primary factor for the upward revision in profit forecast for the Game & Network Services segment. Third-party hits are also a factor. The contribution of third-party games was much greater than Sony’s expectations.
Totoki-san also explained the reason behind the slight decrease in PlayStation Plus subscribers during the last quarter. He mentioned that the difference isn’t major, but during previous quarter hit multiplayer games were released causing PS Plus subscribers to spike, then the numbers naturally stabilized.
That being said, there are going to be releases of major games starting in September and October, and that might cause another expansion of subscriptions.
If you want to learn more about Sony’s financial performance, you can check out our dedicated article.
If you have not purchased God of War just yet, you can grab a copy on Amazon.