Delayed Games Impact PlayStation Revenue, but PS4, New PS Vita and PS Plus Drive Profits
Sony Computer Entertainment President Andrew House just held a presentation focusing on the PlayStation business at Sony’s Investor Relations Day in Tokyo.
House explained the current earnings forecast for the PlayStation division. PlayStation 4 hardware sales and the launch of a new PlayStation Vita model (that accoridng to House costs “substantially” less to produce) contributed to a profit increase.
Contents and services are roughly flat, while the reduction of the number of release of major titles (due to their delay) influenced income negatively, but this has been largely offset by a profit increase in network sales, driven by PlayStation Plus memberships and game content revenue.
There’s also an impact in the forecast due to investments the company is making in the network infrastructure. The strength of the US Dollar is also negatively influencing the forecast since most of the cost-base for the company is calculated in US Dollars.