Sony announced its financial results for the first quarter of fiscal year 2018, which is related to the period between April 1st, and June 30th, 2018.
As usual, we get an update on the number of PS4 units shipped during the quarter. 3.2 million consoles have found their way to retailers around the world. This brings the grand total up to 82.2 million units by June 2018. It was at 79 million three months ago.
It’s worth mentioning that PS4 shipments in the quarter have decreased by 100,000 units year-on-year, which is understandable given the platform’s maturity.
Revenue has significantly increased year-on-year to 472.1 billion yen due to growing PS4 software sales through the network. Operating income has also increased massively to 83.5 billion yen due to the effect of higher sales.
Below you can check out the figures for the quarter for Sony Corporation as a whole, and not only they’re all in the black, but they show a considerable improvement year-on-year.
We also get the forecast for the full fiscal year for the Game & Network Services segment, which combines PlayStation and PlayStation Network. Interestingly, the prediction for shipments of PS4 units has been increased to 17 million units from the previous 16 million forecast disclosed three months ago. This would bring the grand total to 96 million units by March 2019.
The forecast for both revenue and income has also been significantly increased.
“Sales are expected to be significantly higher than the April forecast primarily due to higher-than-expected PlayStation 4 (“PS4”) software sales including sales through the network, the impact of foreign exchange rates, as well as an expected increase in PS4 hardware unit sales. The forecast for operating income is expected to be significantly higher than the April forecast primarily due to the impact of the above-mentioned increase in sales.”
If you’re interested in comparing today’s results with the previous quarter, you can check out our dedicated article from April.