After posting surprisingly positive financial results for the first quarter of the fiscal year 2014, Sony held a briefing for Japanese investors, during which Chief Financial Officer Kenichiro Yoshida, Corporate Executive Hiroki Totoki and Senior General Manager Kazuhiko Takeda addressed questions from the audience.
During the Q&A it was mentioned that the performance of the PlayStation business has matched expectation and is currently expanding.
About the games business, we had expectations and the business is expanding as we expected.
Totoki-san also mentioned that the yearly forecast for the games business has been increased, offsetting impairments in other fields of Sony’s business. The plan to match the forecast will be to continue increasing the installed base of the PS4 and acquiring as many active users as possible.
It was also explained why the yearly forecast mentioned increased sales for home consoles, but the actual numbers was left identical as the forecast from May (17 million between PS4, PS3 and PS2). The mixture of sales between PS4 and PS3 is predicted to change, causing an increase in total sales. On top of that production costs reduction is going very smoothly as intended.