Sony: “Strong Momentum” for PlayStation Network; PlayStation VR Sales “in Line With Expectations.”

Sony underlines the strong momentum for sales of PlayStation Network and mentions that PlayStation VR is selling as the company expected.

on February 2, 2017 2:42 AM

During Sony Corporation’s Quarterly Financial Conference Call, Chief Financial Officer Kenichiro Yoshida talked about the performance of the PlayStation business.

Yoshida-san mentioned that PlayStation Network revenue increased 40% year-on-year, and continue to have strong momentum. On top of that, PlayStation VR is selling “in line with expectations.”

He also explained why the operating income forecast for the full fiscal year remains unchanged, mentioning that the negative impact of foreign exchange is expected to be offset by the strong momentum of the business.

Yoshida-san also commented on the upcoming release of mobile games from the subsidiary Forwardworks. The first games will come in the spring and won’t just leverage existing IP, but there will also be new ones.

If you want to read more about Sony’s financial performance, and specifically about the PlayStation business segment, you can read our full report here.

 /  Executive News Editor
Hailing from sunny (not as much as people think) Italy and long standing gamer since the age of Mattel Intellivision and Sinclair ZX Spectrum. Definitely a multi-platform gamer, he still holds the old dear PC nearest to his heart, while not disregarding any console on the market. RPGs (of any nationality) and MMORPGs are his daily bread, but he enjoys almost every other genre, prominently racing simulators, action and sandbox games. He is also one of the few surviving fans of the flight simulator genre on Earth.