The company’s net profit fell 14.3% to 882.2 billion yen, and group sales increased 10.3% to 9.92 trillion yen (1.8 trillion CZK).
Sony expects its operating profit for the current fiscal year to decline slightly to about 1.16 trillion yen. According to Refinitiv, analysts estimated operating profit would reach 1.21 trillion yen.
Despite weak interest in video games in its full-year results, Sony increased its operating profit by 109 percent to 138.6 billion yen in the fourth quarter due to the performance of its gaming and network services divisions. Sales in the January-March period were 2.2 trillion yen, up 1% year on year. Sony’s net profit for the quarter rose 67 percent to 111.1 billion yen.
Nearly 20 million PlayStations have been sold
The company is benefiting from strong demand for PlayStation 5 game consoles, from which customers can download games and sign up for prepaid services.
In the last fiscal year, 11.5 million of them were sold. Reuters said that since its launch in 2020, nearly 20 million units have been shipped, although a semiconductor shortage has limited production.
Introducing Sony PlayStation 5 TV Console
Video: Manufacturer’s archive
The interest in the PlayStation 5 is currently so high that the vast majority of retailers don’t have it in stock. People should wait quietly for several months after ordering.
Sony is now expanding its software business. In February, the company announced its acquisition of Bungie for $3.6 billion (CZK 85 billion). It is headquartered in Bellevue, Washington. Among other things, the Halo video game series comes from her workshop. It was founded as a private company in 2007, when it separated from Microsoft.
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