According to Engadget , when the supply shortage is resolved, Sony is receiving huge demand from users for the PlayStation 5 (PS5) game console after a long wait.
The company just announced its second consecutive blockbuster quarter, selling 6.3 million PS5s compared to 2 million last year. This brings the console's total sales for fiscal 2022 to 19.1 million units, beating Sony's own previous projection of 18 million. The company has now sold a total of 38.4 million PS5s since the console was released in late 2020.
Sony sets record for number of PS5s sold in a quarter
However, Sony also faced some bad news on the software front, with game sales falling to 68 million from 70.5 million in the same period last year and below total sales for the fiscal year (264.2 million from 303.2 million in fiscal 2021). PlayStation Network subscribers fell from 112 million to 108 million in the previous quarter, while PS Plus subscribers increased but not by much.
All of this contributed to a significant increase in revenue for the Gaming & Network Services division, which posted 1.073 trillion yen ($7.9 billion) in revenue, up from 665 billion yen ($4.9 billion) the year before. However, operating profit fell due to the impact of foreign exchange rates. For the year, Sony posted 3.9 trillion yen ($29 billion) in revenue, up from 2.7 trillion yen ($19.9 billion) the year before.
The company is confident that this growth trajectory will continue next year, forecasting a 7% revenue increase in fiscal 2023. It predicts increased hardware sales, including peripherals, although the company has not mentioned anything about the PlayStation VR2 results so far.
Sony's video game division continues to dominate the company's other divisions. Overall, Sony set new fiscal year revenue records of 11.5 trillion yen ($84.8 billion) and 1.21 trillion yen ($8.9 billion) in profit.
The company also scored a major victory over its biggest rival. The UK recently blocked Microsoft's merger with Activision over concerns about cloud gaming, although Microsoft has said it will fight the decision.
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