Sony Financials: PS4 Shipments Reach 63.3 Million Lifetime, Operating Income Drops 60%

Yeah. I’d look that miserable too in that weather

You can check the figures out in the table below, with income firmly in the black.

In fiscal 2017, attributable net income was 73.3 billion yen, operating income was 288.7 billion yen and sales and operating revenues were 7.60 trillion yen.

The accompanying press release included detailed information on the whole company's performance during the quarter.

The results are bound to please investors, who last week drove Sony's shares to a year-to-date high, betting that annual operating profit will eclipse the record 525 billion yen marked in fiscal 1997. That represents a 15.2 percent increase in revenue - which the company said primarily came from increases in its financial services and semiconductors segments - and a 282 percent increase in net income.

"Sony's networks have been major players in the anime space for almost two decades, and in more recent years we have rapidly increased our networks' over the top and digital offerings to consumers", Andy Kaplan, president of worldwide networks for Sony Pictures Television, said in a statement.

The company left unchanged its full-year operating profit forecast at ¥500 billion - which if achieved will be its best level in two decades - but raised its sales forecast to ¥8.3 trillion from ¥8.0 trillion. Sales and operating revenue are now expected to grow 9.2 percent from past year to 8.3 trillion yen, higher than previous forecast of a growth of 5.2 percent to 8 trillion yen.

More importantly, we get an update on PS4 shipments.

It's worth mentioning that these are sell-in numbers to retailers. During the Electronic Entertainment Expo (E3 2017) in June, the company confirmed that the sales number was 60.4 million worldwide. The gains in this industry are well-developed thanks to sales of PS4 software, including digital versions, and thanks to the support provided by the PlayStation VR, which has benefited from recent discounts on the console price. With the launch of the PlayStation 4, though, PlayStation Plus went from a nice-to-have to a near-mandatory requirement, with Sony choosing to lock online multiplayer for the majority of titles behind the subscription wall - meaning without paying for a PlayStation Plus subscription, you're relegated to a single-player experience. But it would still be the highest since 526 billion yen in the year ended March 1998, when strong sales of consumer electronics including its first PlayStation coincided with box-office hit "Men in Black".

The decline in earnings happened due to the price cut on hardware and the negative impact of the exchange rate between yen and dollar. Sony expects the PS4 to be as successful as the PS2 and it seems that the console might achieve it as Sony has revealed the total shipped units for PlayStation 4.

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