02 August, 2017
Sony Corp's total profits for the Q1'17 period were 80.9 billion yen ($732.22 million), representing yet another dramatic year-over-year earnings spike of 282.1%.
You can view the full financial results here. On a constant currency basis, sales increased 14%. The latest actual sales number that Sony provided was 60.4 million, a figure the company disclosed during E3, good through June 11.
Also helping Sony's bottom line was the absence of the damage it suffered from the April 2016 natural disaster in southwestern Japan that shut down its semiconductor plant, and gains from insurance recoveries related to that quake, it said. Sales were up 15.2 percent to 1.86 trillion yen.
Launched in 2010, PlayStation Plus offers PlayStation 3, PlayStation 4, and PlayStation Vita owners free games - which remain accessible only so long as the subscription remains active - and discounts on other titles plus 10GB of remote storage for game saves.
Despite the drop in PS4 sales, the Games and Network division saw an increase in sales by 5.4 percent year on year thanks to PlayStation VR and digital game sales.More news: Here's How Much Plastic Humanity Has Produced
Sony has been trying to diversify its revenue sources, and the quarter saw most divisions - music, mobile phone, TV, camera - post profits.
While sales were up, Operating Income fell by 59.7% to 17.7 billion yen, "primarily due to the absence of the significant contribution from Uncharted 4", as well as that PS4 price drop.
Operating income, meanwhile, has been given a ¥10bn upward revision to ¥180bn, again due to the positive impact of foreign exchange rates. Notably, Sony Interactive Entertainment predicts to ship 18 million units, which means that the company expects lifetime PS4 shipments to reach 78 million by the end of March.
The press release, which accompanied the publication of this data, provided some very interesting details, coming in specifically with regard to the performance of the entire company during the first three months of the fiscal year.