Sony sets record with three-fold jump in Q1 operating profit

The sims 4 perfect patio stuff
Sony hikes PlayStation Plus fees by a quarter
Author

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.


More news


  • 3 world records fall on 3rd day of swimming worlds

    3 world records fall on 3rd day of swimming worlds

    I thought I was going to go slower because I was a little bit less energetic. "I'm feeling very good. You have to have a lot of power to swim it and it suits him perfectly to his strokes.
    Oil Rises as Saudi Arabia Pledges Deep Cut to August Exports

    Oil Rises as Saudi Arabia Pledges Deep Cut to August Exports

    West Texas Intermediate crude September contract was at $46.22 a barrel by 7:05AM ET (1105GMT), up 45 cents, or around 1%. Falih is under pressure to keep the OPEC deal from falling apart and raise prices higher, the Journal has reported.

    David de Gea to stay with Man United: Mourinho

    Several reports have Danilo , a 26-year-old right-back who helped Real's Champions League titles runs the past two seasons, set for Manchester City pending a medical.
  • Starbucks to close all 379 Teavana locations

    Across the country, food traffic many malls and food courts (where most Teavana locations are found) has been steadily declining. Crain's Detroit reported Starbucks stated low sales growth in a competitive market as reasons the company is closing the chain.
    BMW denies role in 'secret cartel' of diesel emissions cheating

    BMW denies role in 'secret cartel' of diesel emissions cheating

    Daimler announced on Tuesday that it would modify three million Mercedes vehicles in Europe to reduce their diesel emissions . And on Friday, Audi said it would retrofit 850,000 diesel cars to improve their emissions in " real driving conditions ".
    Jim Armitage: Reckitt Benckiser's food deal cuts the mustard

    Jim Armitage: Reckitt Benckiser's food deal cuts the mustard

    Reckitt Benckiser's brands include Enfamil, Nutramigen, Clearasil, Lysol, Veet, Calgon, Woolite and Air Wick. McCormick, which expects the hot sauce category to continue seeing robust growth, has been trying to expand.
  • John Kelly is new chief of staff; Reince Priebus out

    John Kelly is new chief of staff; Reince Priebus out

    Homeland Security Secretary John Kelly is the new White House chief of staff, President Donald Trump has announced via Twitter . Spicer had adamantly opposed bringing on the NY financier and former Trump campaign fundraiser, multiple sources said.
    Oil Rises For Third Day As US Stockpiles Expected To Fall Again

    Oil Rises For Third Day As US Stockpiles Expected To Fall Again

    Last week, OPEC formally agreed to extend the current deal to cut oil production by 1.8 million barrels per day until March 2018. LOOP LLC (LOOP) - operator of of the largest privately-owned crude oil storage and transportation logistics facility in the U.S.
    'Pokemon GO': Niantic confirms first Legendary creature, but there is catch

    'Pokemon GO': Niantic confirms first Legendary creature, but there is catch

    The first official Pokemon Go event, which has been dubbed Pokémon Go Fest, is taking place this upcoming weekend in Chicago. At that point, they need to work together to defeat the Legendary Pokemon using the game's new cooperative raids feature.
  • Putin critic says Russian lawyer's Trump Tower meeting was about sanctions

    Putin critic says Russian lawyer's Trump Tower meeting was about sanctions

    The hearing on Wednesday pertained to violations by Fusion GPS of the Foreign Agents Registration Act, otherwise known as FARA. Veselnitskaya "without a doubt" acted on behalf of the Russian government to create "chaos" in the American political system.
    Taiwan market: Motorola launches Moto Z2 Play

    Taiwan market: Motorola launches Moto Z2 Play

    Moto Mods have been hailed by both critics and consumers alike as the most practical implementation of the modular phone concept. Running Android 7.1.1 Nougat, the smartphone comes equipped with dual 12MP rear cameras with f/2.0 aperture and LED Flash.
    Texas Senate to Convene After Midnight Thursday to Kick-Start Special Session

    Texas Senate to Convene After Midnight Thursday to Kick-Start Special Session

    Dan Patrick , say the bill protects the privacy of women and children. "I think it would be a disaster", Smith said. Smith took the photo on Friday after Abbott held a rally in San Antonio to announce his re-election bid.