PS4 Hits 43.5 Million Shipped as PlayStation Division Doubles Income

PS4 Hits 43.5 Million Shipped as PlayStation Division Doubles Income

Sony's gaming division is doing alright.

Today, Sony released its financial earnings report for the fiscal fiscal quarter ended on June 30, 2016. Sony's Game & Network Services division, which houses the PlayStation brand, saw sales rise 14.5 percent to 330.4 million yen ($3.2 billion). Even more impressive, the division saw operating income more than double, coming to 44 billion yen ($428 million), over 19.5 billion yen ($158 million) in the same quarter last year. It's a record take for the division, higher than the previous win, the third quarter of fiscal year 2015.

The PlayStation 4 shipped 3.5 million units during the quarter. Back in April as part of its financial report for fiscal year 2015, the company confirmed that it had shipped 40 million PS4s. With these numbers, the system has shipped 43.5 million units to date. Sony is forecasting total shipments of 20 million PlayStation 4 systems for this fiscal year.

"This significant increase was primarily due to a significant increase in PS4 software sales including sales through the network, partially offset by the impact of foreign exchange rates and decreases in PlayStation 3 hardware and software sales," said the company in its report.

The big winner for the quarter was Naughty Dog's Uncharted 4, which kept Sony riding high.

Uncharted 4 kept division sales up for the quarter.

"Primarily due to the strong performance of Uncharted 4, a first party title that went on sale in May, operating income increased 24.6 billion yen to 44.0 billion yen," said Sony CFO Kenichiro Yoshida in statements to investors.

Sony lowered its sales forecast in Game & Network Services for the full fiscal year ending on March 31, 2017, due to the impact of a strong yen and other foreign exchange rates. The forecast is now 1.59 trillion yen ($15.4 billion), versus the original 1.68 trillion yen ($16.3 billion) forecast two months ago. That's still 2.5 percent higher than sales for the previous fiscal year.

Strong PS4 software sales are expected to keep that forecast from dropping too much lower. The company will be launching PlayStation VR and potentially the PlayStation Neo during the period.

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Mike Williams

Reviews Editor

M.H. Williams is new to the journalism game, but he's been a gamer since the NES first graced American shores. Third-person action-adventure games are his personal poison: Uncharted, Infamous, and Assassin's Creed just to name a few. If you see him around a convention, he's not hard to spot: Black guy, glasses, and a tie.

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