Sony released its financial earnings report for the fiscal year ended on March 31, 2017. In the Game and Network Services division, which contains the PlayStation brand, sales were up 6.3 percent year-over-year, landing at $14.7 billion. Sony attributed the growth to PS4 hardware and software sales, noting there was a bit of loss thanks to foreign exchange rates.
Sony shipped 20 million PlayStation 4 units for the fiscal year, making this the best year in the system's short history. Last year at this time, the company said the system had shipped 40 million units in total. This should bring total shipments of the system to around 60 million, keeping it on pace with the PlayStation 2, which was the best-selling home console ever. The company didn't offer hard numbers for the PlayStation 4 Pro or PlayStation VR.
"PS VR and PS4 Pro, which went on sale last fall, both continue to sell well, which demonstrates the achievements we made when launching new products in FY16," said the company in its presentation.
Sales and operating income are both expected to increase significantly year-on-year primarily due to an increase in network sales, likely in software. That said, Sony expects the sales pace to slow, estimating only 18 million PS4s shipped for fiscal year 2017.
"Three and half years have passed since the launch of PS4, and we expect annual unit sales in FY17 to decrease year-on-year to 18 million units, but some major software titles are scheduled to be launched and we believe we are in the harvest phase of the platform," said Sony.