Home / Software & Gaming / Console / Sony’s PlayStation division made £3 billion in Q3

Sony’s PlayStation division made £3 billion in Q3

Sony hasn’t been in the best financial position recently but the company’s PlayStation division is continuing to help keep the company afloat, generating £3 billion in revenue during the third quarter (holiday season) last year.

That made for a pretty big sales boost, generating an extra 16.8 per cent year on year, mostly thanks to strong sales of the PlayStation 4.

ps4-600x356

Sony managed to shift 6.4 million PlayStation 4 consoles during the quarter, which is up from 4.5 million the year before. However, the ‘favorable’ impact of foreign exchange rates and an increase in PlayStation Plus subscriptions also played a part.

In all, it was a positive quarter for Sony, its sales were up as was its operating income. However, it still expects to end up with a net loss at the end of the current financial year, so it hasn’t fully recovered just yet.

Discuss on our Facebook page, HERE.

KitGuru Says: Sony’s PlayStation division is bringing in a decent chunk of revenue for the company. The company’s financial state appears to be improving thanks to its restructuring.

Via: Eurogamer

Become a Patron!

Check Also

99% of PS4 games will be backwards compatible on PS5

Back during Mark Cerny’s Road to PS5 talk, the Lead System architect caused concern for …