Technology

PlayStation Has Swiftly Solved Its Profitability Problem

The graphs are going up.You may remember over the past year there’s been a lot of handwringing over PlayStation’s profitability. As is so often the case, this all got bundled up with Xbox’s issues, and numerous thinkpieces were written about the console market as a whole.Well, Sony’s largely already solved the issue. In its latest earnings report – where it confirmed PS5 has shipped 65.5 million units – it revealed an astronomical increase in operating profit, up 184 per cent year-over-year.Read the full article on pushsquare.com

You may remember over the past year there’s been a lot of handwringing over PlayStation’s profitability. As is so often the case, this all got bundled up with Xbox’s issues, and numerous thinkpieces were written about the console market as a whole. Well, Sony’s largely already solved the issue.

In its latest earnings report – where it confirmed PS5 has shipped 65.5 million units – it revealed an astronomical increase in operating profit, up 184 per cent year-over-year. For the three month period ending 30th September, PlayStation posted profits of ¥138.

8 billion (~$909 million), an enormous increase on the razor-thin ¥48.9 billion (~$320 million) it accumulated the year prior. This is also more than double the ¥65.

2 billion (~$427 million) it achieved in the previous quarter. It’s prompted the platform holder to increase its profitability forecast for the current fiscal year, up from ¥320 billion (~$2 billion) to ¥355 billion (~$2.3 billion).

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