Sony net profit soars in April-June quarter

Sony posts 181 percent profit surge for Q1 2017

You can check the out the graph below from the full press release, which compares the results from the final quarter of 2016. That represents a 15.2 percent increase in revenue - which the company said primarily came from increases in its financial services and semiconductors segments - and a 282 percent increase in net income.

Operating income, meanwhile, has been given a ¥10bn upward revision to ¥180bn, again due to the positive impact of foreign exchange rates.

Net income rose 282.1 percent to 80.9 billion yen ($734 million).

Sony, whose sprawling business spans finance, movies, video games and consumer electronics, is seeing better results at its various units, including games, imaging products, semiconductors and home-entertainment systems. Sales and operating revenue are now expected to grow 9.2 percent from a year ago to 8.3 trillion yen, higher than previous forecast of a growth of 5.2 percent to 8 trillion yen. Under the new pricing structure, the cost of an annual membership will increase by a quarter from its current £39.99 level to £49.99; the cost of a quarterly membership will increase by the same proportion, going from £14.99 to £19.99, while the fee for those choosing to play monthly is to go from £5.99 to £6.99.

More importantly, we get an update on PS4 shipments. The figures are 3.3 million up from March 30 at which point Sony had shipped 60 million units of PS4. The total number of PS4 units shipped thus far in its lifetime is around 63.3 million.




It's worth mentioning that these are sell-in numbers to retailers. The gains in this industry are well-developed thanks to sales of PS4 software, including digital versions, and thanks to the support provided by the PlayStation VR, which has benefited from recent discounts on the console price. Income decreased significantly due to the lack of any highly profitable first party game launched during the quarter.

If you had to guess - without looking at any numbers, of course - what modern console is selling more than any other, you'd probably say that it's the PlayStation 4. The increase in sales on a US dollar basis was primarily due to higher sales in Television Productions and Media Networks, partially offset by lower sales in Motion Pictures.

- Physical sales remained strong for recorded music, growing to $301.8 million (33.53 billion yen), up 16.2 percent from the corresponding period previous year, when it totaled $267 million (28.9 billion yen).

The profit surge comes mainly as Sony's image sensor business returned to stability having recovered from quake damage sustained a year ago, the company said.

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