Published: Sun, February 04, 2018
Hi-Tech | By Cory Rios

PlayStation software shines as hardware stagnates — Sony financials

PlayStation software shines as hardware stagnates — Sony financials

The Japanese giant sold 9 million consoles from October to December 2017 with the company set to cross the PS3 number by the end of the first quarter of 2018. Together with the graphic change option, these two modifications represent a significant evolution of Sony's console, adding it a higher level of versatility and an improved user experience altogether. Sales for the console were at 67.5 million as of September 30 2017, according to Sony's previous quarterly earnings report, bringing the total to 76.5 million.

We'll update our readers when we have more info. If not this quarter, than certainly by the middle of the year the PS4 will overtake the PS3 in terms of sales.

Sony revealed its Q3 earnings of 2017 with one major reveal - the PlayStation 4 almost outselling its predecessor the PlayStation 3. As a whole, Sony's game division earned 718 billion yen (around $6.8 billion in US currency) in revenue. Operating income was boosted 239 percent, to $3.1 billion. The company pulled in $2 million in profit for the period, which is up from previous year.

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Thanks to this performance, overall sales rose from from ¥617 billion (~$5.6 billion) to ¥718 billion (~$6.5 billion) and profit amounted to ¥85 billion (~$773 million), with an increase in PS4 software sales being cited as one of the reasons for this growth. More importantly, Sony's profit shot through the roof, climbing a staggering 1,407 percent to 296 billion yen (~$2.68 billion).

In other Sony news, CEO Kaz Hirai-who was previously the boss of the PlayStation business, has stepped down. Sony CFO Kenichiro Yoshida will take his place.

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