PS4 Digital Sales Grew 83 Percent in Lockdown 1m3z3k Hit Quarter

112 million PS4 consoles have been sold and PS Plus has about 45 million subscribers. 4d4o57

By Akhil Arora | Updated: 4 August 2020 14:15 IST

PS4 Digital Sales Grew 83 Percent in Lockdown-Hit Quarter

Photo Credit: Akhil Arora/Gadgets 360 3n5v4r

Highlights

Total quarterly revenue for PlayStation hit JPY 599 billion
Best ever Q1 performance for PlayStation department
PS4 hardware sales suffered during lockdown, naturally

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PlayStation digital sales grew nearly 83 percent year-on-year in this past lockdown-hit quarter, bringing in over JPY 394 billion (roughly Rs. 27,960 crores) in total revenue, Sony revealed in its quarterly earnings report on Tuesday in Tokyo. That also helped its subscription service PlayStation Plus rack up nearly 45 million — as of June end — and 113 monthly active s on the PlayStation Network. Of course, with the world shut down, PS4 hardware sales suffered 40 percent year-on-year. Still, Sony has now sold more than 112 million PS4 consoles in its history globally.

The total Sony Pictures, despite a boost in TV revenue from streaming service sales.

Looking ahead, Assassin's Creed: Valhalla are all launching in late 2020.

Sony Beats Estimates on Gaming, Entertainment Amid Lockdown

For the financial year ending March 2021, Sony is forecasting [PDF] a “significant” 26 percent year-on-year increase in revenue from game and hardware sales thanks to the aforementioned launch of the PS5. Some of that will naturally be offset by an increase in expenses too owing to the PS5, with Sony noting a higher “cost of sales ratio” for the PS5 that will ensure that operating income stays more or less flat year-on-year.

Sony is aiming to manufacture 10 million PS5 units by the end of 2020, up 50 percent from its initial estimate, according to reports from Nikkei and Bloomberg.

Is Nord the iPhone SE of the OnePlus world? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, the episode, or just hit the play button below.

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