PS5 sales in the first quarter of 2024 will be 2.4 million units, and Sony's game-related business will achieve sales of over 860 billion yen thanks to strong software and internet services.
Sony Group has reported its financial results for the first quarter of 2024 (April to June). The Games & Network Services segment recorded sales of 864.9 billion yen, a significant increase from the same period last year, and it was also revealed that sales of PlayStation 5 during the same period amounted to 2.4 million units.
Sony Group Portal | FY2024 Q1 Earnings Briefing
Consolidated sales excluding finance for the first quarter of fiscal year 2024 increased 12% year-on-year to 2,567.4 billion yen, and operating profit increased 25% year-on-year to 249.1 billion yen. Consolidated sales increased 2% year-on-year to 3,011.6 billion yen, operating profit increased 10% year-on-year to 279.1 billion yen, and net profit increased 6% year-on-year to 231.6 billion yen.
Performance by segment is as follows:
Revenues in the Game & Network Services segment for the first quarter of 2024 increased 12% year-on-year to 864.9 billion yen.
According to Sony, the number of monthly active users of the PlayStation as a whole reached a record high of 116 million accounts in June, and the total play time also increased by about 8% compared to the same period last year. In terms of software titles, '
On the other hand, PlayStation 5 sales in the first quarter of 2024 were 2.4 million units, down about 27% year-on-year. Full game software sales also totaled 53.6 million units, down about 5% year-on-year. According to Sony, first-party software sales increased due in part to the impact of exchange rates. The Games & Network Services segment is the segment with the highest sales, and there is no doubt that it is a major business for Sony.
In the Imaging & Sensing Solutions segment, sales for the first quarter of 2024 increased 21% year-on-year to 353.5 billion yen due to increased sales of mobile image sensors and the effect of exchange rates. Operating profit also increased 188% year-on-year to 36.6 billion yen.
Sony commented, 'The smartphone product market during this quarter continued to show a gradual but steady recovery globally from the previous quarter. In addition, the trend toward polarization of price ranges in the product market, particularly in China, continues. This has also influenced the expansion of the high-end smartphone market, and we are seeing further progress in the increase in the size of the sensors we ship.'
Related Posts:
