PlayStation has had its best-ever financial year, Sony reported, thanks to the launch of the PlayStation 5.
Sony said in their earnings report that this growth was due to an “Increase in game software sales including add-on content” as well as an “Increase in hardware sales due to PlayStation®5 (PS5™) launch.”
Selling 7.8 Million PlayStation 5 units, it’s no surprise that this has been a successful year for Sony. This number will likely continue to soar with the PlayStation 5 console still highly in demand even half a year after release.
Interestingly, while the PlayStation 5 launch has undoubtedly been a success, it’s an area Sony has lost money due to the “strategic price points for PS5™ hardware that were set lower than the manufacturing costs.”
With Sony also reporting growth in Operating Income due to an “Increase in Network Services sales, mainly from PlayStation®Plus” it’s clear that a loss from PlayStation manufacturing is far from a concern, especially as into FY2021 they are hoping for an “Improvement in hardware profitability.”