PlayStation 4 Sales Saw Robust Growth During The Holiday Quarter

Sony’s console business continues to perform very well for the company. It released its third fiscal quarter earnings which reveal that the PlayStation 4 saw robust sales during the holiday quarter last year. Sony’s game and network service revenue was also up in the previous quarter and so was its operating income. So even though it faces challenges elsewhere, the console business continues to bring in the big money.

Sony previously confirmed that it sold more than 6.2 million units of the PlayStation 4 during the holiday season last year. It has sold close to 54 million units of the console ever since it was first released back in November 2013. Sony also revealed in its earnings report that it has sold more than 50.4 million copies of PS4 software.

Sony brought in game and network service revenue of $5.3 billion for the third fiscal quarter ended December 31st, that’s up from $5.2 billion during the same period last year. Operating income climbed to $431 million from $372 million a year ago.

While the company continues to provide the sales figures for its console, it has yet to confirm how many units of the PlayStation VR it was able to sell. The company launched its virtual reality headset during the quarter that ended on December 31st, 2016.

Sony will continue to push the PlayStation 4 and PlayStation 4 Pro. It’s expected to focus more on software this year as no major PlayStation-related hardware launches are expected now.

Adnan Farooqui
Categories: Gaming
Tags: PlayStation 4, Sony