October 28, 2020
1 min read

Sony witnesses huge growth in PlayStation business

Riding on the stupendous PS4 sale, Sony’s PlayStation-related revenue reached 507 billion yen ($4.9 billion) along with an operating profit of $1 billion for its July-September quarter.

The PlayStation Plus subscriber reached 45.9 million (as of September 30) while PlayStation Network had 107 million monthly active users.

Sony’s big PS4 release for the quarter was the open-world samurai adventure Ghost of Tsushima, which came out in July and sold 2.4 million copies in its first three days.

Nearly 1.5 million PS4 units were purchased by retailers worldwide.

Sony has now revised its full-year gaming forecast, expecting to make 2.6 trillion yen in revenue and 300 billion yen in profit by the end of March 31 – a 26 per cent increase in both revenue and profit.

Sony PlatStation5 is set to arrive next month globally.

The company said that while the gamers in India are excited to get their hands on PS5, availability is subject to local import regulations.

“Our local teams are working through the logistics. We will share an update on the launch date for India as more information becomes available,” the company said in a statement earlier this month.

The PlayStation 5 is set to hit the shelves on November 12 in the US and the rest of the world on November 19.

Sony last month apologised for PS5 pre-orders being a bit of a mess which caused many gamers to miss out on securing a console.

“However, necessary measures are being taken and preparations are underway with the aim of ensuring that many strong titles can be released from Sony’s first-party studios and its partners’ studios in connection with the launch of PlayStation 5,” it said.

Also Read: Cloud business powers Microsoft to a 12% growth

Previous Story

Bumrah, Yadav shines as Mumbai grabs 5 wicket win over RCB

Next Story

NTPC to cut pollution with 50 billion yen JBIC loan

Previous Story

Bumrah, Yadav shines as Mumbai grabs 5 wicket win over RCB

Next Story

NTPC to cut pollution with 50 billion yen JBIC loan

Latest from Business

Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News

UK firms land £330m Africa deals

British exporters are set to benefit from more than £330 million in contracts for schools, water, electricity and government infrastructure projects in Guinea and Benin…reports Africa Daily News Desk British businesses are

US Bans DeepSeek from Government Systems

Washington has barred Chinese AI technology from civilian government agencies, citing wider concerns over security and competition as the US seeks to maintain its lead in artificial intelligence, reports Asianlite News Desk.
Go toTop