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Sony Raises Revenue Outlook As Operating Profit Nearly Quintuples (Playstation First Party exceeds expectations)


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https://www.bloomberg.com/news/articles/2018-07-31/sony-profit-tops-estimates-on-playstation-sales-spotify-gain

 

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The PlayStation unit was again the standout. Its revenue climbed 36 percent during the quarter and operating profit nearly quintupled, riding stronger-than-expected sales of new games including God of War and Detroit: Become Human. More titles were also sold digitally through its PlayStation Network, which generates higher profit margins than through brick-and-mortar stores.

 

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That gave Sony confidence to bump its expectations for the gaming division’s full-year revenue by 15 percent, and raise the outlook for operating profit by 32 percent. It also raised its forecast for PS4 unit sales to 17 million from 16 million.


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Revenue rose 5.1 percent to 1.95 trillion yen, topping the forecast for 1.87 trillion yen.

 

https://www.dualshockers.com/god-of-war-exceed-sony-expectations/

 

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The yearly forecast for PS4 software sales was revised upwards due to the fact that God of War by Sony Interactive Entertainment Santa Monica Studios has “significantly exceeded expectations” alongside some third-party titles. On  top of that, the games revealed at E3 “are receiving strong feedback.”

 

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