• Home
  • Games
  • Games News
  • Sony Says Strong Electronics Sales Offset Fall in Gaming Profit in Q2, Claims 13.4 Million PS5 Units Sold

Sony Says Strong Electronics Sales Offset Fall in Gaming Profit in Q2, Claims 13.4 Million PS5 Units Sold

Sony aims to sell 14.8 million PlayStation 5 gaming consoles this financial year.

Sony Says Strong Electronics Sales Offset Fall in Gaming Profit in Q2, Claims 13.4 Million PS5 Units Sold

Photo Credit: Akhil Arora/ Gadgets 360

Sony says it has sold 3.3 million units of PS5 in Q2

Highlights
  • Sony reported profit of JPY 318.5 billion (roughly Rs. 20,970 crore)
  • TSMC plans to build a chip plant in Japan
  • Sony is enmeshed in a global battle for consumer attention
Advertisement

Sony on Thursday reported a 1 percent rise in operating profit for its second quarter, beating estimates, as a stronger performance in its electronics business offset a fall in gaming profit. The Japanese tech giant says that it has sold over 13 million units of PlayStation 5.

Sony reported profit of JPY 318.5 billion (roughly Rs. 20,970 crore) for July-September. That compared with the JPY 222 billion (roughly Rs. 14,620 crore) average of six analyst estimates compiled by Refinitiv.

Sony, a conglomerate spanning entertainment, sensors, and financial services, switched to IFRS accounting standards from US GAAP in the current financial year.

Sony aims to sell 14.8 million of its PlayStation 5 gaming console this financial year — a target that takes into account the global semiconductor shortage.

The company said in its latest earnings release that 3.3 million units of PS5 in fiscal Q2, notably higher than the 2.2 million units sold last quarter. Total sales of PS5 now stands at 13.4 million units.

To meet long-term demand, Taiwan Semiconductor Manufacturing Co plans to build a chip plant in Japan. Sony is considering being a partner in the factory, Nikkei reported earlier this month.

Across its business, Sony is enmeshed in a global battle for consumer attention as entertainment giants look beyond the United States for growth and mine non-English-language creators for content.

In a blow to Sony's pop culture credentials, South Korea's top cultural export, boy band BTS, said last week it has dropped its Columbia Records label for a deal with Universal Music Group NV.

Other challenges include an investor attempt to oust the management of India's Zee Entertainment Enterprises, casting a shadow over merger talks with Sony's local unit.

© Thomson Reuters 2021


PS5 vs Xbox Series X: Which is the best "next-gen" console in India? We discussed this on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.
  • REVIEW
  • KEY SPECS
  • NEWS
  • Good
  • DualSense is great
  • Very powerful
  • Reduced loading times
  • Friendlier storage expansion
  • Capable of 8K / 120fps
  • 4K Blu-ray player (finally)
  • Bad
  • Expensive
  • Lack of truly next-gen exclusives
  • Not a generation leap over PS4 Pro at launch
  • Game prices now go up to Rs. 5,000
  • Missing next-gen upgrades for PS4 games
  • No "Quick Resume", as on Xbox Series X
  • Limited backward compatibility
  • No support for Dolby Vision, Dolby Atmos
  • SSD storage amount is restrictive
HDD 825GB PCie Gen 4 NVMe SSD
Processor Custom 8-core AMD Zen 2 CPU @ 3.5GHz with SMT
Graphics Custom AMD RDNA 2 GPU 36 CUs @ 2.23GHz (variable frequency)
RAM 16GB GDDR6
USB 4
Weight 4.5kg
Ethernet Gigabit
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Sony, PlayStation 5, PS5, PS5 Sales, PlayStation
Apple Music Is Now Available on PlayStation 5: How to Set Up
Brazil Cab-Hailing Major ‘99’ Adds Bitcoin Purchase Option to Its Digital Wallet 99Pay
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »