Yesterday Nintendo grabbed all the headlines by posting their end-of-year financial results, but Sony also had their 2017 fiscal year end on March 31. So, how did the industry leader fare over the past year?
Well, first the good news – the PlayStation 4 continues to be a phenomenon, shipping 20 million units in fiscal year 2017 (which ran from April 1 to March 31). This pushes Sony past the major milestone of 60 million PS4 units sold. A substantial portion of those 20 million PS4s were sold during this past holiday season, when Sony broke records, selling 9.7 million consoles in a single quarter.
By comparison, Sony sold 2.9 million PS4s during this fiscal year’s final quarter (January 1 to March 31), which is still nothing to sneeze at. All told, Sony’s gaming division made ¥1.65 trillion, or around $14.75 billion, over the past year, a 6 percent increase.
So, the PS4 is doing gangbusters, but what about the rest of the company? Not quite as impressive. Sony’s mobile phone division dropped 32 percent, and other traditional money makers like home electronics also took a hit. Overall, Sony made ¥7.6 trillion, or around $68 billion, across all its divisions. That’s down 6 percent from last year, but yeah, don’t feel too sorry the company. They’re making out just fine, largely due to their gaming division. This is also a potent reminder of just what a juggernaut Sony is compared to a dedicated game maker like Nintendo.
For next year, Sony is hoping to sell another 18 million PS4s. That’s a slight downgrade from this year, but the console will be turning five next year. Traditionally that’s when most systems have been retired. I very much doubt that will happen with the PS4, but it’s natural that sales might start to taper off a bit.
Check out WWG’s coverage of all things PlayStation 4 related, right here!