PlayStation 4 Sales Finally Surpass the PlayStation 3

PlayStation 4 Sales Finally Surpass the PlayStation 3

PlayStation 4 continues with excellent results at the commercial level. The PlayStation division brought Sony a total profit of around $750 million, that is twice as much as any other department did.

Operating profit was ¥195 billion ($1.75 billion) in the June quarter, the Tokyo-based company said Tuesday, compared with analysts' average projections for ¥145.4 billion.

Sony also gave a forecast for the full fiscal year for the Game & Network Services segment, which includes sales from the PlayStation Network. They are up 36%, from 348.1 billion yen for this time a year ago, to 472.1 billion yen for Q1 FY2018.

Under that strategy, the gaming business saw profit increase to 83.5 billion yen in the three months ended June from 17.7 billion yen a year earlier, as high-margin online software and new first-party titles such as "God of War" and "Detroit: Become Human" compensated for slowing sales of PlayStation 4 consoles.

Giuliani: It's time for Mueller to put up or shut up
He said about ten of them feature Cohen and reporters, while another one is a tape of Trump, Cohen and CNN anchor Chris Cuomo. A successful conviction would give momentum to Mueller since the probe began 14 months ago.

In gaming, profit rose nearly five times to 83.5 billion yen, as high-margin online software and Sony-made titles such as "God of War" compensated for slowing sales of PlayStation 4 consoles. Analysts expect the September launch of "Marvel's Spider-Man" to further lift gaming profit. That gain came from the sale of Sony's camera module unit and the receipt of insurance payouts for natural disaster damage. Its imaging sensors have long benefited from smartphone demand.

It kept its profit forecast for the year ending March at JPY 670 billion, down 8.8 percent on year, citing various potential risks including competition in smartphones. Year-over-year, this division has seen a 36% increase in sales and a 4.7 times increase in operating income. The average of 24 analyst estimates is 755 billion yen.

"In parallel with an increase in digital sales, software sales also have been moving in good shape towards the holiday season", it said.

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