Sony profit tops estimates on PlayStation


The company also stated that revenue went up by 5.1% to ¥1.95 trillion (~$17.42 billion), highest than the market expectations of ¥1.87 trillion (~$16.71 billion).

Sony predicts that by end of March 2019 they will have shipped up to 96 million units, adding up around one million more units than previously predicted. (SON.L, SNE) reported that its first-quarter net income attributable to stockholders rose to 226.4 billion yen or $2.08 billion from last year's 80.9 billion yen.

PlayStation 4 is without a doubt the best console you can opt for at the moment with the likes of upcoming games like Spiderman PS4, you can't make a mistake of choosing something else.

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Annual sales are now projected to rise slightly, with operating profit unchanged.

The strong results led to an increase in the company's full-year forecast.

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

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Sony has revealed that the last quarter's PlayStation 4 hardware sales has brought the total units sold to 82.2 million.

In May, Sony unveiled a USD1.9-billion deal to buy industry titan EMI Music Publishing, which has the rights to songs by the likes of Queen and Pharrell Williams.

Separately, Nintendo Co yesterday said its quarterly net profit jumped 43.9 percent year-on-year to US$275 million, driven by the global popularity of its Switch console and game titles.

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Despite being the third game in the Mafia series, it's not necessary for you to have played the first two games because it features a different protagonist and story. This is a nice leap from the 79 million the system was at back in April, meaning that 3.2 million units sold throughout the late spring and early summer. The division is expected to report an annual loss around JPY 30 billion, worse than the 27.6 billion the previous year, and twice the loss forecast by Sony in April.