Tag: Financial
News PS4 Shipments Pass 60 Million as PlayStation Nears Record Profit
Forecasts predict PS4 install base will reach 78 million next year
Sony managed to ship an outrageous 20 million PlayStation 4 consoles between 1st April 2016 and 31st March 2017, putting total shipments of the console up to 60 million units worldwide. As of 1st January the device had sold 53.4 million units directly to consumers, so it's probably...
News Sony Shares Surge Ahead of Predicted Best Profit in 20 Years
Holding out for a Hirai
Sony is expected to record its best profit in two decades this week, which has caused the company's shares to surge. The firm's stock closed 3.84 per cent higher in Japan amid chatter that the organisation may be on the verge of reporting its strongest profit since 1998. The organisation recently indicated that its upcoming...
News PS4 Smashes PS2's Historic Shipment Record by Some Margin
Sony Pictures hurts otherwise solid third quarter
Any signs of the PlayStation 4 slowing down? No, the console is quite literally on fire around the globe, with the device smashing an old PlayStation 2 shipment record in the company's most recently completed quarter. According to Sony's latest financial report, the manufacturer shipped a whopping...
News Sony's Doing Pretty Darn Well at the Moment
Company smashes earnings expectations
For a huge chunk of this site's life, we've reported on Sony's financial losses. You could guarantee that each quarter without fail, the firm would be in the red. But ever since Kaz Hirai took the helm, the company's trajectory has started to change. And, while it's nowhere near the juggernaut that it once was,...
News Sony Sells Shares in Online Gaming Firm for $440 Million
Platform holder freeing up assets
As part of an ongoing effort to stabilise its financial footing, Sony has announced that it’s selling its shares in Japanese online gaming firm DeNA for around $440 million. Games Industry.biz reports that Nomura Securities are poised to snatch up the 17.72 million shares, which will add a few more zeroes to the...
