Sony released its quarterly report between the months of April and June, which is the first quarter of the company’s fiscal year. Overall sales increased 33% thanks to a significant increase in the gaming and network services, music, imaging and financial services businesses.
The company did not disclose the exact number of consoles shipped in the report. He simply stated that gaming and network services grew 27% year-on-year and sales are expected to continue to soar in the following months.
Similarly, we don’t know how many Xperia smartphones were sold between April and June, but the Entertainment, Technology & Services segment saw a 12% year-on-year decline.
The outlook for the rest of the year doesn’t look promising for some Sony divisions. The Pictures division is heavily impacted by the strikes of the Writers Guild of America and the Screen Actors Guild, which will delay the launch and development of film and television titles until the matter is resolved in the United States. The imaging business is also in decline. The decline in smartphone sales worldwide is hitting Sony, a major supplier of camera sensors.
The game division is where the money should come from. Revenue forecast for the full year ending March 31, 2024 was increased to 6.1% due to higher-than-expected sales of titles including non-proprietary games such as Spider-Man 2, Assassin’s Creed Mirage, as well as the Cyberpunk 2077: Phantom Liberty expansion.
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