While Microsoft is busy setting things right and creating a connected Xbox One/PC gaming ecosystem, Sony seems to be making a killing by shipping out its eighth generation PlayStation 4 console in huge quantity. As a part of its quarterly earnings report for first quarter of fiscal year 2015 that ended on June 30th, Sony has announced that the company shipped out 3 million PlayStation 4 units in the last three months. Significantly outselling Microsoft’s Xbox One console, PlayStation 4 now has an overall shipment figure of 25.3 million, compared to the previously reported 22.3 million systems shipped worldwide.
Sony’s PlayStation 4 has made it past the 25 million mark as the Japanese platform holder reports it has shipped around 25.3 million console units till date. Compared to the last quarter, where the figure was 2.4 million, the number is up by a massive 0.6 million. With peripheral and software shipments also going up, the division is seeing a 12.1 percent increase in sales paving way for ¥288.6 billion and a significant operating profit of ¥19.5 billion. The latest console has once again outrun Xbox One on the sales chart by a huge margin with 3 million units shipped, compared to 1.4 million Xbox One and Xbox 360 unites sold, during the quarter spanning April to June 2015. Sony explained the overall increase in sales in an official press release.
“Sales increased 12.1% year-on-year (a 7% increase on a constant currency basis) to 288.6 billion yen (2,365 million U.S. dollars). This significant increase was primarily due to increases in PlayStation 4 (“PS4”) software sales and PS4 peripheral device unit sales as well as the impact of foreign exchange rates, partially offset by a decrease in PlayStation®3 (“PS3”) hardware and software sales. Operating income increased 15.1 billion yen year-on-year to 19.5 billion yen (160 million U.S. dollars).”
As of June 2015 the PlayStation 4 holds a market share of at least 70% within all European countries. With UK accounting for almost 2 million, Spain 700,000 and France (Dec,2014) 1.1 million units. “Well, we have market leadership in every country in Europe, and have very significant market leadership in continental Europe. Extremely significant. I don’t think market-share’s any less than 70%, and frequently greater than 90% in continental Europe,” said SCEE president Jim Ryan as reported by VG247.
It is true that although PS3 hardware and software sales have remained disappointing and are showing a decreasing trend after the release of PlayStation 4, but revenue generated from the sales of PlayStation 4 hardware and software is gradually making up for the potential losses. Sony is looking to increase the number of PS4 units it ships for FY 2015 from its original forecast of 16 million to 16.5 million. If Sony’s projections are correct, PS4 will hit 38.8m units sold by 31st March 2016.
Sony, at investor day meeting held in Japan about a month ago, discussed their general strategy for the electronics segment of the company in the upcoming years. The continuing success of the PlayStation 4 will surely boost Sony’s efforts to bring about a better gaming experience.
The PlayStation 4 is indeed helping Sony in its path to a financial recovery. What do you think about Sony’s latest console selling out like crazy? Share you’re opinions in the comment section below.