PlayStation's Q1 sales rise to $5.6bn but operating income down 40%

Originally published on by James Batchelor

Share this article

Companies in this article

Sony has released its results for the first quarter of the fiscal year, showing overall growth in PlayStation sales but some decline in key areas when compared to the same period last year.

For the three months ended June 30, 2021, the company’s Game & Network Services division (G&NS), which encompasses PlayStation, reported sales of ¥615.8 billion ($5.6 billion) — a year-on-year increase of 9.7%, thanks to rising hardware sales.

However, operating income was down 40.6% to ¥83.3 billion ($762.9 million).

This was attributed to a number of factors, including the loss resulting from the “strategic price point”

Continue reading article by clicking here...