During Sony’s quarterly financial conference call for investors and analysts, chief financial officer Hiroki Totoki talked about the upcoming PS5 and more.

During Sony’s quarterly financial conference call for investors and analysts, chief financial officer Hiroki Totoki talked about the upcoming PS5 and more.

Totoki-san mentioned that releasing PS5 in the Holiday season 2020 is the “most important step in developing the PlayStation platform.”

He also added that development of PS5 is progressing according to plan and Sony believes that development of games by Sony’s development partners is progressing smoothly.

“We anticipate providing highly-engaging gameplay experiences that both current users of PS4 and potential new users have come to expect.”

We also hear that profitability for PS5 will depend on the price of the console. Sony is “analyzing the cost, the acceptable price in the market, and platform penetration,” but no further information can be added on this at the moment. That being said, Sony is “very conscious of the level of profit for investors and for the marketplace.”

Totoki-san also talked briefly about the acquisition of Insomniac Games, menyioning that it will contribute to further enhance Sony’s first-party software development organization.

Interestingly, he added that going forward Sony will “continue to pursue growth investment opportunities that will enhance its content IP,” possibly hinting yo further acquisitions.

Speaking of PlayStation Now, Totoki-san revealed that the total number of subscribers has exceeded one million as of this month. According to Tatoki-san, this is a great step toward the goal of growing the subscriber base by 50% each year.

With the recent renewal of the service’s offering, Sony aims “to assess the potential of cloud gaming services.”

If you’d like to read more about Sony’s financial performance and get an update on PS4 shipments, you can check out our full article from earlier today.