Strong Revenue Attest to PlayStation and Sony’s Success

We learned about PlayStation’s financial performance through Chief Financial Officer Kenichiro Yoshida. During the Corporation’s Quarterly Financial Conference Call, he talked about the revenue of PSN, reporting a 40% per year increase; moreover, shipping 57 million PS4 consoles since December, 2016.

Additionally, Yoshida confirmed the state of PSVR, stating it’s “in line with expectations.” Although, we never suspected Sony to leave PSVR in its current state. Like Oculus, they will undoubtedly keep innovating until it can mime the momentum of PS4 and and PSN. And in keeping with Sony’s optimism, Yoshida also addressed the effect of foreign exchange, stating that they can overcome the negative impact via said momentum.

Sony’s next reliable revenue stream may come from the mobile market. Subsidiary Forwardworks is currently working on proven names and new IPs for mobile device, which may appeal to a mass-market audiences through release of first-party names as Nintendo plans with Fire Emblem Heroes. Either way, things are looking up for Sony.

But what do you think of this latest news for PlayStation and PSVR? Comment down below and let us know. And for more of the latest on gaming, keep updated with COGconnected.





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