Sony has released its quarterly report for the period April to June, which corresponds to Q1 on the company’s fiscal calendar.
Sony’s company’s fiscal calendar
The total revenue increased by 33%, driven by significant increases in game and network services, music, imaging, and financial services.
Xperia Division and Network Services
Although the exact number of shipped gaming consoles was not disclosed in the report, the Game & Network Services division grew by 27% year on year. Furthermore, the company anticipates that sales will continue to rise in the coming months.
Similarly, the number of Xperia smartphones sold from April to June remains unknown. However, the Entertainment, Technology, and Services sector experienced a 12% drop year on year. The outlook for certain Sony divisions for the remainder of the year appears less promising.
Images and Imaging
The Pictures division is dealing with the fallout from the Writers Guild of America and the Screen Actors Guild strikes.
Many film and television projects have been pushed back due to the strikes, which will continue until the situation in the United States is resolved.
Meanwhile, the imaging industry is in decline, owing in part to a global decline in smartphone sales, which has a significant impact on Sony as a major supplier of camera sensors.
Division of Games
However, the game division appears to be the most promising revenue generator. The revenue forecast for the entire fiscal year, which ends on March 31, 2024, has been revised upward by 6.1% due to higher-than-expected sales of various titles.
Notably absent from the first-party lineup are Spider-Man 2, Assassin’s Creed Mirage, and Cyberpunk 2077: Phantom Liberty Expansion.
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