Sony’s Game & Network Services division is celebrating its greatest 12 months ever with 7.8 million PlayStation 5 consoles shipped as of March 31, 2021.

Results revealed for the fiscal 12 months reveal a 34 p.c year-on-year improve in gross sales. Operating revenue elevated from 103.eight billion yen to 342.2 billion yen. Sony attributes this “significant increase” to a rise in sport software program and {hardware} gross sales following the PS5’s launch as effectively as a rise in PS Plus subscribers. However, the rise in working revenue was “partially offset by a loss resulting from strategic price points for PS5 hardware that were set lower than the manufacturing costs, as well as an increase in selling, general and administrative expenses related to the launch of PS5.” Analysts have identified that that is normal follow at the start of a console’s life cycle.

As of March 31st, PS Plus boasts 47.6 million subscribers, up 6.1 million from 41.5 million subscribers throughout the identical interval final 12 months. Elsewhere, Sony revealed that the PS4 has now shipped 115.9 million items.

In phrases of forecast for the fiscal 12 months ending March 31, 2022, Sony expects a year-on-year improve in {hardware} gross sales as effectively as optimistic monetary influence of international alternate charges. However, the corporate expects the rise to be offset by a lower in gross sales of non-first-party titles.

“Operating income is expected to decrease year-on-year primarily due to the above-mentioned expected decrease in sales of non-first-party titles, and an expected increase in cost, primarily for game software development, partially offset by an expected increase in revenues from first-party titles and an expected improvement in hardware profitability,” the presentation concludes.

[Source: Sony]