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The PlayStation 5 was a hit, Sony reports an increase in profits

According to the Refinitiv survey, analysts expected an average operating profit of 207.96 billion yen. Net profit rose 9.4 percent to 211.83 billion, and sales for the three months to the end of June rose 15 percent to 2.26 trillion yen (CZK 444 billion).

The economy was supported by the high demand for the PlayStation 5, which helped people spend more time at home. On the other hand, the global shortage of semiconductors meant that the company could not manufacture enough consoles to meet demand.

The PlayStation 5 is available in two different designs. The standard five will cost potential applicants CZK 13,490, the version without mechanics called Digital Edition will cost CZK 10,790.

Officially, the sale started on November 19 – abroad a week earlier, ie on November 12. However, since the beginning of last September, people have been able to purchase both consoles as part of pre-orders. And the interest from users was so high that at the time of the official start of sales, there was not a single console on the store shelves – everything was analyzed in the pre-orders. And so far the situation has not improved.

Sony does its best to get the consoles to the players as soon as possible. The ten million mark of sold pieces was broken after about eight months. In the case of the previous PlayStation 4, it was not until nine months later. At five, sales are significantly higher – and logically also deliveries to the market.

PlayStation 5

Photo: manufacturer’s archive

Digital entertainment

The company is more involved in providing entertainment content and distribution. Last December, it agreed with the American telecommunications company AT&T to take over the streaming service Crunchyroll, which focuses on animated programs. It has about three million subscribers worldwide. It has also entered into distribution agreements with Walt Disney and Netflix.

In May, the Japanese manufacturer indicated that it would continue to expand its content business through acquisitions. It intends to spend two trillion yen on strategic investments in the coming years, including efforts to expand the number of subscribers to its gaming and entertainment services.

The company has raised its full-year operating profit outlook to 980 billion from the current 930 billion yen, and its net profit outlook to 700 billion from the current 660 billion yen. According to the media, analysts expect an operating profit of about one trillion yen.

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