PS4 sales fall, but it’s not all bad news for Sony

Sony has sold a total of 76 million PlayStation 4 (PS4) consoles since the unit debuted in 2013, with it expected to offload another 16 million by the time March 2019, which marks the end of the current fiscal year, swings around.

The firm told investors on April 27 that it sold 19 million PlayStation 4 units in 2017, after selling a cool 20 million in 2016. Its forecast for the current fiscal year, ending in March 2019, is 16 million – indicating that sales have now started to slow.

But that’s not such a bad thing, because Sony is raking in the green elsewhere in the PlayStation business; the behemoth revealed that it’s drawing in more PlayStation Plus subscribers and selling more PlayStation software than ever.

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Sony reported that its total operating profit for the PlayStation division as a whole was an eye-watering $1.62 billion in 2017 – and that’s expected to rocket by as much as 7 percent in 2018, despite the forecasted dip in hardware sales.

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“Sales are expected to be essentially flat year-on-year mainly due to an expected decrease in PS4 hardware sales and the impact of foreign exchange rates, substantially offset by an expected increase in PS4 software sales,” said the firm.

“Operating income is expected to increase primarily due to the impact of the above-mentioned increase in PS4 software sales, partially offset by the impact of the above-mentioned decrease in PS4 hardware sales,” it swiftly added.

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