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Author Topic: Sony release full year report, PlayStation sales leads,also profits from Xperia  (Read 11902 times)

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Sony published its financial report for the full year 2020. The PlayStation 5 edged out the PS4 in terms of early sales and there's strong demand for games and additional services. The situation in the mobile division is improving, but the image sensor division suffered collateral damage from the US-China trade war.

The smartphone business marks a small decline to 2.9 million Xperias sold during 2020, down from 3.2 million the previous year. Note: Sonyís financial year starts in April, so Q3 is the holiday quarter. That quarter saw sales drop from 1.3 million last year down to 1.0 million. Q4 is the January-March period, which matched the year ago performance with 0.4 million units sold.

The good news operating revenue for those three months is actually slightly higher, going from JPY 70,380 million to JPY 74,150 million. This means a higher Average Selling Price (ASP) per unit.

Sony publishes full year report, PlayStation is doing great, profits from Xperia phones improving
Even better, Sony is continuing to reduce the operating costs of its mobile division. This led to a profit of JPY 27,671 million, up from a loss of JPY 21,057 million for the same period last year. All of this helped the whole Electronics division to increase its operating income (the former Sony Mobile a couple of other divisions were merged into Electronics).

Sony sold 3.3 million PlayStation 5 consoles during the January-March period, bringing the total so far to 7.8 million. This is slightly higher than the PS4 managed in a comparable time period after its launch and Sony is still working on increasing production to meet demand. And itís not just that, the company was selling the PlayStation 5 for less than it costs to make (which is typical for consoles in the early months of availability).


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