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Sony’s Q3 profit soars 73%, boosted by PS5 sales
Sony reported a 73% rise in operating profit for the July-September quarter, mainly driven by strong performance in its game and network segments.
The company’s profit reached 455.1 billion yen (US$3 billion), up from 263 billion yen (US$1.73 billion) during the same period last year, boosted by robust image sensor sales.
The game and network services sector, contributing over a third of Sony’s revenues, saw its profits surge to 138.8 billion yen (US$911.5 million).
Sony President Hiroki Totoki attributed the profit increase partly to the shift from PS4 to PS5. This transition lifted software sales significantly.
Recent Sony developments
| Timeline |
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01-Feb-2022 🎮 Sony to buy Halo game creator for $3.6b
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13-Apr-2020 🎮 Sony buys $400m stake in China’s Bilibili
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03-Jul-2019 💡 Sony to launch $185m VC fund with Japanese investment bank Daiwa Securities
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27-Jul-2016 🎮 Sony says China gets PlayStation VR in October
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08-Jan-2015 🎮 Sony cancels this week’s PS4 launch in China, postponed indefinitely
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