Sony has released its quarterly report spanning from April to June, marking Q1 within the company’s fiscal calendar. The collective revenue surged by 33%, propelled by a substantial uptick in the domains of game and network services, music, imaging, and financial services.
Network Services and Xperia Division
Although the specific count of dispatched gaming consoles wasn’t disclosed in the report, the Game & Network Services division exhibited a robust 27% annual growth. Furthermore, the company anticipates a continued upswing in sales over the forthcoming months.
Similarly, the volume of Xperia smartphones sold during the April to June period remains undisclosed. However, the Entertainment, Technology & Services sector did note a decline of 12% when compared year-on-year.
The outlook for certain divisions within Sony for the remaining duration of the year appears less promising.
Pictures and Imaging
The Pictures division is grappling with the ramifications of strikes led by the Writers Guild of America and the Screen Actors Guild. These strikes have postponed many movie and TV projects and will continue to do so until the issue is resolved in the US.
Meanwhile, the imaging business is facing a decline, partially attributed to the global reduction in smartphone sales, which impacts Sony significantly as a major supplier of camera sensors.
Game Division
However, the game division emerges as the prospective revenue generator. The revenue projection for the entire fiscal year, concluding on March 31, 2024, has been revised upward by 6.1% owing to the stronger-than-anticipated sales of various titles.
Notably, this includes games beyond the first-party lineup, such as Spider-Man 2, Assassin’s Creed Mirage, and Cyberpunk 2077: Phantom Liberty Expansion.
Via: GsmarenaÂ
