home Latest News PS4 console shipments hit 22.3 million, as Sony goes back into black

PS4 console shipments hit 22.3 million, as Sony goes back into black

Bringing home the bacon for Sony

Bringing home the bacon for Sony

The ongoing success of the PlayStation 4 has helped push Sony back into profit, as console shipments outpace the Xbox One by 50%.

Sony’s PlayStation business has once again been one if its best-performing divisions, with a profit of £261.5 million in the last 12 months. And it’s predicted to make another £218 million next year.

It’s not clear why next year’s figure is less but when things are doing well a drop like that is usually due to research & development costs, perhaps VR headset Morpheus in this case.

Sony as a whole made an operating profit of £372 million. That’s small, almost microscopic, beans compared to the likes of Microsoft and Apple, but compared to… Read the full story

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