Record PS4 Units Shipped, but Sony Profits Down By Half

Despite a strong outing from the PlayStation brand, Sony’s profits are down for Q3; October 1, 2016 to December 31, 2016.

From a PlayStation perspective, things look very rosy. For the period, 9.7 million PS4 units were sold, an increase from 8.4 million for the year prior, and the best-selling three months for the console in its history. Sony plans to have shipped 60 million units by March, 2017.

Sales increased 5.2 percent year-on-year, while Operating Income for the Games & Network Services sector increased to 50 billion yen ($431 million). The reason for the increase, per Sony, is due to the lower PS4 price-point, PS4 software in-store and via the PSN, and the recent release of PlayStation VR.

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