On Monday, local time, Sony released its first-quarter results for fiscal year 2020 (April 1 to June 30),media reported. Overall, the company’s overall sales and operating income was close to Y2, 000bn ($19bn), up 2 per cent from a year earlier. In the final stages of the production cycle, the PS4’s sales decline is understandable, with sales of just 1.9 million units, down 40% year-on-year.
While hardware sales are expected to fall, subscriptions to Sony’s PlayStation Plus have risen sharply, with the platform adding 3.5 million subscribers and a subscriber base of 45 million. The global embargo is likely to be one of the reasons for the increase, and the $1,200 new Crown Pneumonia Relief Check issued by the United States may have prompted many home workers to be willing to pay for the $60 annual subscription fee.
The popularity of new crowns may also be responsible for falling sales of physical games and ups and downs on digital games. Nearly three-quarters of game sales come from the PlayStation Store (72%) and non-retail stores (26%).
Since Sony hasn’t even started pre-sale ps5, it’s no surprise that it doesn’t release PS5 sales data or forecasts. However, the report does mention that the release of next-generation hardware will not be delayed.
“With regard to the launch of playStation 5, we are taking the necessary steps and preparing for the launch of the console during the 2020 holiday season, despite the restrictions on workers working from home and restrictions on international travel. At present, Sony itself or partners in the game software development channel has not yet occurred major problems. “
Sony expects a significant increase in gaming and web services after the PS5 launch, but these growths will lead to flat operating income due to higher spending during the PS5 release period. It’s not surprising that the next generation of hardware is usually sold at a loss at first.