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Sony moves from Yearly loss to Profit

Sony moves from Yearly loss to Profit

Sony moves from Yearly loss to Profit

Sony moves from Yearly loss to Profit

 

Sony has released their financials, announcing that they have moved from 126 Billion yen Loss to 147.8 Billion yen Profit thanks to strong PS4 sales and massive restructuring at the company.

This is the second time that Sony has been able to post a profit since the global financial crisis of 2008, meaning that things may have finally turned around for Sony after a few difficult years of layoffs, restructuring and the sale of its former Manhatten Headquarters and VAIO Laptop division.   

  

Sony moves from Yearly loss to Profit  

Sony's 147.8 yen profit (around $1.4 Billion or £950 Million) is a reversal of their losses last year of 126 Billion yen. Par of this success is due to the widespread adoption of the PS4, which has grown to become the fastest rate of adoption Sony has ever seen for a new console since it first launched the Original PlayStation back in 1994. 

Right now over 36 Million PS4s have sold worldwide, outnumbering the competing Xbox One console by a large margin. 

 

You can join the discussion on Sony returning to profitability on the OC3D Forums

 

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Most Recent Comments

28-04-2016, 11:26:36

NeverBackDown
They PlayStation division is doing so well that it makes up for the losses in there other markets. While this is great for them, they can't become to reliant on one market. Especially since there competition is MS, who have deep pockets.Quote
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