Declining sales of PlayStation hardware caused revenue to tumble for Sony Corp., but the Japanese firm said that the COVID-19 pandemic has not affected its launch plans for PlayStation 5.
In the year ended March 31, 2020, Sony's Game and Network Services division earned ¥1.98 trillion ($18.5 billion), down 14% year-on-year. The games division made an operating profit of ¥238 billion ($2.2 billion), down from ¥311 billion the year before.
Sony attributed this decline to both falling hardware sales and a lack of major first-party releases on the level of God of War and Spider-Man.
Sales of the PlayStation 4 dropped to 1.5 million units in the fourth quarter, down from 2.6 million in Q4 of 2019. Sony sold 13.6 million units of PS4 during the fiscal year overall, down from 17.8 million.
The PlayStation 4 has now sold more than 110 million units overall.
The key area of the games business that showed improvement was PlayStation Plus, which saw a boost in subscribers. The service now has 41.5 million subs, up from 36.4 million a year ago.
The decline in video games contributed to the company's
Welcome to the DCEmu Homebrew and Gaming Network. This Network of sites is owned and ran by fans of all games consoles, we post news on all the consoles we cover about hardware aspects, gaming and Homebrew. Homebrew and Emulation are software thats made using free and legal tools to play on games consoles. This Network is the only worldwide network of sites where coders can upload and post comments they deserve for all their hardwork. We have a Network that currently supports PSVita, WiiU, Nintendo Wii, Xbox360, PS3, PS2,PS1, Snes, N64, Gameboy, Nes, Xbox, Gamecube, Nintendo DS, PSP, GBA, Dreamcast, Sega Saturn,3DS, DSi, Switch, PS4, Pandora, xboxone, GP2X, iPhone, Windows Phone, iPad, Android and also Mobile Phone Emulation. When new consoles appear we will expand to cover those consoles. We also cover Theme Park News and news and reviews of Beer, cider, lager, wines and spirits.
news of their own releases and get the credit and
Please help DCEmu become stronger by posting on the forums every day and make our community larger.