Sony games division generates $172m on back of PS4 launch

Sony games division generates $172m on back of PS4 launch
Craig Chapple

By Craig Chapple

February 6th 2014 at 11:45AM

Profits jump at firm as smartphone sales also increase significantly

Sales of PS4 hardware and software have helped boost Sony's financials as it reported net income of $257m (£158m) for the last quarter.

The games division reported operating income of $172m (£106m), thanks to strong sales of the PS4 which as of December 28th is said to have sold more than 4.2 million units.

Sales and operating revenue for the games division meanwhile stood at $4.2 billion (£2.6bn) for the three months ending December 31st, up 64.6 per cent year-on-year.

Despite the large number of PS4 sales, Sony noted there had been a significant decline in PlayStation 3 sales.

Overall sales at Sony generated $22 billion (£13.5bn), an increase of 23.9 per cent compared to the same period in the previous fiscal year. Sony cited PS4 sales, a significant increase in smartphone sales and favourable foreign exchange rates as reasons for the upturn.

Overall net income income for the Sony business increased to $257m (£158m).