PS4 Ships 3.9 Million Units During Q2 Fiscal, Earnings Forecast Cut

Net profit forecast slashed to 60 billion Yen.

Posted By | On 01st, Nov. 2016 Under News


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Sony reported on its Q2 fiscal year 2016 earnings recently and revealed that the PS4 had sold 3.9 million units in this quarter with lifetime sales totaling 47 million units. However, the company projected a net profit of 60 billion Yen/$572 million for the current fiscal year, slashing its previous expectation of 80 billion Yen.

The company also noted that its Game and Networking Services Division saw an 11.3 percent drop in sales and 20.6 drop in operating income year over year during the second quarter (likely due to the recent price drop for the PS4). The division still posted a profit of $188 million off of $3.167 billion revenue.

As for the slashed profit forecast, it was due in part to decreased earnings guidance from the sale of its battery unit to Murata Manufacturing Co. The deal is expected to be done by April 2017.

What are your thoughts on Sony’s struggles, especially with Nintendo also slashing its yearly forecast last week? Let us know below.

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  • The truth-ier

    Sony has struggled for years and years…. Net income this quarter is just 4.8 billion yen, down from 45 billion yen lol, this is what gets me…. sony is a shell of what it was in the 90’s… even its Operating income fell to 45.7 billion yen lol.
    This article is terrible, so the semiconductor division didnt do well, weakness in its gaming business… two divisions it relies heavily on for its small yearly profits(small yearly profits when compared to true giant companies like facebook, MS,APPLE,GOOGLE,Samsung, who make more in one quarter in net income then sony will in 5 years).
    Another important thing is that the dollar depreciated, which had a negative impact.
    Who ever wrote this article knows little about real business, and earnings… i had to be sarcastic, but for sony this is bad, but not so bad because sony is not considered a big player anymore, and it really doesnt have alot of capital, its earnings are always meh, and again its a shell of its former self.

    • J.j. Barrington

      You’re boring.

  • Hvd

    no one is buying it.with the xbox one s being as cheap and better and id even say the few who are going to buy a ps4 pro no one is just going to buy a ps4.

  • kma99

    Crazy black man please report to thr thread. We need damage control

    • -youjustgotburned-

      His taking his time damage controlling, spinning and lying on Xbox articles which finds more interesting than the articles that talk about the console he has “s*x” with every night.

    • J.j. Barrington

      Geez, the things you guys come up with are just so sad.

    • Mr Xrat

      Where’s the damage?

    • kma99

      You forgot to change your alt before you replied

    • J.j. Barrington

      What damage?

  • Riggybro

    It’s great I can get my business news and gaming news all from one site now.

    FYI – I have cancelled my subscription to the Wall Street Journal.

  • Mr Xrat

    Still doing storming numbers after all this time. Crazy. No wonder Xgimps are so mad.


 

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