Sony has already sold more than 4.5 million PlayStation 5 consoles

Sony Playstation 5

After the announcement, it seemed that Sony could not consolidate the stock of its PlayStation 5 console. However, despite the shortage, the company still managed to sell over 4.5 million goats during 2020.

Combined with 1.4 million PlayStation 4 consoles sold, Sony's gaming business recorded the best fiscal quarter in history with revenue of 883.2 billion yen ($ 8.4 billion). That represents a growth of 40 percent compared to 2019.

The company's earnings also grew by 50 percent to $ 763 million, driven by increased game sales. Sony has also had an increase in subscriptions to PlayStation Plus and other online services.

See also: Sony sold 3.4 million PlayStation 5 consoles during the first month, the most so far

Despite the PS5 making a good start, Sony has also confirmed that it is losing money on every PS5 console sold because it set "strategic prices for PS5 hardware that were lower than production costs".

Overall, Sony had a good last quarter, and profitability was recorded in almost all segments, with earnings and operating income growth of 9.5 and 20 percent. Gaming was again the leading sector.

Source: Engadget

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