PS4 hardware sales dropped year-on-year in Q3 2017, but software sales more than made up for the decline.
Announced in Sony’s latest earnings report, the games division as a whole earned ¥718 billion ($6.5 billion USD), a 16.2% rise. That led to ¥85.4 billion ($778m) in profit - a 50% increase on last year.
Software made up ¥300.4 billion ($2.7 billion) of that number, making a 71% rise on last year. Hardware sales dropped from 9.7 million to 9 million, resulting in ¥270.6 billion ($2.5 billion) in revenue.
ony as a whole has had a good quarter, earning ¥2.7 trillion ($25.5 billion) revenue - an 11.5% increase - but turning that into an enormous 1407% rise in net profit year-on-year.
The biggest news from Sony’s earnings event, however, came as Kaz Hirai announced he would step down as CEO after a six-year stint in charge.
Source: IGN