PS4 Shipments Reach 63.3 Million Lifetime, Operating Income Drops 60% — Sony Financials

Sony posts 181 percent profit surge for Q1 2017

For fiscal 2017, attributable net income was 73.3 billion yen or $654 million, operating income was 288.7 billion yen and sales and operating revenues were 7.60 trillion yen or $67.89 billion. A year ago saw the release of Uncharted 4: A Thief's End in this period.

Japanese electronics giant Sony said Tuesday its net profit almost quadrupled in the three months to June, backed by brisk sales of smartphone components and cameras as well as solid revenue from its game business. This is down from 20 million for the previous year. Additionally, 6.7 billion yen and 2.6 billion yen in insurance recoveries, mainly for opportunity losses related to the earthquakes in the Kumamoto region in 2016 ("the 2016 Kumamoto Earthquakes"), were recorded in the Semiconductors and the IP&S segments, respectively.

Earnings per share grew to 62.70 yen or $0.56 from 16.44 yen past year.

Sony's music operation consists of Sony Music Entertainment, Sony Japan, Sony/ATV Music Publishing and 39.8 percent of EMI Music Publishing's net income, as well as its growing Visual and Media platform, which consists of revenue from the production and distribution of animation titles (including game applications based on the animation titles) and various service offerings for music and visual products.

Israel Says Embassy Guard Opened Fire After Being Attacked
In a sign of the importance Israel places on its ties with Jordan , the Israeli government moved quickly to restore calm. The security guard shot dead the Jordanian attacker, while a second Jordanian there at the time was also killed.

- Other revenue was down slightly to 14.9 percent of revenue (down from 15.1 percent). On the other hand, digital download revenue fell 22.1% to $116.5 million.

Sony is sticking to its forecast of $4.53 billion profit for the year to March 2018.

Operating Income - 170 billion yen in operating income ($1.53 billion), up 5.88% from April's 180 billion yen ($1.62 billion) forecast. Television Productions sales increased significantly, primarily due to higher licensing revenue for USA series such as The Last Tycoon and Better Call Saul.

Meanwhile, its video game business in the first quarter saw profit fall by almost half amid a lack of strong software releases and last year's price cut on the PlayStation 4 home console.

Related:

Comments

Latest news

Summer Phoenix files divorce from husband Casey Affleck
In March, Affleck's rep confirmed to ET that the couple had split up, stating, " Casey and Summer have amicably separated". Casey Affleck's wife of 10 years, Summer Phoenix , has filed for divorce from the actor today, according to US Weekly .

Afghan mosque blast 'kills many — BBCI
Shiite Muslims have remained a constant target of militant attacks across various parts of the country over the past few months. The interior ministry later confirmed that two people - a woman and a guard - had died and two were policemen injured.

Chancellor, Seahawks agree to $36M contract extension
The guaranteed money ranks seventh for the position, and $2.75 million less than what was guaranteed to teammate Earl Thomas . I can't really put a time frame on how long I want to play. "As long as the wheels let me", Chancellor said.

Mattis appalled by Trump tweets announcing transgender ban
But neither Carter nor President Barack Obama ever articulated how the new policy would affect military readiness . The only challenge has been in deciding how best to house trans personnel in a manner that best safeguards them.

Profit and Buyback Show HSBC Progressing
The bank said second-quarter net profit jumped by more than half to $3.87 billion as revenues grew faster than expenses. Reported pre-tax profit for the six months to June rose 5% to $10.2bn compared with $9.7bn for the same period in 2016.

Q2 Weather: Cooling trend around the corner
Both Sunday and Monday will have partly cloudy skies in between any showers. Wednesday will be partly sunny with a chance of showers and thunderstorms.

Apple Goes Along With China's Latest VPN Crackdown
Several VPN companies knocked the move, saying Apple may not fully realize what it has done by removing these apps. RIA news agency says that the law is only meant to block the unlawful content from reaching out to the public.

Forecast: Beautiful start to the week; temps in the mid-80s
The start of the week on Monday will continue to remain mostly sunny with low humidity, but temperatures will heat up. Our best chance for storms will Thursday through Saturday as cold front will slow down and stall to our west.

Sensex ends at record high of 32575; auto stocks vroom
The BSE consumer durable goods starred in the rally by surging 1.86%, followed by metal and PSU. Sensex closed 60 points higher at 32,575.

Lavrov says Moscow had to react to U.S. sanctions
Sanctions relief is important to Russia's broader objective of superpower status, shown by its bullish Syria policy. The administration officials and advisers demanded anonymity to discuss the private sanctions deliberations.

Trump sacks Reince Priebus as White House chief of staff
In a statement, Priebus said, "It has been one of the greatest honors of my life to serve this President and our country". JUDY WOODRUFF: Well, it is - as you and I were just saying, it's one more tumultuous day in what's been nonstop tumult.

Donald Trump replaces chief of staff Reince Priebus with retired General Kelly
Bush's administration as the special assistant for prevention, preparedness, and response on the Homeland Security Council. Brooks also said he would have fired Scaramucci over the magazine interview.

Pakistan names Abbasi interim prime minister
Sharif's brother, Shehbaz , who is chief minister of Punjab Province, is a strong contender for the prime minister's job. Abbasi will now need to obtain a trust vote from the National Assembly - a rubber stamp cermony - before he is sworn in.

Gunmen Attack Kenyan Deputy President's Home, Standard Reports
A police officer guarding the gate was shot and injured and his gun snatched before fighting began. By the time of publishing this article, neither Ruto nor State House had commented on the attack.

Two killed in stampede at South African soccer match
Reports coming our of Soweto is that a stampede has taken place at the FNB Stadium, with casualties being reported. Two people have been killed in a stampede at a soccer match in South Africa.

Other news