PlayStation 5 sales hit all-time high, profit hits record

Sony posted record annual operating revenue on Friday, helped by its chip division and sales of its flagship PlayStation 5 gaming console which hit a record for the financial year.

Here’s how Sony did in the March quarter versus Refinitiv consensus estimates:

• Revenue: 3.06 trillion Japanese yen ($22.7 billion) versus 2.92 trillion yen expected. That represents a 35% year-on-year rise.
• Operating profit: 128.5 billion Japanese yen versus 124.34 billion yen expected. That represents a 7% year-on-year fall.

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For its full fiscal year which ended in March, Sony previously forecast operating profit of 1.18 trillion yen and 11.5 trillion yen in revenue. The company beat its own forecast with 1.21 trillion yen in operating profit, a record for the company.

Sony said it sold 19.1 million PlayStation 5 consoles in the financial year, beating its own forecast of 18 million.

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