Sony has announced that its PlayStation business has generated an operating profit of 48.1 billion yen ($401 million) during the past 12 months, thanks largely to sales of its current-generation home console, the PS4.
The platform moved 14.8 million units during FY2014, with 17.9 million home consoles sold in total. This was further bolstered by 3.3 million portable devices moved in the same period.
PS Plus also contributed to the electronic giant’s success, though the performance of PS3, PS TV and PS Vita proved disappointing, seeing a ‘write-down’ of the latter.
Nonetheless, the PlayStation division’s success has steered the company firmly away from last year’s massive loss of 19 billion yen. Having said that, Sony as a whole posted a loss of 126 billion yen.
"Sales increased 33.0% year-on-year (a 25% increase on a constant currency basis) to 1,388.0 billion yen (11,567 million U.S. dollars). This significant increase was primarily due to an increase in PS4 hardware unit sales, a significant increase in network services revenue, the impact of foreign exchange rates and an increase in PS4 software sales, partially offset by a decrease in PlayStation®3 (“PS3”) hardware and PS3 software sales.
Operating income of 48.1 billion yen (401 million U.S. dollars) was recorded, compared to an operating loss of 18.8 billion yen in the previous fiscal year. This significant improvement was primarily due to the impact of the above-mentioned increase in sales, partially offset by the impact of the decrease in PS3 software sales, the unfavorable impact of the appreciation of the U.S. dollar reflecting the high ratio of U.S. dollar-denominated costs, as well as the recording of an 11.2 billion yen (93 million U.S dollars) write-down of PS Vita and PS TV components in the current fiscal year. In the previous fiscal year, a 6.2 billion yen write-off of certain PC software titles was recorded."
Sony announced earlier this year that PS4 had sold 20.2 million units worldwide.