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PS5 Is Being Sold At A Loss, Yet Sony’s Games Division Operating Income Increased By 50% YoY

Sony Interactive Entertainment has revealed that its games division has posted an operating income jump of 50% year-on-year, despite the fact that its new console, PS5, is still being sold at a loss.

The hardware manufacturer was able to achieve this thanks to highly profitable sales in its software and network services. The PS5 currently retails for $499/£449 for the Standard version of the console and $399/£349 for the Digital-Only Edition.

Sony launched the PS5 in the US and UK on November 12 and November 19, 2020, respectively. The console has remained incredibly difficult to get hold of since initial stock sold out, with retailers periodically getting fresh stock from time to time.

Related Content – Sony PS5 Complete Guide – A Total Resource On PlayStation 5

Looking ahead to the rest of year, the PS5 will be seeing a number of major games launching, including Horizon Forbidden West, God of War Ragnarok, Gran Turismo 7, and Ratchet and Clank Rift Apart.