Sony has released its earnings report for Q1 of the 2017 fiscal year and things aren’t going as well as expected.
Between April 1 and June 30, 2017 Sony saw a lower than expected result in terms of PS4 sales, especially in comparison to last year. The company revealed that 3.3 million units were shipped during this quarter which is down by around 200,000 compared to the same period in 2016. According to Sony, this lower than expected figure is due to the lack of a “highly profitable first-party title” during this period.
That being said, the PS4 global sales figures are now sitting at a tidy 63.3 million, which isn’t all that bad.
As for the rest of the year, Sony has shifted its expectations a little lower to 18 million by the end of FY 2017, down 2 million from their previous 20 million expectation. Interestingly Sony failed to mention any updated figures for PS4 Pro and PSVR sales.
It’s not all doom and gloom for the company’s video gaming efforts however as their Games & Network division saw a 5.4% increase in sales. This rise is attributed to PSVR and digital game sales through the store.
Elsewhere, Sony Pictures posted a loss of $86 million for the fiscal first quarter, which might seem bad, but its actually a better figure compared to the $103 million loss in the same period last year.
Sony Music is also doing pretty well for itself with sales rising 18.8% and profit from the division jumping by a massive 58%. Interestingly their consumer electronics, sensors and mobile phone divisions also posted profits.