Sony, the Japanese multinational, has had a promising start to the year with its best quarter ever recorded. The company has achieved impressive results in its different business areas, but it has been in the video game sector where it has stood out especially.
Specifically, Sony has achieved revenues of $2.6 billion in its first fiscal quarter, representing a 12.4% increase compared to the same period last year. In addition, its operating profit has grown by 26% to $281 million.
Video games have been the main growth engine for Sony this quarter, and for good reason. The COVID-19 pandemic has led to an unprecedented increase in the demand for games and consoles, benefiting all companies in the sector.
In the case of Sony, its PlayStation 5 console has been a resounding success since its launch in November 2020. The company has sold more than 10 million units of the console worldwide, making it the best-selling new-generation console in history.
In addition, Sony has seen a significant increase in sales of games for PlayStation. In this quarter, the company has sold more than 63.6 million games for the platform, representing an 18.6% increase compared to the same period last year.
But it's not just the PlayStation 5 that has been responsible for Sony's success in the video game sector. The company has also achieved great performance in the sale of games for the PlayStation 4, its previous console. In this quarter, more than 9.4 million games have been sold for the PlayStation 4, representing a 6.2% increase compared to the same period last year.
On the other hand, Sony's music business has also had a good quarter, with revenues of $1.1 billion, representing a 13.5% increase compared to the same period last year. In addition, its film and television division achieved revenues of $1.4 billion, representing a 9.1% increase.
In conclusion, Sony has had an excellent start to the year, with standout growth in all its business areas. However, the video game sector has been the star of this quarter, thanks to the success of its PlayStation 5 console and sales of games for both consoles. The pandemic has been a key factor in this increase in demand, but Sony has capitalized on it with a solid and well-executed business strategy.