A London tribunal has ruled that a lawsuit filed last year accusing Sony of breaching competition law over store prices will continue, Reuters reports.
09.11.2023 - 13:47 / gamesindustry.biz / Sony
Sony has released its second quarter results for the financial year, showing an increase in overall revenue due a rise in its movie, music, and gaming businesses.
Sony attributed the increase in sales during the second quarter to growth in its G&NS, music, and picture sectors, while also experiencing an income decrease in its financial and entertainment, technology and services segments.
Looking at GN&S more closely, growth was attributed to an increase of sales in hardware, non-first-party titles including add-on content, and the impact of foreign exchange rates.
Software sales were up 26% to ¥479 billion ($3.16 billion), representing 67.6 million copies sold across PlayStation consoles. First-party titles represented 4.7 million units of this total, with Spider-Man 2 selling more than 5 million units worldwide as of October 30.
Digital software sales represented ¥200 billion ($1.32 billion) during Q2, an increase of 39%, while physical title sales were down 4% to ¥35 billion ($231 million).
Meanwhile, hardware sales rose 60% to ¥287 billion ($1.9 billion) with the PlayStation 5 shifting 4.9 million units during this period.
Sony said this was "in-line with its expectations," and represented a 25% increase over the number of PS4 units sold in the second quarter of the fiscal year ended March 31, 2017, during which 20 million units of the console were sold.
Earlier this year, the firm said it planned to sell 25 million PS5 units by the end of the fiscal year. This figure remains unchanged, with Sony attributing the release of the redesigned PS5 and the introduction of the PS Portal as a way to increase sales during the holiday season.
Looking ahead, Sony has forecasted sales for this fiscal year (ending in March 2024) to reach ¥12.4 trillion ($82 billion) – up 2% compared to the forecast from August and representing a 13% increase compared to FY22.
As for Sony's games sector, the company is expecting sales to reach ¥4.36 trillion ($28.85 billion), a 19% rise over the previous fiscal year. Its operating income forecast remains the same, with the company expecting 8% growth year-on-year to ¥270 billion ($1.78 billion).
"In the second half of the fiscal year, we intend to focus on responding to this business environment in each business and establish a foundation for growth for the next mid-range plan and beyond," Sony explained.
"In particular, we plan to focus our efforts on the top priorities of increasing the market penetration of PS5 and expanding the PS5 user base as a result in the G&NS segment."
Sign up for the GI Daily here to get the biggest news straight to your inbox
A London tribunal has ruled that a lawsuit filed last year accusing Sony of breaching competition law over store prices will continue, Reuters reports.
Baldur’s Gate 3 from Larian Studios is a massive game and quite daunting for those who know nothing of Dungeons and Dragons. Thankfully, for those who want a taste of the gameplay before purchasing, a two-hour trial is available now for PS5.
Immortals of Aveum didn’t get nearly as much traction as developer Ascendant Studios had hoped it would – something that had pretty disastrous consequences for the studio in the form of significant layoffs – but it looks like the developer is looking to put the game on PlayStation and Xbox’s subscription services in an effort to attract a larger player base.
Upon its reveal, the PlayStation Portal was met with widespread skepticism over its limited feature set and appeal, though it seems the handheld device has got off to a solid start where its sales are concerned. Just two days on from its November 15 launch, it looks like it has already sold out in the US and the UK.
Video games can be expensive. We probably don’t have to tell you that. It’s a costly hobby, and with the latest generation of console platforms, we saw a price hike for AAA games. Instead of paying the once-standard $59.99 for a brand new AAA release, we’re not digging further into our wallets to pay the now $69.99 fee for a new major release. So, this recent price hike makes it more challenging to determine what video games to pick up at launch and which to set back for when they drop. Fortunately, sales are going on at any given time, and today, we want to highlight a big one for the PlayStation Store.
Dragon's Dogma: Dark Arisen leads the pack of new titles coming to the PlayStation Plus Extra and Deluxe/ Premium game catalog, this month. Starting November 21, all higher-tier PS Plus members can embark on an epic dark fantasy adventure as the Arisen, whose heart gets ripped out by a dragon early on, marking him as a warrior destined to face the mythical creature and unravel answers to a sinister conspiracy. The combat is heavily reminiscent of the Dark Souls games, albeit you've got a crew of AI companions who would assist you in tight situations. Play around with magic, ride atop griffins, slice off Hydra heads, and more when Dragon's Dogma: Dark Arisen comes to PS4.
Once upon a time we had PlayStation All-Stars, and now PlayStation is all stars once again. Well, the PlayStation Store is, anyway.
With Marvel’s Spider-Man 2 launching last month and becoming the fastest-selling first-party title for PlayStation, it’s interesting to see what Sony has planned for next year. Team Ninja’s Rise of the Ronin, an open-world action RPG set in the Bakumatsu era, is coming, but a release date hasn’t been announced.
Sony has revealed the full line-up of PlayStation Plus Games Catalog additions for November 2023, which includes Teardown, Dragon’s Dogma: Dark Arisen, and PaRappa the Rapper 2.
Sony Interactive Entertainment has announced the November 2023 Game Catalog lineup for Extra and Premium subscribers, and Classics Catalog titles for Premium subscribers.
November’s PlayStation Game Catalog lineup brings with it vehicular mayhem, chaos, fantastical adventure and more. This month’s picks are headlined by Teardown, the demolition heist adventure that launches day one onto PlayStation Plus for Extra and Premium members. You can read more about the game here. That will be playable from today Wednesday November 15, with all other titles will be available Tuesday, November 21. Let’s take a closer look at those in turn.
PlayStation Store contains an abundance of unique and independent games. And it’s these delectable gems that are the focus of a new PlayStation Indies promotion. For a limited time* hundreds of indie games are discounted, which includes Hello Neighbor 2 Definitive Edition, Overcooked! All You Can Eat, Neon Abyss Deluxe Edition and many, many more.