PS4 Breaks 80 Million Units Sold - Hardware

Sony PS4 Play Station 4 1

PS4 Expected To Have Outsold Lifetime Sales Of PS3 Within Months

The result is the first since Sony pledged to maintain high profit levels after beating its 1998 annual earnings record a year ago.

The gaming business "has gradually changed with the addition of new revenue sources such as PlayStation Plus", Chief Financial Officer Hiroki Totoki said at a briefing, referring to subscription-based online services.

The electronics and entertainment giant reported profits Tuesday of 226.4 billion yen ($2.0 billion) for the April to June quarter, up from 80.9 billion yen in the same period previous year. The result compared with the 145.23 billion yen average of eight analyst estimates compiled by Thomson Reuters I/B/E/S. Gaming accounts for about a quarter of Sony's revenue.

Sony has revealed that the PS4 shipped another 3.2 million consoles during Q1 of their fiscal year, bringing its grand total to a whopping 82.2 million units.

Group operating profit rose 23.7 percent to a record 195.01 billion yen, boosted by solid sales of new game titles such as "God of War" for Sony's flagship PlayStation 4 console, the company said. Analysts expect the September launch of "Marvel's Spider-Man" to further lift gaming profit.

Japanese game maker Nintendo Co. also reported strong profit growth Tuesday thanks to increased sales of games for its Nintendo Switch machine. Sony recorded a one-time gain of ¥53.9 billion from the sale and said its remaining shares have a fair value of ¥95.3 billion.

The electronics maker sees sensors as a pillar of growth in the medium and long term, as applications are likely to expand to depth sensing, surveillance, factory automation and automobiles.

It kept its profit forecast for the year ending March at JPY 670 billion, down 8.8 percent on year, citing various potential risks including competition in smartphones. The average of 24 analyst estimates is 755 billion yen.

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