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Sony's PlayStation business vaults the company to a $1.5 billion profit in Q2

Image via Sony
Image via Sony
Despite continued losses in its mobile division, Sony enjoyed a massive $1.5 billion profit in Q2, thanks in large part to the success of the PlayStation 4. A mixture of excellent exclusive titles and strong console sales racked up $4.9 billion in sales, cementing a solid profit in spite of a $265 million loss in the company's smartphone division.

Sony’s smartphones aren’t doing very well, but the company is still raking in the cash thanks to one big player: gaming. Due to massive revenues brought in by its PlayStation unit, Sony posted a $1.5 billion profit in Q2.

The company’s PlayStation business brought in 27% higher revenue compared to last year, totalling $4.9 billion in sales. Total profit for the PlayStation business hit about $800 million, which is a year-over-year increase of 65%. The PlayStation 4 continues to enjoy massive success this gaming generation; since its release, the console has sold 86 million units, eclipsing the PS3’s 80 million units sold.

The biggest money makers were PS4 exclusives, namely God of War and Spider-Man, both of which sold over 3 million copies within their first 3 days on the market.

Sony’s financial division also posted gains and saw year-over-year revenue increase by 27%. Unfortunately, some of the company’s gains were eroded by its ailing mobile unit, which lost $265 million for the quarter, a year-over-year decline of 32%.

Still, things are looking good for the Japanese giant. The company re-evaluated its full-year profit target, raising it 30% to $7.7 billion (¥870 billion). This would be a record profit for Sony. Great things may be ahead.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 10 > Sony's PlayStation business vaults the company to a $1.5 billion profit in Q2
Sam Medley, 2018-10-31 (Update: 2018-10-31)
Sam Medley
Sam Medley - Review Editor - @samuel_medley
I've been a "tech-head" my entire life. After graduating college with a degree in Mathematics, I worked in finance and banking a few years before taking a job as a Systems Analyst for my local school district. I started working with Notebookcheck in October of 2016 and have enjoyed writing news articles and notebook reviews. My areas of interest include the business side of technology, retro gaming, Linux, and innovative gadgets. When I'm not hunched over an electronic device or writing code for a new database, I'm either outside with my family, playing a decade-old video game, or sitting behind a drum set.