The problem is supply, not demand
Sony shipped just 3.9 million PlayStation 5 consoles in its all-important holiday quarter, a slight bump over the previous quarter’s figure of 3.3 million, demonstrating how the electronics giant is still struggling to meet demand during the ongoing global supply chain crunch. 17.3 million units in total have been shipped as of December 31st, nearly three million fewer than the PlayStation 4 had managed at the equivalent point after its release.
The gaming division’s revenue was down 8 percent year on year to 813.3 billion yen , but operating profit rose 12.1 percent to 92.9 billion yen . That’s what you’d expect a year removed from a major console launch — Sony still can’t make enough loss-making PS5 hardware, but that has a positive effect on the bottom line this early into the product’s life cycle. Sony would be making less profit each quarter if it were able to satisfy demand.
Sony’s crucial image sensor division had a good quarter, with sales increasing 22 percent year on year to 57.8 billion . Operating profit was up 26 percent to 13.3 billion yen , though Sony attributes 12 billion yen of that to the weakening yen. Sony says the revenue jump was thanks to higher sales of image sensors for smartphone cameras, a larger portion of which were premium products.
The movie division saw a huge increase in revenue, jumping 141 percent year on year to 461.2 billion yen .contributed to much higher theatrical revenues than a year before, while Sony says its TV productions business got a boost by licensing
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