After two years of production and distribution problems, it seems that Sony finally solved this problem. This is something that they made clear during their last financial report, where they have indicated that sales expectations for the fiscal year have increased and, as a consequence, the company’s shares have also seen a substantial increase.
According to Bloomberg, Sony shares increased by 12% yesterday, which represents the company’s largest increase since 2017. This is due not only to the good performance we saw in the last three months, but also because of the good outlook for the future. The company has indicated that during the second quarter of the fiscal year they managed to produce 6.5 million PS5s, with which they are ready to face the end of the year season.
Alongside this, the value of inventory in Sony’s gaming unit rose to ¥412.5 billion yen, or $2.7 billion, in the second quarter, compared with ¥146.2 billion yen three months earlier. As if that were not enough, it has been mentioned that the company expects to sell more than 18 million PS5s by the end of the fiscal yearwhich represents an increase from what was previously mentioned.
In related topics, it is revealed why the number of PS Plus users has decreased in recent months. Similarly, these are the total sales of the PS5 so far.
Editor’s Note:
It seems that the months of being in second or third place in sales are in the past. In September, the PS5 took first place in the United States, and this is something that will surely not stop anytime soon.
Via: Bloomberg