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Sony’s profit increased by 32% compared to the previous year, with performance beyond the company’s expectations

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While analysts believe that Sony will make a profit of 351.6 billion yen in the last quarter of 2021, Sony’s profit in this period was more than 465 billion yen.

Sony earned 465.2 billion yen ($ 4.06 billion) in the last quarter of 2021, a 32 percent increase over the previous year.

According to Reuters, the Japanese company Sony during the third quarter of its current fiscal year (the last quarter of 2021) appeared beyond forecasts. According to analysts, Sony was expected to make a profit of 351.6 billion yen during this period. But Sony’s profit for the three months was 465.2 billion yen. To better understand the number, you should know that every 114.6 is equivalent to one dollar. In fact, based on the latest gaming news, we now know that Sony’s total net profit grew by 32% over the same period last year.

Given this performance, Sony expects the company’s total net profit for the current fiscal year (from the beginning of April 2021 to the end of March 2022) to reach 1.2 trillion yen; According to previous forecasts, Sony’s total profit for this fiscal year was to be between 1.04 and 1.09 trillion yen.

Green Goblin starring Willem Dafoe in the new trailer for Spider-Man: No Way Home

The Sony Pictures section shone brightly due to the performance of various movies, including Spider-Man: No Way Home, and, of course, the considerable amount paid by Netflix for the Seinfeld series. Meanwhile, Sony’s interactive entertainment division sold 3.9 million PlayStation 5s in the last quarter of 2021.

The shortage of semiconductor components in the market is so severe that Sony previously wanted to ship 14.8 million PS5s during the current fiscal year (April 2021 to March 2022). But now he says that number has reached 11.5 million PS5. Of course, the company hopes that in the next fiscal year (starting from April 1, 2022 AD / April 12, 1401 solar year) we will see an improvement in the situation.

PlayStation 5 console handle

PS5 sales reached 17.3 million consoles by the end of 2021. Of course, the lack of required parts bothers various companies to produce and supply such products. As a result, the demand for the PlayStation 5 console is still far greater than the supply, and virtually all consoles manufactured by Sony will be sold out as soon as possible. However, services and games continue to bring great revenue to Sony’s interactive entertainment division so that the PlayStation is in a very good financial position.

Sony has set up a plant in Japan in collaboration with TSMC, which has been producing a large number of Semiconductors since 2024. Finally, it should not be forgotten that the large Japanese company will enter the electric vehicle industry with the establishment of Sony Mobility.

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