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PlayStation 4 Sales Tumble for the First Quarter of 2017


For fiscal 2017, attributable net income was 73.3 billion yen or $654 million, operating income was 288.7 billion yen and sales and operating revenues were 7.60 trillion yen or $67.89 billion. This is up from 60 million for the period ended March 31.

For the April-June quarter, Sony's operating profit almost tripled from a year before to 157.6 billion yen ($1.43 billion), a record for the first quarter.

The surge in profit reflected the recovery for image sensors from damage from an quake sustained a year ago, said the company. Under the new pricing structure, the cost of an annual membership will increase by a quarter from its current £39.99 level to £49.99; the cost of a quarterly membership will increase by the same proportion, going from £14.99 to £19.99, while the fee for those choosing to play monthly is to go from £5.99 to £6.99. Income decreased significantly due to the lack of any highly profitable first party game launched during the quarter. Last year, the company reported ¥15.9 billion ($144.4 million).




The semiconductor business' profit in the three-month period stood at 55.4 billion yen, turning around from a 43.5 billion yen loss a year earlier when its manufacturing plant in southwestern Japan was hit by major earthquakes.

Net Sales - 1.98 trillion yen ($17.92 billion) in net sales, up 4.76% from April's 1.89 trillion yen ($17.10 billion) forecast. On the other hand, digital download revenue fell 22.1% to $116.5 million. Sony said the big drop off was mostly due to a tough comparison to past year, when the company had a "highly profitable first-party title", which is likely a reference to Uncharted 4. Sony expects the PS4 to be as successful as the PS2 and it seems that the console might achieve it as Sony has revealed the total shipped units for PlayStation 4. Television Productions sales increased significantly, primarily due to higher licensing revenue for US series such as The Last Tycoon and Better Call Saul.

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