PS4 sales reach 82.2 million, Sony projects 96 million by March 2019

Sony PS4 Play Station 4 1

Sony PS4 Play Station 4 1

We always knew that the PlayStation 4 had the potential to surpass the PlayStation 3 in sales, but we didn't know exactly when it would happen.

The Japanese electronics and entertainment giant said group net profit for the quarter to June 30 almost tripled from a year earlier to a record 226.45 billion yen ($2 billion), helped by a special profit from the sale of shares in Swedish streaming giant Spotify Technology S.A.

Sony just had a change of CEO just a few months back, when Kaz Hirai left and Kenichiro Yoshida took over.

"Sales are expected to be significantly higher than the April forecast primarily due to higher-than-expected PlayStation 4 ("PS4") software sales including sales through the network, the impact of foreign exchange rates, as well as an expected increase in PS4 hardware unit sales". Nile's 40 percent-held affiliate owns EMI Music Publishing, which will be Sony's wholly owned unit in the future.

The Kyoto-based game giant reported net profit for the three months to June of ¥30.6 billion, with operating profit soaring 88.4 percent to ¥30.5 billion.

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"For Nintendo Switch, hardware sales in every region have been trending upwards since the video game expo, E3, was held in the U.S. in June", the company said in a statement.

But he also said the outlook is uncertain. Operating income has also increased to 83.5 billion yen ($750 million).

It kept its profit forecast for the year ending March at JPY 670 billion, down 8.8 percent on year, citing various potential risks including competition in smartphones.

Sony has released its Q1 FY2018 figures, which reveal that 3.2 million PS4 units were shipped to retailers in the period between April 1 and June 30, bringing the total number of consoles shipped since its introduction to the market five years ago to 82.2 million.

Sony today shared a new financial report of the first quarter of the current fiscal year, so we know that PS4 has a new record in sales.

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