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Sony Group (NYSE: SONY) reported a 13% year-to-year revenue increase for the third quarter ending 12/31/22. The biggest increase in revenue was the Games and Network Services division which saw revenue increase 53% to ¥1,246,549 million (about $10 billion).
Hardware sales of the PlayStation 5 were the biggest driver of growth for the increasing 119% as unit sales for the PS% were 7.1 million in the quarter versus 3.9 million in the third quarter ending 12/31/21. Howeve…..
A great deal of attention has been focused on Microsoft’s Game Pass subscription service. However, the recent Microsoft quarterly earnings show that the service does not appear to be doing much for Microsoft’s bottom line. Revenue from both Xbox hardware and content and services declined during the holiday 2022 season. This begs the question, does Microsoft’s game business model make sense…..
The Nintendo Switch is arguably the most successful video game system ever. At least for Nintendo, if not for major third-party publishers. Of course, nothing lasts forever and inevitably Nintendo will need to release a new system. Given current market conditions, a major question is will a new Nintendo console with a strong online component for live service games make the PlayStation 5 obsolete?
Switch In Downcycle
Switch sales hit records in both 2020 and 2021. Nevertheless,…..