PlayStation 5 Sales Set Record
The Games and Network Services division of Sony Group (NYSE: SONY) reported a 61% year-to-year revenue increase for the fourth quarter ending 3/31/23. Game hardware revenue was up 180% as Sony sold 6.3 million PlayStation 5 systems. Network services revenue was up 14%, while software was up 11%.
Analysis
This was the news everyone was waiting for. After Microsoft repor.....
Sony Acquires Video Game Studio
Sony Interactive Entertainment (SIE) announced it has agreed to acquire Firewalk Studios from ProbablyMonsters Inc. Previously SIE and Firewalk had announced an exclusive publishing partnership for an upcoming game.Â
Analysis
ProbablyMonsters was founded in Bellevue, WA in 2016, with Firewalk St.....
Will Xbox First-Party Software Catchup to PlayStation in 2023?
It is no secret that in recent years Microsoft has made a significant investment in beefing up its internal video game software development. However, since the 2020 launch of the PlayStation 5 and Xbox Series X/S, Sony has been ahead when it comes to notable first-party software. This may be changing going forward as some big-name exclusives are scheduled to launch for Xbox platforms.
As PlayStation 5 shortages ease, the new .....
Sony Game and Network Services Revenue Soars
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 PS5 were 7.1 million in the quarter versus 3.9 million in the third quarter ending 12/31/21. However full game .....
Does Nintendo Have the Best Online Subscription Service?
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.....
Could New Nintendo System Leapfrog PlayStation 5?
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 202.....
Sony Video Game Results are a Major Disappointment
It is quarterly earnings time and in the video game industry, Sony has become the leading company to watch. Hardware shortages of the PlayStation 5 have been a major industry drag. Unfortunately, the latest earnings release indicates shortages are still an issue.
PlayStation 5 Sales Below Expectations
On the surface, the Sony results look pretty good. In Sony’s Games & Network Services revenue was up 12% over the previous year quarter. However, S.....
