Published: Fri, August 03, 2018
Industry | By Dora Warner

Sony profits up on Spotify gain, mobile losses widen

Sony profits up on Spotify gain, mobile losses widen

Sony lifted its annual profit outlook for the gaming business and semiconductor business by 60 billion yen and 20 billion yen, respectively.

Sony said separately it bought a 25.1 percent stake in Nile Acquisition LLC from the Estate of Michael Jackson for $287.5 million to make it a wholly owned unit. Sony hasn't said if or when it could sell its remaining holding.

As we get closer to the end of the generation, it's obvious console sales start to reduce over time, but it looks like Sony doesn't really worry about that, also thanks to a very strong software lineup coming in the previous year of PS4's lifecycle.

Everton interested in Manchester United defender as Chelsea target striker and midfielder?
The Poland striker wants to push for a move away from the Allianz Arena , with a host of top European clubs ready to snap him up. We are completely satisfied with him, and, in his position, there are only a few players who are comparable.

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. Right now, PlayStation Plus subscribers is holding steady with 33.9 million users. Annual results are now expected to reach JPY 2.135 trillion in sales and JPY 250 billion in profit.

Sony has also said that the titles unveiled at E3 are "receiving strong feedback".

PS4 exclusive titles definitely play a big role in the success of the console and with the recent release of God Of War on PS4, there's a lot of shifting seen from Xbox to PS4. The camera segment of the company also flushed in cash and made $234 million in profit. The last known figure of the PlayStation 3 console was around 80 million units in total, so it's safe to say that the PS4 has outsold the PS3 in a little less than five years since its launch.

Mandhana smashes joint-fastest fifty in women T20s
The southpaw is the first Indian to play in the KIA Super League which is England's flagship tournament for women's T20. The left-hand cricketer from India enrolled her name in the cricket book in a six-over game of KIA .

In April this year, Newzoo, the research company, had predicted that mobile games would account for more than 50% of the gaming industry's revenues for 2018, and consoles would fall to just 25%.

The upward revisions confirm a smooth transfer of the reins at Sony following its return to health after huge losses in recent years.

As pretty much every person and their dog owns a PlayStation 4 now it comes as no surprise that PS4 software sales were sky high bringing in 472.1 billion yen in this quarter which is up by over a billion yen year-on-year.

Israeli Airstrike Kills Armed Islamic State Operatives On Border With Syria
It said the new Russian posts would be handed over to the Syrian government once the situation had stabilised. Syria said that the jet was conducting raids in Syrian airspace when it was engaged by Israeli forces.

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