Sony's newest consoles have sold like hot cakes since November 2021. This is reflected in the recently released Q1 2021 figures. The PlayStation 5 is currently one of the most coveted products in the world of gaming, so much so that all resellers are waiting for a restocking of their stocks.
However, it will be difficult for the Japanese firm to increase the rate of production, especially since the electronics industry is witnessing a shortage of chips. Sony should therefore expect to be out of stock throughout the year.
Despite the lack of raw materials and selling at a loss, the manufacturer still hopes to make a profit from the subscriptions.
Subscriptions save quarterly figures
During the first quarter of 2021, the Japanese brand sold 3.3 million PlayStation 5s on the market. Even though the units sold turn out to be lower than in the third quarter of 2020 (which stood at 4.5 million units), demand remains strong.
This performance can be attributed to PlayStation Plus subscriptions.
610.8 million dollars or 66.5 billion yen: this is the operating profit recorded by Sony during the first quarter of 2021. This result is of course the result of the prowess achieved within the division devoted to games, music and in the cinema.
A successful fiscal year despite the shortage
So far, Sony has successfully marketed 7.8 million PS5 game consoles, as evidenced by its financial results contained in the latest report. For example, the PlayStation games division recorded a 32% year-over-year increase in revenue to $ 24.6 billion.
This shifted into operating profit, which rose from $ 2.2 billion to $ 3.17 billion within a year. The firm specifies that the number of PlayStation Plus subscribers amounts to 47.6 million people. We are talking about an increase of 20%, compared to the previous year.
Given the health situation in the world, we can say that Sony is doing well with its PS5 even if the forecasts had to be revised downwards.