Published , by Sam Chandler
Published , by Sam Chandler
With the success of Sony’s PlayStation 5 and the company’s wealth of legendary first-party titles, its quarterly earnings are always of interest. Though Sony continues to see an increase in network services and digital software and content sales, it has noted a decrease in hardware sales which has been chalked up to supply constraints.
On May 10, 2022 Sony released its Q4 2021 financial results on its Investor Relations site. Within the FY2021 Consolidated Financial Results, Sony showed that it has seen a drop in hardware sales compared to the same quarter of the previous fiscal year.
Despite selling the hardware at a loss, the production cost efficiency has increased. Further helping Sony’s earnings is an increase in the digital software and DLC sales, which has helped offset the loss. In saying this, Sony noted that third-party sales decreased.
Also revealed in the financial reports is that Sony’s results missed expectations while the company also announced a 200 billion yen buyback. This seems to indicate confidence in the stock’s valuation. Be sure to check out the Shacknews Stock Market and Finance pages for more information on Sony and other companies in the video game industry.