Sony has reported its highest quarterly earnings in 18 months and boosted their profits by stellar games unit. Sony’s games titles hit top-10 weekly rankings of global console game sales.
Sony’s Playstation 4, the games console whose 60m consumer base is twice as big as its nearest competitor – Microsoft’s XboxOne.
Gamers are getting ready for a strong line-up pre-Christmas releases. Kazuo Hirai, Sony’s president, is the lynch pin behind a 36.2 per cent surge in the company’s stock since the start of 2017.
The release of Spiderman: Homecoming, resulted in a super-hit and have established a superhero movie franchise.
Operating profits for the April to June 2017 quarter stands at ¥157.6bn (£ 1.064bn) which was almost triple the number in the first quarter of fiscal 2016.
Strong sales also of image sensors for cameras in iPhones and other smartphones boosted Sony Corp profits in the three months to June 2017. Sony Corp said it expects annual operating profit to surge 73.2 per cent, a two decade record.
Sony Playstation profits hit £944m biggest since 1998, as total PS4 sales approach the 60 million mark. Sony shipped 20 million Playstation 4 consoles over the last financial year, and 2.9 million consoles in the last three months.