{"id":35882,"date":"2014-07-31T08:09:32","date_gmt":"2014-07-31T08:09:32","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=35882"},"modified":"2014-07-31T08:09:32","modified_gmt":"2014-07-31T08:09:32","slug":"sonys-profits-jump-on-sales-of-ps4","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=35882","title":{"rendered":"Sony’s profits jump on sales of PS4"},"content":{"rendered":"

Sony has reported better-than-expected profit for the first quarter, helped by robust sales of its PS4 gaming console and a weak Japanese currency.<\/p>\n

Net profit was 25.7bn yen ($250m; \u00a3148m) in the three months to 30 June, up from 3.1bn yen a year ago.<\/p>\n

Sales at its gaming console division rose almost 96% during the period.<\/p>\n

Sony, which has been restructuring its business after years of losses, still expects a net loss of 50bn yen for the financial year through March 2015.<\/p>\n

The firm said its operating profit<\/a> during the period was also boosted in part by a gain of 14.8bn yen on the sale of certain buildings and premises.<\/p>\n

Gaming boost<\/strong><\/p>\n

Sony’s PlayStation 4, which was launched in November last year, has emerged as the bestselling “new-gen” console.<\/p>\n

Its success has helped Sony overtake rival Nintendo in sales of game consoles for the first time in eight years.<\/p>\n

Sony sold 18.7 million systems in the last financial year – which ended in March – compared with Nintendo’s tally of 16.3 million video games machines.<\/p>\n

The figures also include sales of the older PS3 and original Wii, in addition to Nintendo’s 3DS and Sony’s PlayStation Vita handhelds.<\/p>\n

On Thursday, Sony said its games unit made an operating profit of 4.3bn yen during the first quarter, compared with an operating loss of 16.4bn yen during the same period last year.<\/p>\n

 <\/p>\n

Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"

Sony has reported better-than-expected profit for the first quarter, helped by robust sales of its PS4 gaming console and a weak Japanese currency. Net profit was 25.7bn yen ($250m; \u00a3148m) in the three months to 30 June, up from 3.1bn yen a year ago. Sales at its gaming console division rose almost 96% during the […]<\/p>\n","protected":false},"author":14,"featured_media":35884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[18],"class_list":["post-35882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-dr-akwasi-osei"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35882"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/35884"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}