August's free PlayStation Plus games include Mafia and Dead by Daylight
- Author: Terrell Bush Aug 03, 2018,
Aug 03, 2018, 5:05
The electronics firm posted profit of JPY 195.0 billion ($1.75 billion) for April-June, up 23.7 percent from JPY 157.6 billion a year prior.
Restructuring charges for the Sony Group are expected to be approximately 22 billion yen in the fiscal year ending March 31, 2019, which remains unchanged from the April forecast, compared to 22.4 billion yen in the fiscal year ended March 31, 2018. They are up 36%, from 348.1 billion yen for this time past year, to 472.1 billion yen for Q1 FY2018.
Sony Corp yesterday revised upward its full-year profit and sales forecast, reporting that first-quarter profits almost tripled from a year earlier as it extends a roaring recovery under its new chief executive officer. This month, they're back with another killer duo of PlayStation 4 games.This month, subscribers gain immediate access to Mafia III and Dead by Daylight.
According to the company, its net income will be ¥500 billion (~$4.5 billion) with sales of ¥8.6 trillion (~$77.82 billion).
The strong quarter should come as a relief to investors, who were caught flatfooted in April when new Chief Executive Officer Kenichiro Yoshida unveiled a dour full-year forecast, sending shares tumbling.
The strong results led to an increase in the company's full-year forecast. It previously projected that net profit would fall 2.2 percent to 480 billion yen.
Sony Corp. says its profits almost tripled in the latest quarter, boosted by a jump in PlayStation 4 software sales. We gave his story of revenge a 7.5 in our review, which praised Clay's character, as well as the game's New Bordeaux setting, while lamenting the game's "repetitive open-world action". That being said, Sony seems to be optimistic about the next year. If that happens, the console could be looking at over 90 million units shipped in little over five years.