+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Sony's Game Division Up 64% Thanks To PS4 Launch

Feb 6, 2014, 22:04 IST

AP Photo/Nam Y. Huh

Sony is selling off its PC division, but its game sector is doing well.

Advertisement

The company's third-quarter results (PDF) reveal that it made 442 billion yen ($4.3 billion), which is a 64% increase over the 268.5 billion yen it made the year before.

The boost in revenue was because of the launch of the PlayStation 4, but also because of a depreciation in the value of yen. Had it remained consistent, there would have still been a 33% increase.

It was partially offset by decreased sales of the PS3.

The gaming division's operating income increased 13.4 billion yen to 18 billion yen ($172 million). According to the company this was based on the increase in sales and the favorable impact of the exchange rates, but was partially offset by increased costs related to launching the PS4.

Advertisement

The PlayStation 4 sold 4.2 million units through December 2013. It launched in November.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article