Sony’s full-year financial report for fiscal 2022 has just been released. According to the report, Sony’s total revenue for the year was 11,539.8 billion yen ($105 billion), representing a 16% year-on-year increase. Net income for the year was 937.1 billion yen ($8.35 billion), a decrease of 6% year on year. While the decrease in net profit is unfavorable, the increase in revenue is encouraging for the company.
PS5 sales are an important source of revenue for Sony. According to the financial report, 6.3 million PS5 units were shipped in the fourth quarter of fiscal 2022, with full-year shipments exceeding the target of 18 million units. Total global exports of the PS5 have reached 38.4 million units, an excellent performance given the current global chip shortage affecting the electronics sector.
There are also 47.4 million PlayStation Plus subscribers and 108 million monthly active users on the PlayStation platform. These figures demonstrate the strong demand for Sony’s gaming products and services.
Sony is also said to be planning to release an upgraded version of the PS5 Pro by the end of next year. The upgraded version’s customized AMD processor is likely to be upgraded in terms of CPU and GPU. This decision is likely to attract more gamers and increase Sony’s revenues.
Sony’s strong financial performance in 2022 can be attributed to its effective diversification plan beyond games. In addition to the iconic PlayStation system, Sony manufactures and sells a wide range of consumer devices, including televisions, headphones, and cameras. The company has also expanded its presence in the entertainment industry through its music and film divisions. Sony’s broad portfolio has enabled it to overcome the challenges posed by the ongoing epidemic and global supply chain disruptions. Sony will continue to invest in innovative technologies and expand its product range to further improve its market position.