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Sony: Shares fall after low profits, new PS Plus fears

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Sony: Shares fall after low profits, new PS Plus fears

this movements from Sony They lost 7% after the announcement. fall in profit PlayStation and shareholder concerns new PlayStation PlusWith its wide catalog of books, it can erode sales.

As you may recall, on Friday the Japanese house increased its PS5 sales to 21.7 million units, but at the same time underlined a real decline in profits, equal to 37%, due to investments (see Bungie acquisition), on the other to one. decrease in software sales.

In particular, the game section is placed 47.1 million games In the second quarter of the year for PS4 and PS5, but in the same period of 2021, this figure stood at 63.6 million, while playtime on the PlayStation platform fell by 15%.

“While some point to the company’s weak sales growth, PlayStation 5 Amir Anvarzadeh of Asymmetric Consultants said the real reason for the drop in profits, just over 4% year-on-year, lay in higher production costs from some development teams’ purchasing operations.

“It is very important to understand how the new PlayStation Plus subscription service, which gives users access to hundreds of old games, will affect software sales from now on,” he said.

Source: Multiplayer

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