Strong PS5 sales help Sony report record quarterly profits.

With a solid quarter that ended in March and an operating profit of a record $8.9 billion, Sony closed its fiscal year on a high note. Similar to last year, the corporation expects its sales for the upcoming fiscal year, which ends in March 2024, to be around $85 billion.

The phenomenal sales of PlayStation 5 played a big role in this success. In comparison to the 11.5 million sold in the prior fiscal year, which was adversely affected by supply chain interruptions, Sony sold a record-breaking 19.1 million consoles in the current fiscal year.

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By March 2024, Sony hopes to have sold 25 million consoles during the current fiscal year. The number of PlayStation 5 sales is soon surpassing 40 million. Total revenue for Sony’s gaming sector was JPY3.64 trillion ($27.3 billion).

The precise number of phones sold was not released, but the Mobile Communications business saw a drop in sales to $2.62 billion, 2.5% less than the prior year.

On the other hand, Sony’s image sensor division saw great success. Revenue from the company’s image sensor sector reached $1.56 billion, up 36% from the previous year.

However, due to weaker demand, particularly from Chinese smartphone manufacturers, Sony expects its imaging chip business to experience a 5.7% decline in the current fiscal year.