Sony Set for Record Profit, Gives Cautious Tone

Yeah. I’d look that miserable too in that weather

Streaming generated $346 million (38.44 billion yen), an increase of 25.4%, while physical sales grew to $301.8 million, up 16.2%.

Sony raised its sales projection for the full business year through next March, saying it forecasts sales will reach 8.3 trillion yen from a previous forecast of 8 trillion yen.

PS4 shipments dropped year-over-year, as Sony shipped 3.5 million PS4 consoles during its first fiscal quarter last year. This is down from 20 million for the a year ago.

Sony's music operation consists of Sony Music Entertainment, Sony Japan, Sony/ATV Music Publishing and 39.8 percent of EMI Music Publishing's net income, as well as its growing Visual and Media platform, which consists of revenue from the production and distribution of animation titles (including game applications based on the animation titles) and various service offerings for music and visual products.




- Streaming and downloads combined (total digital) produced $462.5 million (51.4 billion yen), up 8.7 percent from the $437.4 million (47.3 billion yen) garnered in the first quarter of 2016.

Operating income decreased 26.3 billion yen year-on-year to 17.7 billion yen. Last year, the company reported ¥15.9 billion ($144.4 million).

However, Sony cut its sales outlook for the full year for its sensors, issued one quarter ago, by nearly 3% as phone makers in China shift from building handsets that are high end that Sony has typically targeted. Other revenue, including licensing, merchandising, and live performances, saw a slight 9.6% increase to ¥14.883 million ($134.7 million). This significant increase was primarily due to increases in Financial Services and Semiconductors segment sales. Sony's division for semiconductors, which includes the sensors, posted a 55.4 billion yen profit, reversing a loss from a year ago.

Operating Income - 170 billion yen in operating income ($1.53 billion), up 5.88% from April's 180 billion yen ($1.62 billion) forecast.

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