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Sony Corporation (NYSE: SNE) shipped 4.5 million units of its PlayStation 5 consoles worldwide in 2020, according to the latest earnings report for the quarter ended Dec. 31.
What Happened: Ahead of the launch of PlayStation 5 in November this year, the demand for the console’s predecessor PlayStation 4 fell significantly to 1.4 million units during the third quarter. In Q3 2019, Sony had shipped 6 million such consoles.
Gaming business revenue was higher by JPY 251.1 billion ($2.39 billion) or almost 40%.
In Q3, gaming revenue stood at JPY 883.2 billion ($8.41 billion), while in Q3 2019 the figure was JPY 632.1 billion (6.02 billion).
Why It Matters: Sony’s operating income stood at JPY 359.2 billion ($3.42 billion) in Q3 compared with JPY 300.1 billion ($.2.86 billion) in the same period the previous year.
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