Sony Grows Optimism On Revenues Ahead Of PlayStation 5 Launch, Yet Expects Software To Drive Sales

Sony Grows Optimism On Revenues Ahead Of PlayStation 5 Launch, Yet Expects Software To Drive Sales

4 years ago
Anonymous $RGO3jP_V_c

https://wccftech.com/sony-optimistic-earnings-playstation-5-software-growth/

Consumer electronics and entertainment giant Sony Corporation released its earnings report for the second quarter of the company's fiscal year 2020 today. The report marks another tough quarter for the company that saw its entertainment business take serious losses from lockdowns all over the globe in the previous quarter. At the same time, Sony's revenues from its Gaming and Network Services grew as populations retreated indoors and looked at the company's products and services for their entertainment.

Today's earnings release comes as Sony prepares to upgrade its PlayStation gaming console lineup at a time when global logistics systems are still recovering from the post-pandemic shocks they went through earlier this year. It also revises forecasts for the company's gaming segment and brings with it management expectations about PlayStation 5 unit shipments for the five months following November.

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