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Sony’s Annual Profit Forecast Up by 13% Following Impressive Q2 Gaming Performance

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Sony Corp’s earnings during FY2020 Q2 benefitted from the robust performance of its gaming segment.

According to Sony’s earnings report for the quarter, which ended in September 2020, its PlayStation-related revenue totalled 507 billion yen ($4.9 billion). Operating profit for the segment amounted to 105 billion yen ($1 billion).

Sony’s Game and Network Services Segment FY 2019 Q2 and FY 2020 Q2

Sony’s Annual Profit Forecast Up by 13% Following Impressive Q2 Gaming Performance

Based on the research data analyzed and published by Safe Betting Sites, in comparison to a similar period in 2019, Sony gained an increase of 52% in revenue and 40% in operating profit.

Seeing as the quarter ended just before the launch of PlayStation 5, typically, there would be a negative impact on performance. True to this, Sony highlighted a drop in profits arising from increased costs. Furthermore, there was a revenue decline due to decreasing PS4 sales.

However, the period was also marked by an increase in PlayStation Plus subscriptions as well as digital game sales. These more than made up for the anticipated decline.

PlayStation Plus Subscribers Worldwide 2014-2020

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Sony’s Annual Profit Forecast Up by 13% Following Impressive Q2 Gaming Performance brandspurng 2

According to data published by GamesIndustry.biz, PlayStation Plus had 41.5 million subscribers as of May 2020. At the end of October 2020, Euro Gamer placed the number at 45.9 million, up by 9 million year-over-year (YoY).

Moreover, digital games accounted for 59% of all PlayStation sales, a considerable increase from 55% in 2019.

 

Sony Targets $25 Billion in Gaming Revenue by April 2021, 7.6 Million Unit Sales

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The PlayStation 5 (PS5) could be the first next-generation console that will not push Sony’s gaming division to an annual loss during its launch year.

In fact, Sony revised its profit forecast for the full year upwards. It raised its annual profit forecast to 700 billion yen ($6.7 billion), which would translate to a 13% increase over the previous outlook.

Comparatively, Refinitive analysts estimated 672.33 billion yen ($6.4 billion) in annual profit. The upward revision came after Sony made a new Q2 record in profits, which amounted to 317.76 billion yen ($3.0 billion) overall.

By the end of March 31, 2021, it expects to generate 2.6 trillion yen ($24.9 billion) in revenue and profit totalling 300 billion yen ($2.9 billion) from its gaming segment. It would mark a 26% upsurge in both, a remarkable feat during the first year of a console.

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In the period leading up to that time, Sony is targeting sales of 7.6 million PS5 console units or more. However, there is a possibility that in the short term, Sony’s revenue and profit will be hampered by a supply-demand imbalance.

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According to Sony Interactive Entertainment CEO, Sony sold as many PlayStation 5 consoles in the first 12 hours of pre-orders in the US as it did in PS4’s first 12 weeks. He added that not everyone who wants the console once it launches might get one.

According to a Bloomberg report, the console is in high demand on the online black market and is outperforming Microsoft’s Xbox Series X.

Citing data from ShelfTrend, which tracks eBay activity, the report revealed that since September 2020, 9,300 pre-orders have been traded on the site. That was almost double the number of Xbox Series X trades.

Another research firm, MarkSight, revealed that there was an average of 17.8 bids on every PS5 auction, against Xbox’s 12.3.

PS5 pre-orders were sold at an average price of $871, an average markup of 59%. Comparatively, the console’s high-end version will sell at $500 when it launches on November 12, 2020.

 

Ghost of Tsushima Sells 2.4M Units in 3 Days

During Q2 2020, Sony’s top PS4 release was Ghost of Tsushima. Following its July launch, the game sold 2.4 million units globally within the first three days. It thus became one of PS4’s fastest-selling new IP on PS4.

In Japan, the action-adventure game published by Sucker Punch Productions sold 212,920 units within that period. Within the first month of release, it sold a total of 1.9 million digital units.

For a bit of context, the publisher’s previous title, Infamous Second Son, sold 1 million copies in nine days back in 2014. Ghost of Tsushima is the final major first-party game being released on PS4.

During its launch month, it was the best-selling software title in the US according to The NPD Group. Following its July 17 launch, it instantly became the fifth best-selling game in the US in 2020.

Its sales record topped Horizon Zero Dawn, which sold 2.6 million units in a span of two weeks. However, it fell short of Marvel’s Spider-Man, which sold 3.3 million copies in the first three days of launch.

At the time of its launch, Spider-Man beat God of War, which had sold 3.1 million within a similar timespan. The current three-day record holder is The Last of Us Part 2, whose sales totaled 4 million in three days.

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Sony’s Annual Profit Forecast Up by 13% Following Impressive Q2 Gaming Performance - Brand Spur

Trend Micro Placed in 2021 Magic Quadrant for Endpoint Protection Platforms

Recognized for Completeness of Vision and Ability to Execute

 

HONG KONG SAR - Media OutReach - 13 May 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Endpoint Protection Platform for its offering, Trend Micro Apex One. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.


Trend Micro is continually innovating and anticipating emerging threats. Our flagship Apex One endpoint protection platform features broad coverage against today's most critical threats. Our customers are protected using a range of techniques including virtual patching, which immediately protects against exploits until the vendor patch is applied.

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Read the full Magic Quadrant for Endpoint Protection Platform report at: https://resources.trendmicro.com/Gartner-Magic-Quadrant-Endpoints.html

"The endpoint has become a key battleground as determined threat actors try to take advantage of the pandemic to target distributed workforces and vulnerable remote access infrastructure. But throughout this difficult period, we've been there for our customers," said Wendy Moore, vice president of product marketing for Trend Micro. "I'm delighted to see us recognized again for doing what we do best: Protecting global organizations through innovative, cloud-first and platform-based security. We will continue to focus on offering simple, robust and industry-leading protection through our cybersecurity platform."

At the heart of the company's cybersecurity platform is Trend Micro Vision One, which delivers visibility and XDR using telemetry from Apex One in addition to email, servers, cloud workloads and networks for faster detections and investigations.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

* Gartner disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


#TrendMicro


Sony’s Annual Profit Forecast Up by 13% Following Impressive Q2 Gaming Performance - Brand Spur
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spot_imgspot_img

Latest News

Trend Micro Placed in 2021 Magic Quadrant for Endpoint Protection Platforms

Recognized for Completeness of Vision and Ability to Execute

 

HONG KONG SAR - Media OutReach - 13 May 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Endpoint Protection Platform for its offering, Trend Micro Apex One. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.


Trend Micro is continually innovating and anticipating emerging threats. Our flagship Apex One endpoint protection platform features broad coverage against today's most critical threats. Our customers are protected using a range of techniques including virtual patching, which immediately protects against exploits until the vendor patch is applied.


Read the full Magic Quadrant for Endpoint Protection Platform report at: https://resources.trendmicro.com/Gartner-Magic-Quadrant-Endpoints.html

"The endpoint has become a key battleground as determined threat actors try to take advantage of the pandemic to target distributed workforces and vulnerable remote access infrastructure. But throughout this difficult period, we've been there for our customers," said Wendy Moore, vice president of product marketing for Trend Micro. "I'm delighted to see us recognized again for doing what we do best: Protecting global organizations through innovative, cloud-first and platform-based security. We will continue to focus on offering simple, robust and industry-leading protection through our cybersecurity platform."

At the heart of the company's cybersecurity platform is Trend Micro Vision One, which delivers visibility and XDR using telemetry from Apex One in addition to email, servers, cloud workloads and networks for faster detections and investigations.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

* Gartner disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


#TrendMicro


Sony’s Annual Profit Forecast Up by 13% Following Impressive Q2 Gaming Performance - Brand Spur
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