Sony FY 2022 results

[the-pi-guy]

Sony IR

Era thread

SIE shipped 6.3 million PS5's.

For the year:
¥3644.6B/$26.917B Revenue
¥250B/$1.846B Profit

38.4m PS5s shipped since launch VS 40m PS4s in the same Timeframe. Launch aligned, PS5 is currently lagging behind PS4 by 1.6m Units

[the-pi-guy]

Sony have done it. PlayStation 5 has had the Biggest Q1 for ANY console in HISTORY shipping 6.3 Million Units!

Incredible achievement pic.twitter.com/DSIMevT6Hf

— Benji-Sales (@BenjiSales) April 28, 2023

[the-pi-guy]

Forecast of 25 Million PS5 consoles shipped next fiscal, marking the highest ever shipment for a PlayStation console.

[Horizon]

Spider-man 2 is going to have to do a lot of carrying

[kitler53]

6.3 x 4 quarters = 25.2 million.

i think it's unsustainable to think playstation will sell 6.3 million units again next quarter but really it doesn't even have to because the holiday quarter is always a nice increate QoQ.  they are definitely in position to hit that target,.. maybe even exceed it.  that's f'ing crazy.

[the-pi-guy]

One notable thing is that Sony has decreased their investment by 1.5 billion for this year.

I think it was previously 5.5 billion, so now they have something like 4 billion to spend this year.

[BananaKing]

One notable thing is that Sony has decreased their investment by 1.5 billion for this year.

I think it was previous 5.5 billion, so now they have something like 4 billion to spend this year.

Investment in? Can you be more specific?

[the-pi-guy]

Investment in? Can you be more specific?

They're decreasing their plans for investment.

[kitler53]

One notable thing is that Sony has decreased their investment by 1.5 billion for this year.

I think it was previous 5.5 billion, so now they have something like 4 billion to spend this year.

maybe they already spent 1.5 billion on something not yet announced?   

or... maybe they already spent 1.5 billion on something not yet announced!!

[the-pi-guy]

maybe they already spent 1.5 billion on something not yet announced?  

or... maybe they already spent 1.5 billion on something not yet announced!!

No

• In terms of strategic investment, since we decided to increase working capital and capital expenditures, and in consideration of the current M&A market environment, we decided to reduce the amount from the initial plan of 2 trillion yen to 1.8 trillion yen.

When they originally made the plan 2 trillion yen was something like 18.5 billion. They showed they had like 5 billion dollars left some months ago, they've now decreased their investment plan down to basically $3.5 billion for the next year.

[Legend]

That's pretty great. It's awesome to finally start seeing PS5's true potential.

[Dr. Pezus]

It's taking off!

[the-pi-guy]

Out: Sony's outlook on PlayStation business this year missed expectations of analysts. Toyo Securities Hideki Yasuda says data show PS5 users are not buying new games, a concerning sing for the platform.https://t.co/qajAaNhziV

— Takashi Mochizuki (@6d6f636869) April 28, 2023

Lol.  

Elden Ring, Horizon, Gran Turismo 7 last year vs This year.

[Legend]

Did it actually miss expectations?

Or is this the regular thing of finding analysts that made bad predictions and using those predictions to make FUD?

[the-pi-guy]

Did it actually miss expectations?

Or is this the regular thing of finding analysts that made bad predictions and using those predictions to make FUD?

Software sales are down a little bit:

Game sales in the latest quarter were down to 68 million units from 70.5 million in the same period a year earlier. The company reported operating profit of ¥128.5 billion.

But this just looks like petty FUD.  

It's so weird to me to see a Bloomberg article like this.