Sony's Q2 Earnings Reveal PS4 Games Rocketed 83% During COVID-19

74% of those sales were digital.

Gaming
5,597 Hypes 7 Comments

Sony has just reported its second-quarter financial earnings for 2020, and it appears that game sales for the PlayStation 4 has almost doubled since COVID-19.

In particular, a staggering 91 million PS4 games were sold from the beginning of April till end of June, marking an impressive 83 percent increase when compared to the 49.8 million sales during the same quarter in 2019. Unsurprisingly due to lockdown, 74 percent of those sales were digital copies, with 18.5 million being first-party exclusives such as Naughty Dog’s The Last of Us: Part II. PlayStation Plus subscriptions also went up from 41.5 million at the end of the first quarter to now 44.9 million, but unfortunately console sales decreased due to the slowing economy, down 41 percent.

“Although factors such as constraints due to employees working from home and restrictions on international travel remain, necessary measures are being taken and preparations are underway with the launch of the console scheduled for the 2020 holiday season,” Sony reassured investors.

Gaming definitely contributed massively to the company’s overall standings this year, bringing in $5.7 billion USD over the quarter, compared to just $4.3 billion USD in the same period last year. Almost every other sector of the company’s business saw year-over-year declines, including television, camera, and smartphone sales. Despite this, Sony managed to sustain growth, raking in $18.6 billion USD in overall sales this past quarter, up from $18.1 billion USD last year.

Elsewhere in business-related news, Ferrari’s second-quarter earnings dropped 60 percent.

Read Full Article

What to Read Next

Sony to Ramp up PS5 Production, Not Phasing out PS4 Yet
Gaming

Sony to Ramp up PS5 Production, Not Phasing out PS4 Yet

65% of PlayStation Store revenue still comes from the PS4.

2022 Venice Biennale Artists Announced
Art

2022 Venice Biennale Artists Announced

The 59th edition showcases the most diverse list to date.

Sony Is Testing a Voice Command Feature for the PlayStation 5
Gaming

Sony Is Testing a Voice Command Feature for the PlayStation 5

Users can address the console by saying “Hey PlayStation.”


Palm Angels SS22 Sets the Mood for Sunny Days
Fashion

Palm Angels SS22 Sets the Mood for Sunny Days

Featuring psychedelic palm tree prints, updated tracksuits and more.

The Paul Institute Members Share New Music on Apple Music Special
Music

The Paul Institute Members Share New Music on Apple Music Special

Announcing a new EP from Jai and A.K. Paul’s collective.

Akihabara's Landmark SEGA Arcade Closing After 17 Years
Gaming

Akihabara's Landmark SEGA Arcade Closing After 17 Years

The popular tourist destination closes this month.

adidas Football Unveils Latest Innovations With X GHOSTED Boot
Footwear

adidas Football Unveils Latest Innovations With X GHOSTED Boot

Set to be worn by the game’s fastest players including Mo Salah, Gabriel Jesus and more.

Gordon Murray Debuts the $3 Million USD McLaren F1-Inspired T.50
Automotive

Gordon Murray Debuts the $3 Million USD McLaren F1-Inspired T.50

Featuring a central driving position and a naturally-aspirated V12.

NYC Independent Venues Call for "Save Our Stages" Action Day
Music

NYC Independent Venues Call for "Save Our Stages" Action Day

Pushing to pass a bill that will offer aid to venues during this pandemic.


Zagato Unveils the 2021 IsoRivolta GTZ
Automotive

Zagato Unveils the 2021 IsoRivolta GTZ

Mechanically based on the Corvette Z06.

Playboy and Soulland Link up for Retro-Inspired Summer 2020 Capsule
Fashion

Playboy and Soulland Link up for Retro-Inspired Summer 2020 Capsule

Emblazoned with prints of vintage magazine covers.

Detroit Pistons Extend an NBA Tryout Invitation to J. Cole
Sports

Detroit Pistons Extend an NBA Tryout Invitation to J. Cole

Following news of the rapper training to join the league.

Blizzard Drops New Gameplay Trailer for 'Diablo Immortal'
Gaming

Blizzard Drops New Gameplay Trailer for 'Diablo Immortal'

‘Diablo II’s Baal makes a return.

The NOMAD Grill Is a Briefcase-Sized Grill and Smoker
Design

The NOMAD Grill Is a Briefcase-Sized Grill and Smoker

Able to smoke two racks of ribs or 30 burgers.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.