Sony aims to sell 18 million PS5 consoles this year amid China lockdown risk

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ICYMI: Sony's profit for the three months to March 31 rose to over $1 billion, boosted by earnings from its gaming and network services business

on Tuesday said it planned to sell 18 million PlayStation 5 consoles this business year as robust game sales helped it more than double fourth-quarter operating profit.

"What I can say now is that we can procure enough components for 18 million units," Hiroki Totoki, Sony's chief financial officer, said at a press briefing.Sony is using its popular PlayStation 5 games console to encourage online game downloads and sign-ups for subscription services. Last business year it sold 11.5 million units as it struggled like other consumer electronic companies with COVID 19 supply chain disruptions.

Earnings at its gaming and network services business almost tripled in the quarter to 55.6 billion yen. This business year Sony expects profits from the unit to fall 12% as it invests in game development and spends on acquisitions.

 

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