Sony's game group grows revenue 27% in Q2, sells 3.9 million PS4s



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Sony's game and network services grew 27 percent in the second quarter ended September 30, the Japanese electronics company reported Monday night. The price of Sony is higher than it was estimated in July. As a result, the overall revenues are expected to be higher.

Revenues were $ 4.88 billion in the quarter for the group, compared with $ 3.84 billion in the same quarter a year earlier.Operating income was $ 800 million, compared with $ 490 million a year earlier.

Game and network service income is now expected to be 8 percent higher than previously expected. Sony is credited with the prediction of higher sales of software for the growth, and the future of sales of PlayStation 4 hardware. Sony also said that it expects higher than expected sales for the PlayStation Plus paid membership service. Operating income was higher than forecast in the quarter for the same reasons.

In the second quarter, Sony said it sold 3.9 million PlayStation 4 consoles. Sony is benefiting from strong sales of Spider-Man, which sold 3.3 million units in its first three days in September. Red Dead Redemption 2, Call of Duty: Black Ops 4, and Battlefield V.

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