Sony now shipped 82.2 million PS4 consoles

82.2 Million PS4 Shipped by June 2018 Prediction by March 2019 Increased to 96 Million Units

Sony Corp on Tuesday reported a record first-quarter operating profit on the back of strong sales of gaming software, giving support to the new management's strategy of focusing on stable sources of revenue.

This comes as no surprise considering the console is in its fifth year of sales.

The quarterly results are the first under new CEO Kenichiro Yoshida, who replaced Kazuo Hirai in April. Digital made up 43% of game sales (the same as last year) thanks to big hits like God of War.

"If you look past one-time items and just focus on their core business, it is still growing profits", Masahiro Wakasugi, an analyst at Bloomberg Intelligence, said prior to the release. No longer aiming for exotic and most important, expensive hardware, the PS4 was notably built around well-known PC architecture, making the lives of game developers easier while saving precious funding for Research & Development. Net sales rose 5 percent to JPY 1.954 trillion, and adjusted operating profit improved 61 percent to JPY 195 billion. Sony also raised its outlook for sales to ¥8.6-trillion from ¥8.3-trillion, citing higher-than-expected videogame sales. Sony hasn't said if or when it could sell its remaining holding.

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To that end, Sony has been expanding businesses that promise stable revenue streams, such as online gaming services and music content libraries, while minimising the impact of the volatile sales cycles of game consoles and other electronic gadgets.

Additionally, as music streaming continued to grow with Spotify announcing that its monthly active user base had expanded to 180 million, which topped all market estimates.

With games like Spider-Man, Assassin's Creed: Odyssey, Battlefield V and Red Dead Redemption 2 coming this year and Ghost of Tsushima and Hideo Kojima's Death Stranding later, Sony is still expected to make some solid profit from the PS4 division.

Chips: Operating profit fell 47% to ¥29.1-billion. The dollar is now expected to average 110 yen for the full year, compared to its earlier forecast of 105 yen.

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