Sony has released a full-year financial report for 2020. PlayStation 5 outperforms PS4 in terms of early sales, and there is strong demand for games and additional services. The situation in the mobile sector is improving, but the image sensor sector has been collateralized by the US-China trade war.
In the smartphone business, Xperias sold in 2020 decreased slightly from 3.2 million units in the previous year to 2.9 million units. Note: Sony’s fiscal year begins in April, so the third quarter is a holiday quarter. That quarter’s sales fell from 1.3 million last year to 1 million. The fourth quarter, from January to March, matched the previous year’s performance with sales of 400,000 units.
The good news for the last three months is that operating revenue is actually slightly higher, ranging from JPY70,380mn to JPY74,150mn. This means that the average selling price (ASP) per unit is high.
Even better, Sony continues to reduce operating costs in the mobile sector. As a result, a profit of 27,671 million yen was obtained from a loss of 21,057 million yen in the same period of the previous year. All of this helped increase operating profit across the electronics division (formerly Sony Mobile had several other divisions integrated into electronics).
Sony sold 3.3 million PlayStation 5 consoles between January and March, bringing the total to 7.8 million. This is slightly higher than the PS4 managed in the same period after launch, and Sony is still working to increase production to meet demand. And that’s not all. The company sold the PlayStation 5 at a price that was lower than the manufacturing cost (this is common in early consoles that became available).
The good old PS4 is also really doing very well, with quarterly sales of 1 million and 5.7 million for the full year. The 5th generation model has a long way to go before it can match the PS4, which boasts over 100 million lifetime sales.
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Total sales increased 34% year-on-year to 2.66 trillion yen due to strong sales of PS5, an increase in games (including add-on content), and an increase in sales of PlayStation Plus. Operating revenue was 342.2 billion yen.
PS4 and PS5 combined game sales totaled 338.9 million units for the full year, of which 58.4 million (17%) came from Sony game studios.
Sony’s entertainment division Demon Slayer – Kimetsu no Yaiba – the Movie: Mugen Train Grab the headline by becoming Japan’s highest-paying movie, the highest-paying Japanese movie, and the highest-paying anime movie ever.
Sony’s image sensor division was hit and shipments were suspended due to US export restrictions, so inventory worth 7.2 billion yen had to be written down. In other words, they were for Huawei.
The company also spent a lot of money on research and development as sales of image sensors (for smartphones and digital cameras) declined overall. As a result, operating income decreased to 145.9 billion yen.
You can read Complete report (PDF) and Supplementary data (PDF) For more information.
