Sony's group net profit almost quadruples on year in April-June quarter

Yeah. I’d look that miserable too in that weather

Notably, Sony Interactive Entertainment predicts to ship 18 million units, which means that the company expects lifetime PS4 shipments to reach 78 million by the end of March. Sales grew 15% to ¥1.86 trillion (~$16.86 billion).

Japanese electronics and entertainment giant Sony said on Tuesday its net profit almost quadrupled in the three months to June, backed by brisk sales of smartphone components and cameras and solid revenue from its game business.

The surge in profit reflected the recovery for image sensors from damage from an natural disaster sustained previous year, said the company.

Meanwhile, the PlayStation Network now has 70 million monthly subscribers, giving Sony a steady revenue stream. During the current quarter, restructuring charges, net, increased 0.7 billion yen year-on-year to 2.4 billion yen. Income decreased significantly due to the lack of any highly profitable first party game launched during the quarter.

- Within Sony's recorded music operations, streaming led the way, generating $346 million (38.44 billion yen), an increase of 25.4 percent from last year's corresponding period when streaming totaled $283.7 million (30.7 billion yen). Other revenue, including licensing, merchandising, and live performances, saw a slight 9.6% increase to ¥14.883 million ($134.7 million). Sales also experienced a 17% increase on a constant currency basis over last year's ¥141.9 billion ($1.29 billion).

Sony's fiscal first quarter profit almost quadrupled from a year earlier, boosted by its lucrative image sensor and other businesses and highlighting a gradual recovery at the Japanese electronics and entertainment company.

Music publishing, which consists of Sony/ATV, Sony Japan publishing and its percentage of EMI Music Publishing, produced revenues of $151.7 million (16.86 billion yen), a 7.7% increase from a year ago.

Hirai took over in April 2012 after a disastrous fiscal 2011 that saw the company post a net loss of 456.6 billion yen.

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