Sony could also be identified traditionally for its tech merchandise like televisions and the Walkman, however the firm has slowly been transitioning in direction of leisure for years. And whereas its electronics enterprise has been faring properly not too long ago – posting a ~$1.06 billion revenue for the quarter ending 31st December – its deal with music, anime, and gaming are actually starting to carry residence the bacon for the legendary Japanese agency.
The truth is, the change within the organisation’s fortunes has been so stark these previous few years that it’s now forecasting its highest ever profit for the fiscal yr ending in March: ~$10 billion. Ought to it obtain the determine, it’d symbolize an 86 per cent upswing year-over-year, and shatter the corporate’s earlier file yr, recorded in March 2019. That is all throughout a pandemic yr, in fact, though it’s clear that coronavirus has had a optimistic affect on many features of its enterprise.
Whereas we’ve already written at size about the success of PlayStation in particular, it’s value noting that Sony Music additionally recorded its largest income ever – and its second finest working revenue of all-time. This has been accelerated by an increase in music streaming, but in addition the success of its anime manufacturers, like Demon Slayer, which has taken Japan by storm. All in all, the corporate is in a really wholesome place proper now – a significant change from these years of losses that it confronted throughout the PlayStation three period.