The success of the flagship console, the PS4, has boosted Sony's figures for the first quarter. The company announced a first-quarter net profit of 26.8 billion yen ($256 million), an increase from the same time period a year ago. Similarly, sales rose to 1.8 trillion yen ($17.92 billion). Sony's gaming division, with the help of PS4 sales, posted a 95.7 percent year-on-year rise in revenue. As a brand, Sony has outperformed Microsoft. Sony has sold a combined 3.5 million PS3 and PS4 units, while Microsoft has shipped only 1.1 million Xbox 360 and Xbox One units.
This is the silver lining of the cloud, though. Sony still expects to post a net loss of 50 billion yen ($486 million) for the fiscal year, which will end March 31, 2015. Part of the reason for the expected loss is due to Sony's restructuring of the company. Sony has sold off its VAIO TV brand, reformed its TV business, and projects that 5,000 employees will lose their jobs in a wave of layoffs.
While the PS4 is performing well in the market, Sony's handhelds, the PS VITA, PSP, and VITA TV, continue to struggle. There has been almost no mention of the handheld as of late, as was evident at this year's E3.
Source: Joystiq; VG24/7.