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Sony PlayStation chief: hopes games unit can raise profit outlook this year
September 18, 2014 / 6:17 AM / in 3 years

Sony PlayStation chief: hopes games unit can raise profit outlook this year

TOKYO (Reuters) - Sony Corp’s game division head said he hopes the unit can raise its profit outlook for a second time this financial year as sales of the latest PlayStation console and subscription services for games and other content far exceed expectations.

Sony Computer Entertainment's President and Group CEO Andrew House speaks during an interview with Reuters in Makuhari, east of Tokyo September 18, 2014. REUTERS/Yuya Shino

Andrew House, chief executive officer of Sony Computer Entertainment, also told Reuters in an interview on Thursday that he was certain the game division would further increase its operating profit next year.

The division raised its operating profit outlook for the current year to next March to 25 billion yen (141 million pounds) from 20 billion when it last reported earnings in July.

Sony had sold more than 10 million PlayStation 4 game consoles as of Aug. 13.

House also said that Sony’s cloud-based TV service, due to be launched in the United States before the end of the year, was an opportunity to expand the user base of its network services, now at 52 million, and that the firm was looking for more content providers after inking a deal with Viacom last week to stream 22 of its channels.

Reporting by Sophie Knight; Editing by Edmund Klamann

Our Standards:The Thomson Reuters Trust Principles.
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