Sony says next-generation platform work is on schedule in Q2 report

Sony reported in its Q2 financial results that progress toward its next generation of consoles is proceeding on schedule. The company also lifted its full-year profit forecast by 9 percent. It sold 2.6 million PlayStation 5 units in the quarter, bringing total shipments to 97.9 million.

For next fiscal year, the report says Sony aims to keep building user engagement and strengthen monetization through strong titles and service expansion. It adds that the company intends to make solid progress in preparing for the next generation platform.

In the Q&A, an investor asked CFO Lin Tao whether next-generation hardware plans were still on schedule. Tao described the work as next-generation R&D and said it is progressing as scheduled. He said the second half of the fiscal year would see a large impact from the investment amount, and that development itself is on schedule.

A BofA Securities investor asked how Sony is handling rising memory prices and the effect on profitability in a new generation. Tao said the company has to assume its production pipeline will be capable of producing units. Executive officer Naoya Horii said Sony has a deal with TMSC to address concerns about supply limitations.

On software, Sony reported that Marvel's Wolverine sold 2.4 million copies in the two months since release. Game Developer notes that Sony reported Marvel's Spider-Man 2 selling 2.5 million copies on its first day, and Ghost of Yotei selling 3.3 million copies in its first month.

Game Developer also notes that Sony CEO Hiroki Totoki expressed skepticism a few months ago about the memory crisis and next-generation plans. The outlet says price for the next hardware generation remains an open discussion.