PlayStation CEO states that the PlayStation 4 is entering the final phase of its life cycle
Today, PlayStation discussed their 2017 fiscal year in a Sony IR (Investor's Relations) Day presentation. In the report, it was mentioned that as of March 31, 2018 that the PlayStation 4 system had sold 79 million units, with 246 million games sold. Also discussed were the sales of PlayStation VR, which, while successful, fell below market expectations, and that the company would be readjusting their outlook on VR going forward. The main focus for Sony's gaming sector is to bolster the PS4's library by utilizing the company's many intellectual properties. More importance will be put on revitalizing successful IPs from the past, citing existing franchises as a pillar of strengthening sales.
The CEO of Sony Interactive Entertainment, John Kodera also claimed that the PlayStation 4 was "reaching the final phase of its life-cycle", which would cause a decrease in profits. From now until the fiscal year ending in March 2021, Kodera expects lower revenue than in previous years, but intends for strong software sales to offset losses. These plans would "allow for a breather while preparing for a bigger leap for PlayStation" afterwards, in 2021.
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