Sony posts record Q1 profit as new strategy lift its game

82.2 Million PS4 Shipped by June 2018 Prediction by March 2019 Increased to 96 Million Units

These two games will be available at no additional cost to active PS Plus subscribers, as the titles can be downloaded for free on PlayStation 4 consoles starting on Tuesday, August 7, 2018.

Despite this, Sony's revenues increased significantly thanks to PlayStation.

The electronics and entertainment giant reported profits Tuesday of 226.4 billion yen ($2.0 billion) for the April to June quarter, up from 80.9 billion yen in the same period past year.

With the previous year's one-time gain of 36.8 billion yen excluded, Sony logged even sharper first-quarter growth of 61 per cent.

Sony's quarterly financial results are in, revealing that the PlayStation 4 is sitting at a tidy 82.2 million consoles shipped to retailers. While Sony didn't manage to find the same success with the PS3, which was a rather slow burner, they are now the market leader with PS4 that is also making their Games and Network Services segment generate the most amount of revenue for the company.

Honor Note 10 launched with 6.95-inch display, GPU Turbo
The Honor Note 10 is built around a 6.95-inch Full HD+ (1080 x 2220 pixels) AMOLED display with thin side bezels and no notch. After teasing for nearly a month, Huawei's Honor has officially unveiled the Honor Note 10 smartphone today in China.

Spy agencies suspect North Korea building new missiles
United States spy agencies have found evidence that North Korea is building ballistic missiles, it was claimed last night. North Korea's ability to build ICBMs, and to replace test sites that they built in the first place, are not in doubt.

Willian to return to training with Chelsea on Wednesday
The Brazilian's Chelsea future is still far from being settled though, with Manchester United in the lead in the race to sign him. Real Madrid have been heavily linked with a move for the winger throughout the summer.

In gaming, profit rose nearly five times to 83.5 billion yen, as high-margin online software and Sony-made titles such as "God of War" compensated for slowing sales of PlayStation 4 consoles. The one-time gain came from the sale of Sony's camera module unit and the receipt of insurance payouts for natural disaster damage.

The electronics maker sees sensors as a pillar of growth in the medium and long term, as applications are likely to expand to depth sensing, surveillance, factory automation and automobiles.

But he also said the outlook is uncertain.

It also raised its sales forecast for the full year to 8.6 trillion yen, up from a previously projected 8.3 trillion yen.

Sony lifted its annual profit outlook for semiconductors by 20 percent to 120 billion yen, and for gaming by 32 percent to 250 billion yen. That compared with the JPY 754.66 billion average of 24 analyst estimates.

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