PS4 Sales Soar Past 22.3 Million Units

Sony has revealed that sales of their PlayStation 4 console have surpassed 22.3 million units sold to consumers. Sony sold 14.8 million of those units were sold during the previous fiscal year, which ended March 31, 2015.

The previous fiscal year was kind to Sony thanks to its Game and Network Services division. Revenues from the division rose 33% compared to the previous fiscal year, earning Sony $11.5 billion. Operating income rose to $401 million, a stunning figure compared to the $78 million loss Sony had to deal with last year.

Kaz Hirai’s plan of bringing the company back to profitability appears to finally be working. Sony pulled in a $576 million profit, which is a 159% increase compared to last year. Its been a long time since Sony has posted a profit as high as this, and the company expects to quadruple over the course of the next fiscal year.

A lot of that increase is expected to come from increased PS4 sales. Sony expects to sell 16 million units of the console during the 2016 fiscal year. They aren’t expecting much from the PSP and PS Vita, whose combined sales dropped from 4.1 million last year, to 3.3 million this year. Sony also expects the PS3 to be dead weight thanks to a continuous decline in sales. The company hopes to soften this decline with strong software sales and an increase in network revenue.