Sony’s PlayStation 4 continues to be a success story for the company. The Japanese gaming giant announced its Q1 FY’18 financial earnings report this week. And as you’d expect, PS4 has hit another milestone.

During the quarter that ended on June 31, 2018, PS4 sold 3.3 million units worldwide. The figure is slightly down from the same period last year when it sold 3.3 million units. As a result, the lifetime sales of PS4 have exceeded the 82 million mark. Sony expects to sell 17 million units during the current fiscal year which ends on March 31, 2019.

It doesn’t seem that Sony will have much trouble reaching that milestone. The PS4 usually sells more than 5 million units during the third financial quarter, thanks to strong Black Friday and Holiday sales.

Sony has reported a significant 4.7 times year-on-year increase in operating income for the Game & Network Services segment. “This significant increase in sales and operating income primarily due to an increase in sales of PS4™software sales including through the network,” Sony revealed in its report.

The last quarter played host to highly-anticipated God of War, which received a tremendous feedback. The game sold 3.1 million copies in just three days since launch, and sold 5 million copies in the first month.

The report cites God of War and other third-party titles “significantly exceeding expectations”. Sony’s E3 showcase also received a “strong” feedback. It is why the gaming giant is revising PS4’s software and hardware sales forecast for FY’18.

Sony showcased some many noteworthy titles during its E3 keynote. Titles, such as Ghost of Tsuhima, Spiderman, The Last of Us Part 2 have received high praise. Spiderman is set to release in September, with custom PS4 and PS4 Pro bundles to commemorate the launch. We can expect to see strong sales for the current quarter.

Author: Jawwad Iqbal

Having written on tech for years now, Jawwad Iqbal took his passion for sharing news and opinions with the inception of Hardware Blitz. He holds a firm view that quality content drives long-term success.