Sony plans to invest heavily in PlayStation’s in-house projects for the coming year and is looking to increase its investment in that area by nearly $200 million.
There’s no doubt that PlayStation’s exclusives are massive projects for the company, and the players as well. In fact, some of them are also dubbed ‘console summons’, a reason to buy a Sony console. According to Sony CFO Hiroki Totoki, the plan is to invest even more money in PlayStation’s exclusive projects. In a call with investors, Totoki revealed Sony’s plan to ramp up investment by $183 million over the coming year.
We intend to increase development personnel and other in-house costs by approximately ¥20 billion ($183 million) year-on-year, as we further strengthen our in-house software.Hiroki Totki, CFO Sony
This is coming from the fact that Sony also published its financial report for the tax year ending in March 2021. The report showed that PlayStation had a very good year.
Sony has sold 7.8 million PS5s since launch, which is an improvement on the sales recorded for the PS4 during the first four months of the previous consoles launch. That’s very impressive, especially when taking into account the global shortages of the console. They also recorded a profit for the company of $3.23 billion. 337 million PlayStation games have been sold during the previous financial year, 58.4 million of which were published by Sony.
Numbers like these are proof enough why Sony is looking to pump more money into creating PlayStation exclusives. Titles like The Last of Us and Spider-Man have both performed very well, both the originals and the sequels. Even though it released just in November, Spider-Man: miles Morales was the fifth best-selling game of the last 12 months.
This may be the first time Sony has revealed exactly how much money it is planning to spend on its exclusives and in-house software, but this isn’t the first time that they’ve shown their hand. In fact, just last week Sony’s Jim Ryan revealed that PlayStation aims to create more exclusive titles for the PS5 than it did for the PS4. Sounds like PS5 users have a lot of great content to look forward too!
Sony Corporation is a Japanese multinational conglomerate corporation headquartered in Kōnan, Minato, Tokyo. The company operates as one of the most comprehensive media companies on the planet and also holds the distinctions of being the largest video game console company and the second largest video game publisher in the world.
Its gaming and network services arm Sony Interactive Entertainment (formerly Sony Computer Entertainment) is best known for producing the popular line of PlayStation consoles.