read from tweaktown:
Sony has revised its capital allocation for strategic investments, acquisitions, and share buybacks and freed up more cash for its PlayStation games division and other segments. Sony has increased its capital expenditure (or the total budget that the company has available to spend on its products and content across all of it segments) for the period in part to help finance a significant increase in spending on its PlayStation brand.
Sony just reported its best-ever year for PlayStation, with the games division generating a record-breaking $27 billion in FY22. This landmark success was driven by stellar PS5 console sales and strong growth in its PC-driven gaming segment. In a bid to keep this momentum going, Sony has decided to increase its capital expenditure in part for PlayStation gaming as it gears up for a record 25 million PS5 console production and shipment cycle, as well as major new first-party games across live services and dedicated console gaming.
Sony has revised its capital allocation for strategic investments, acquisitions, and share buybacks and freed up more cash for its PlayStation games division and other segments. Sony has increased its capital expenditure (or the total budget that the company has available to spend on its products and content across all of it segments) for the period in part to help finance a significant increase in spending on its PlayStation brand.
Sony just reported its best-ever year for PlayStation, with the games division generating a record-breaking $27 billion in FY22. This landmark success was driven by stellar PS5 console sales and strong growth in its PC-driven gaming segment. In a bid to keep this momentum going, Sony has decided to increase its capital expenditure in part for PlayStation gaming as it gears up for a record 25 million PS5 console production and shipment cycle, as well as major new first-party games across live services and dedicated console gaming.
