TOKYO (Reuters) – Sony Group mentioned on Wednesday it’s going to spend 2 trillion yen ($18.39 billion) over the subsequent three years on strategic investments, together with a push to broaden subscribers to its gaming and leisure companies.
Sony mentioned in a press release it could speed up investments in cellular and on-line companies with the intention of increasing the variety of shoppers instantly linked to its companies to 1 billion folks from 160 million.
Because it streamlines its client digital enterprise, Sony is focusing extra on films, video games and different content material it sells by way of platforms akin to its PlayStation video games console.
The corporate is benefiting from robust demand for its PlayStation 5 launched in core markets in November. A world scarcity of chips, nonetheless, means Sony is unable to maintain up with demand for the video games console, which it needs to make use of to encourage on-line sport downloads and sign-ups for subscription companies.
Within the enterprise 12 months that began April 1, Sony goals to ship 14.8 million PlayStation 5 consoles.
Reporting by Tim Kelly; Enhancing by Jacqueline Wong