PS4 and Amazing Spider Man 2 Saved Sony’s Ass

Sony recorded a higher net profit than expected during the second quarter of the year. Thanks to the sales of its new game console Playstation 4 and the blockbuster “The Amazing Spider-Man 2″ which saved Sony’s ass.

The tech giant has reported the profit of 26.8 billion Yen (around $260 million) between April to June, that is more than 700% higher than recorded in the same period of 2013, according to results released today by the Japanese company, which exceeded even the  forecast. Its operating profit totaled 69.8 billion Yen ($677 million), that is almost double what Sony had last year 35.5 billion Yen.

According to the company, such profit is largely because of the increase to its gaming division and particularly its new Playstation 4 platform, which was rolled out last November. The gaming console sales and the network services made generated 257.5 billion Yen ($2501 million), almost double in comparison to the the same period in 2013.

Sony has sold around 8.7 million units PS4 worldwide, far above its main competitors, the Microsoft’s Xbox One (5 million) and Nintendo Wii (6.7 million). For this quarter Sony reported the sale of 3.5 million Playstation, but didn’t confirm separately, so this should be including PS3 and PS4.

Another key factor in the improvement of its results is the improvement in its film division (Sony Motion Pictures), as well as the favorable impact of exchange rates between currencies, the company explained. In terms of the movie division the main credit goes to “The Amazing Spider-Man 2” which has done a great job worldwide and made around $706 million worldwide, and also “22 Jump Street” that added around $192 million.

Moreover, the mobile segment recorded an operating loss of 2.7 billion Yen ($26.2 million). Since 2007, the Japanese company has fallen into the red every year except 2012. We might see something good in data this year.