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Barnes and Noble

How Sony Interactive Entertainment Became A Highly Profitable Company

Current price: $21.99
How Sony Interactive Entertainment Became A Highly Profitable Company
How Sony Interactive Entertainment Became A Highly Profitable Company

Barnes and Noble

How Sony Interactive Entertainment Became A Highly Profitable Company

Current price: $21.99

Size: Paperback

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This essay sheds light on how Sony Interactive Entertainment became a highly profitable company, identifies the critical success factors behind Sony Interactive Entertainment's success as a highly profitable video game company, demystifies Sony Interactive Entertainment's growth strategies for long term revenue growth, and reveals the future outlook of Sony Interactive Entertainment in the digital era. Sony Interactive Entertainment is a subsidiary of The Sony Group Corporation. The Sony Group Corporation generated $11,015,000,000 in net income in 2021 and $84,594,000,000 in revenue in 2021. As per the Sony Group Corporation's revenue, in the third quarter of the 2021 fiscal year, it was for instance estimated the "Game & Network Services" division accounted for about 27% of its revenue. As per the Sony Group Corporation's profits, in the third quarter of the 2021 fiscal year, it was for instance estimated the "Game & Network Services" division accounted for about 19% of its profits. It can be deduced that Sony Interactive Entertainment is a highly profitable multinational video game company, especially since it is estimated that Sony has obtained around 43% market share in the video game console market in 2021. Sony Interactive Entertainment has attained market dominance in the ninth generation video game console market and is inapt to lose its position in the pending future as the market leader in the ninth generation video game console market. Even though the future is enigmatic and obscured behind a penumbra of time, gamers who play PlayStation 5 video games are inapt to transition to playing Xbox Series X video games partially because there are exorbitant costs associated with buying an additional ninth generation video game console. Sony Interactive Entertainment has published a myriad of video games for PlayStation consoles. "PlayStation Studios is a division of Sony Interactive Entertainment that oversees the" development of video games by Sony Interactive Entertainment's subsidiaries. Sony Interactive Entertainment has a plethora of video games companies as its subsidiaries who are able to develop video games for PlayStation video game consoles. The subsidiaries of Sony Interactive Entertainment are even able to develop exclusive video games for PlayStation video game consoles in contexts in which they are commissioned by Sony Interactive Entertainment to do so. There are for instance a copious amount of PlayStation exclusive video games that Sony Interactive Entertainment's subsidiaries have developed. Sony Interactive Entertainment publishes an exorbitant amount of disparate video games. Sony Interactive Entertainment has published video games that are subsumed under a slew of iconic video game franchises, such as the Ratchet and Clank franchise, the Jak and Daxter franchise, the Horizon franchise, The Last of Us franchise, the Uncharted franchise, the LittleBigPlanet franchise, the Gran Turismo Franchise, the Resistance franchise, the Infamous Franchise, the MLB: The Show franchise, and the Twisted Metal franchise. Sony Interactive Entertainment has also published videos games that are subsumed under the iconic Marvel franchise. Some of the videos games that are subsumed under the iconic Marvel franchise that Sony Interactive Entertainment has published encompass "Marvel's Spider-Man and Marvel's Spider-Man: Miles Morales". As of June of 2022, most video games that Sony Interactive Entertainment has published can only be played via video game consoles. If you lack PlayStation video game consoles then it will render you unable to play most video games that Sony Interactive Entertainment has published as a result of most video games that Sony Interactive Entertainment has published only be playable via PlayStation video game consoles. The strategic decision for Sony Interactive Entertainment to render most of their video games that they publish as PlayStation exclusive video games has redounded to their advantage since it entices gamers to procure PlayStation video game consoles. As more gamers purchase PlayStation consoles and gain access to the PlayStation store, it becomes all the more easier for Sony Interactive Entertainment to be able to generate sales of video games and downloadable content for video games via the PlayStation Store. As of 2021, it is estimated video game companies for instance pay Sony 30% of the sales revenue that is derived from their video game sales on the PlayStation Store. In order to be able to experience the vast majority of the Sony Interactive Entertainment' video game offerings you need to ample PlayStation video game consoles. Most gamers however are insouciant about playing older video games since they are often unpopular among gamers and are outmoded.

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