Despite the stock problem on the market, the next generation gaming console, the PlayStation 5, has been very profitable for Sony. When the Japanese company releases its annual report next month, it will see a net profit of about $10 billion. This high revenue will affect not only shareholders, but also company employees.
Many reports so far have shown that the PlayStation 5 has achieved record sales. Sony became the fastest-selling console in U.S. history in the first four months with its new gaming console. The device sold 3.4 million in a month; At the same time, the company said it wants to bring this figure to 18 million by 2021.
Sony to distribute 7 salary bonuses to employees
The extraordinary rise of the PlayStation 5 in the market will be reflected in the company’s staff, according to claims made by Japanese state broadcaster NHK. Employees at the parent company in Japan will be paid an annual bonus equivalent to a 7-month salary. Many workers will face surprise payments of tens of thousands of dollars in addition to their standard monthly salaries. In the same direction, the bonuses that some employees in senior management will receive will reach six digits.
Such jackpots are now seen as a tradition in Japan. Most high-end companies pay their staff bonuses for several months when the Japanese financial year ends. So April is usually quite profitable for the employees here.
Stock problem persists for PlayStation 5
Financially, Sony is taking a pretty good stance. However, the ongoing inventory problem will be in the company’s life for some time, according to estimates. Problems with the supply of graphics processing units and other hardware parts, as well as the blockage of the Suez canal, will likely damage PlayStation 5 stocks. However, there is no official statement on this issue at this time. The impact of Ever Given’s congestion will only be revealed in a while.
In any case, the company needs to make a serious breakthrough to solve the problems in stocks. Otherwise, the targeted 18 million PlayStation 5 sales by the end of the year could be somewhat disrupted.
And how do you rate Sony’s distribution of 7 salary bonuses to its employees? Don’t forget to share your ideas with us.