Sony gaming revenue and profit on the decline as new console generation looms

With this console generation drawing to a close, Sony's game business is on the decline as both revenue and income fall year-on-year.
According to the latest quarterly financial report (three months ending December 31, 2019), gaming revenue fell 20% year-on-year to ¥632 billion ($5.7 billion); income from gaming was similarly affected, falling 26% to ¥53 billion ($484 million)
Revenue was down in all sectors of Sony's gaming business save for network services which climbed 7% to ¥85 billion ($782 million)
Meanwhile, digital software and add-on content fell 13% year-over-year to ¥304,982 ($2.8 billion).
Hardware and packaged software took the biggest hit though, plummeting 30.5% year-over-year to $2 billion.
Looking at the nine months consolidated figures, the latest decline continues a steady trend downward for Sony.
According to those numbers, in the nine months ending December 31, 2019, Sony has seen revenue from games decline over 14% to ¥1,496 billion ($13.6 billion).
This is a trend reflected in Microsoft's latest financial report, which also noted a 21% decline in gaming revenue, while reporting that subscription figures were on the rise.
With Sony posting an increase in network services and a decline everywhere else, live services are the last dependable revenue stream as the next console generation looms.

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