Sony’s Chief Financial Officer, Kenichiro Yoshida, has said that, “The sales of PS VR, which was launched in October, are on track.” This comment formed part of his presentation of the company’s Consolidated Results for the second quarter of 2016 in Tokyo yesterday.

Explaining the ‘Game & Network Services’ segment as a whole, Yoshida said, “Sales and operating income for the current quarter decreased year-on-year and 19 billion yen of operating income was recorded.” He explains the year-on-year decrease in sales was, “Mainly due to the appreciation of the yen [and] the price cut of the new PS4 model.”

As a result of lower than anticipated Q2 performance, Sony has downwardly revised its operating income for financial year 2016 from 300 billion yen to 270 billion. This is down 10 per cent on July’s forecast and lower than last year’s results of 294.2 yen.