SonyThe group said on Wednesday that it plans to invest 2 trillion yen ($18.39 billion) in strategic investments over the next three years, including boosting the growth of users of games and entertainment services.
The company said it would accelerate investment in mobile and online services, with the goal of increasing the number of consumers directly connected to its services from 160 million to 1 billion.
While streamlining its consumer electronics business, Sony is focusing more on movies, games and other content sold through platforms such as PlayStation consoles.
The company is benefiting from strong demand for PS 5, which was launched in core markets in November. However, the global shortage of chips means Sony is unable to keep up with demand for the console. The company hopes to use game consoles to encourage online game downloads and subscriptions.
Sony plans to ship 14.8 million PS 5 consoles in the current fiscal year, which begins on April 1st.