What's going on?

Sony reported record full-year sales on Tuesday, after the entertainment giant came to the eye-opening realization that three Spider-Men are more profitable than one.

What does this mean?

Somewhere in this sprawling multiverse, there�s another Finimize reporting that Sony is in disarray after its latest Spider-Man movie unceremoniously flopped. This is not that universe, with Spider-Man: No Way Home having become one of the highest-grossing movies of all time. Throw in a long list of licensing agreements with streaming services, and Sony�s movie segment brought down the house last quarter.

Sony�s music and anime businesses performed well too, and there was big demand for its smartphone camera sensors. Put it all together, and the company posted its best-ever full-year sales � albeit with the caveat that the company�s profit came in 14% lower than the year before. It said it was expecting another drop of 6% this year too, which does make you wonder if Hotel Transylvania: Transformania was a shrewd investment.

Why should I care?

Zooming in: Microsoft might not be on top for long.
Sales of Sony�s PlayStation 5 faltered last year, but only because it�s still nearly impossible to get hold of one: the company doesn�t have enough of the parts it needs to meet demand. That�s put its sales well behind those of Microsoft�s Xbox models, which made record revenue in March. Sony, then, has been working hard to find new suppliers and design shortcuts, which it�s confident will help it get production back on track in next to no time.

The bigger picture: Sony�s built for this.
Sony makes a significant portion of its sales internationally, which is a fortunate position for a Japanese company to be in right now. See, the yen is at a 20-year low against the US dollar, largely because America�s rising interest rates (and Japan�s rock-bottom ones) have made US assets more appealing to international investors and savers. So when Sony converts its foreign revenue back into Japanese yen, it�ll be worth a lot more than it would�ve been otherwise.