SonyThe group said on Wednesday that it plans to invest 2 trillion yen (US$18.39 billion) in strategic investments over the next three years, including boosting user growth in gaming and entertainment services.

The company said it will 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 the PS 5, which launched in core markets in November last year. However, the global chip shortage meant that Sony couldn't keep up with the demand for this console. The company wants to use gaming consoles to encourage online game downloads and subscription services.

In the current fiscal year starting April 1, Sony plans to ship 14.8 million PS5 consoles.