Sony profit slumps 29% on chip weakness but maintains 25 million unit PlayStation 5 target
Publishing timestamp: 2023-11-09 04:09:20
Summary
Sony reported a 29% drop in operating profit for its second quarter due to weakness in its imaging sensor business. However, the company expects its PlayStation 5 console to reach its target of 25 million units shipped in 2023. Despite the profit decline, Sony increased its sales forecast for the full year and attributed it to positive foreign exchange rates and anticipated strong performance in its video game, music, and imaging businesses. The article also mentions the successful launch of the game Marvel's Spider-Man 2 and the sales performance of the PlayStation 5 console.
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Keywords: markets, breaking news: technology, sony group corp, breaking news: business, apple inc, usd/jpy, earnings, media, business news, technology, internet, breaking news: markets,