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Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target - TL;DR CNBC

Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target

Publishing timestamp: 2024-05-14 03:45:53


Summary

Sony reported a 7% drop in annual profits for fiscal year 2023, with operating profit at 1.2 trillion yen. The company narrowly missed its revised-down target for PlayStation 5 sales, with shipments totaling 20.8 million. Sony's financial services division and imaging and sensing solutions business were primary segments driving down profit. The company also announced a management shakeup in its Sony Interactive Entertainment gaming unit. Sony expects weaker sales of 18 million units of PS5 in the year ending March 2025.


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Tickers: 6758.T-JP

Keywords: business newsasia economyearningstechnologyeconomybreaking news: asiasony group corpmarkets

Source: https://www.cnbc.com/2024/05/14/sony-q4-and-full-year-2023-earnings.html


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