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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Keywords: business news, asia economy, earnings, technology, economy, breaking news: asia, sony group corp, markets,
Source: https://www.cnbc.com/2024/05/14/sony-q4-and-full-year-2023-earnings.html