
Sony's shares surged over 10% following the company's forecast of stronger revenue and profit for fiscal year 2024. Despite a decline in camera sales last quarter, overall camera sales have increased for the fiscal year. Additionally, Sony's gaming division reported a 37% increase in quarterly profit, as the PlayStation 5 approaches 75 million lifetime sales. The company's music rights business also achieved a milestone, generating over $10 billion in revenue for the first time in 2024, a development praised by outgoing CEO Kenichiro Yoshida, particularly highlighting the success of the EMI acquisition.
#Sony shares surge over 10% after it forecasts stronger revenue and profit for fiscal year 2024
Sony’s music rights business generated over $10bn for the first ever year in 2024; firm’s outgoing CEO, Kenichiro Yoshida, applauds EMI buy as best of his tenure (@musicbizworld) https://t.co/Hw16z8hRfi
Sony keen to bolster first-party earnings as PS5 nears 75 million lifetime sales https://t.co/SEZqPAqe6e https://t.co/cE5gjbqTRk