
Sony has reported a strong financial performance for the first quarter of its fiscal year, with a 10% increase in operating profit, totaling 279 billion yen ($1.90 billion). This growth was driven by the company's robust image sensors business and a thriving gaming sector, despite a decline in PlayStation 5 hardware sales. The company sold 2.4 million PS5 units this quarter, marking a 27% decrease year-over-year, but overall sales have reached 61.7 million units since launch. Sony's music division also contributed significantly to the positive results, prompting the company to raise its annual net profit forecast. The strong performance in the Game & Network Services and Imaging & Sensing Solutions segments was highlighted, with adjusted earnings per share reported at ¥189.43 and revenue at ¥3.01 trillion, a 1.6% increase year-over-year. In response to these results, Sony's stock is up 4.6% in premarket trading.
#Sony reported that #PlayStation hardware sales are down year over year, but it's not all bad news. https://t.co/hLfYhSGlz5
PS5 Hardware Sales Are On The Decline, But Sony Is Still Looking Healthy https://t.co/gOXqz4kfKS https://t.co/VHwfO2aaZJ
PlayStation 5 Sales Down From Last Year, Sony Reveals https://t.co/ysHLD7C4rh https://t.co/bf6jOEjQfS



