Feb 20, 12:43 PM

Sony's $10 Billion Loss After PS5 Sales Cut, Hits Decade Low in Gaming Margins

Sony experienced a significant financial setback as $10 billion was wiped off its stock value following a cut in its PS5 sales forecast. This downturn is attributed to a notable decline in the gaming division's operating margins, which fell to just under 6% in the recent quarter, marking a near decade low games margin. Analysts have expressed concerns over Sony's profitability in its gaming division, highlighting the company's shrinking operating margins despite achieving record revenues. Additionally, the PS5 Slim disc console's price drop to £409, offering a £70 savings, indicates a potential strategy to boost sales amidst the financial challenges and the PlayStation 5 plunging to a record low price.

#Sony #PS5 #PS5 Slim

Written with ChatGPT (GPT-4).

Sources

Genetic Engineering & Biotechnology News@GENbio
2 years ago
StockWatch: Biogen's Q4 Results Disappoint Analysts Biogen’s stock price fell 10.5% this past week as sales of key drugs, as well as fourth quarter earnings and revenue missed expectations. Learn more: https://t.co/itp8AkdDde https://t.co/qgMhVLKsue
Market Rebellion@MarketRebels
2 years ago
$CZR Q4 Earnings Sales: $2.83B misses $2.85B estimates EPS: $(0.34) misses $(0.07) estimates Shares are nearly flat around $41.40 in after hours trading following the double miss.
Market Rebellion@MarketRebels
2 years ago
$TDOC Q4 Earnings Sales: $660.5 misses $671.43 estimate EPS: $(0.17) beats $(0.21) estimate Shares currently down 🔴 -10% to $18.26 in after hours trading.

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