Sony sees slumping revenues despite strong PS5 demand

Sony Group published its financial report for the period ending on September 30 and its operating profit was down 29% compared to the same time last year. Sony reported JPY 263 billion ($1.74 billion) in profits as the company saw disappointing performance across its image sensor and chip divisions.

Quarterly revenues stood at JPY 2.8 trillion ($18.5 billion) which represents an 8% increase compared to the values for 2022. Chip profits are down by 37% due to higher expenses and slumping imaging sensor sales while the Entertainment, Technology and Services segment is also down by 9%...


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