Sony trims profit forecast as gaming performance drags

TOKYO : Japan's Sony Group Corp on Friday trimmed its full-year profit forecast due to an expected weaker performance at its key gaming unit, which posted a steep drop in first-quarter operating profit as consumer interest in gaming waned.

The maker of PlayStation 5 consoles slashed the annual operating profit forecast for its gaming unit by 16 per cent, citing an expected fall in games sales from external developers while booking expenses from an earlier-than-expected closing of its deal for"Halo" creator Bungie. The group sold 2.4 million PS5 units in the first quarter, only a slight increase from the same period a year earlier. Upcoming PlayStation titles it hopes will boost user engagement include"God of War Ragnarok", due for release in November.

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Sony trims profit forecast on weaker gaming outlookTOKYO :Japan's Sony Group Corp on Friday cut its annual operating profit forecast by 4 per cent to 1.11 trillion yen ($8.37 billion) as it lowered expectations for its key gaming unit.Sony also posted a 9.6 per cent rise in first-quarter operating profit, beating analyst estimates, boosted by demand for its m
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Sony trims profit forecast on weaker gaming outlookTOKYO :Japan's Sony Group Corp on Friday cut its annual operating profit forecast by 4 per cent to 1.11 trillion yen ($8.37 billion) as it lowered expectations for its key gaming unit.Sony also posted a 9.6 per cent rise in first-quarter operating profit, beating analyst estimates, boosted by demand for its m
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »