Profit is down by almost 50 percent.
Revenue from the company’s games segment was year-over-year, with some of the increase due to the impact of the weak yen. But operating income fell from 82.7 billion yen to 42.1 billion yen , a decline of almost 50 percent. Sony cited the costs involved with making, as well as developing games more generally, as contributing to this decline.
“Performance of Sony’s two major pillars, games and image sensors, was bad and masked by the weak yen,” Toyo Securities analyst Hideki Yasuda. “PlayStation software sales continued to be lackluster and still-declining PlayStation Plus subscriber numbers are concerning.” As a result of the challenges, Sony has cut its annual profit forecasts for its games division from 255 billion yen to 225 billion yen ,notes. The company recently said it’s focused on ramping up production of its PS5 console, but also plans to
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