Sony aims to ship a record 25 million PlayStation 5 units in FY23.
Share Post
Sony aims to ship a record 25 million PlayStation 5 units in FY23.
Sony reported its second quarter (Q2) financial results for the fiscal year 2023 (FY23), showing a decline in operating profit but an increase in expected full-year revenue.
For Q2 FY23 ended September 30, Sony's overall operating profit fell 29% to 263 billion yen ($1.74 billion) compared to 370.1 billion yen in the same quarter last year. This decline was largely attributed to a 64.3 billion yen drop in operating income for Sony's financial services segment.
Meanwhile, overall Q2 revenues for the conglomerate increased 8% year-on-year to 2.83 trillion yen ($18.5 billion). This growth was driven by solid sales in Sony's gaming division, including 4.9 million PlayStation 5 consoles shipped in Q2, up 1.6 million units compared to a year ago. The latest Spider-Man game also sold 5 million copies globally since its October launch.
However, Sony's imaging and sensor division saw a 37% plunge in profits due to higher expenses and declining demand. The entertainment division also reported a 9% drop in operating income.
For the full fiscal year 2023, ending March 31, Sony raised its revenue forecast by 200 billion yen to 12.4 trillion yen ($82.1 billion), citing expectations of solid performance in its video game, music and imaging businesses. The electronics maker kept its full-year operating profit forecast unchanged at 1.17 trillion yen.
The company also aims to ship a record 25 million PlayStation 5 units in FY23, aided by the launch of a redesigned, slimmer and lighter PS5 model last month. Sony has sold over 46.6 million PS5s globally since the console debuted in 2020.
Suzuki e Vitara Electric SUV Revealed, India Launch In 2025
Pratik Rakshit 4 Nov, 2024, 4:47 PM IST
Royal Enfield Flying Flea C6 Electric Bike Unveiled
Sutanu Guha 4 Nov, 2024, 4:45 PM IST
Auto Sales October 2024: A Muted Festive Cheer For Bajaj Auto
Sutanu Guha 4 Nov, 2024, 12:11 PM IST
Ducati Unveils New V2 Engine Which Will Power The Upcoming Panigale V2
Sutanu Guha 4 Nov, 2024, 12:01 PM IST
Instagram Threads Hits 275 Million Active Monthly Users
Krishna SinhaChaudhury 4 Nov, 2024, 10:49 AM IST
We promise the best car deals and earliest delivery!