Sony reports healthy profits on strong sales of sensors and games

Date:

Share post:


Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network services

TOKYO — Sony’s profit rose 69% in July-September from a year earlier on the back of strong sales of its image sensors, games, music and network services, the Japanese electronics and entertainment company said on Friday.

Quarterly profit was 338.5 billion yen ($2.2 billion), up from 200 billion yen in the year-earlier period, while consolidated quarterly sales edged up 3% year-on-year to 2.9 trillion yen ($19 billion).

Tokyo-based Sony’s latest quarterly results were boosted by healthy demand around the world for image sensors used in mobile products.

Sales also held up in its video games division. During the latest quarter, 3.8 million PlayStation 5 game consoles were sold globally, compared with 4.9 million units sold the same period a year ago.

Demand remained strong for PS5 game software, according to Sony.

The top-selling music releases from Sony for the quarter included “SOS” by SZA, David Gilmour’s “Luck and Strange” and Kenshi Yonezu’s “Lost Corner.”

One area where Sony’s business suffered was its pictures division, including TV shows and movies, which was impacted by production delays caused by the strikes in Hollywood.

Among the recent hit films from Sony was “It Ends With Us,” a romantic drama based on a novel.

Sony, which also makes digital cameras and TVs, maintained its 980-billion yen ($6.4 billion) profit forecast for the fiscal year through March 2025, up 1% from the previous fiscal year.

___

Yuri Kageyama is on X: https://x.com/yurikageyama



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Hydrate. Make lists. Leave yourself time. And other tips for reducing holiday travel stress

Travel can be stressful in the best of times. Now add in the high-level anxiety that seems...

Negotiators work through the night at UN climate talks to try to reach a cash deal for poor nations

BAKU, Azerbaijan -- The United Nations' annual climate talks pushed into overtime Saturday under a cloud of...

What to know about Lori Chavez-DeRemer, Trump's pick for labor secretary

WASHINGTON -- WASHINGTON (AP) — President-elect Donald Trump on Friday named Oregon Rep. Lori Chavez-DeRemer to lead...

Trump nominates Marty Makary, a critic of some COVID-19 health measures, to lead the FDA

WASHINGTON -- President-elect Donald Trump on Friday nominated Dr. Marty Makary to lead the Food and Drug...

What to know about Scott Bessent, Trump's pick for treasury secretary

WASHINGTON -- WASHINGTON (AP) — President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for...

Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor

WASHINGTON -- WASHINGTON (AP) — President-elect Donald Trump announced Friday that he'll nominate hedge fund manager Scott...

What do hundreds of beavers have to do with the future of movies?

NEW YORK -- Hard as it may be to believe, changing the future of cinema was not...

Charlotte airport workers voting on whether to strike during busy Thanksgiving travel week

CHARLOTTE, N.C. -- Service workers at Charlotte Douglas International Airport filled out paper ballots on a busy...