Sony released its Q3 financial report
By ForGeeks Sony Group released its Q3 financial report and its operating profit fell 29% from the same period last year. The company reported a profit of $1.74 billion and noted disappointing results in its image sensor and chip divisions.
Quarterly revenue was $18.5 billion, up 8%, compared with the 2022 figure. Chip profits fell 37% due to higher costs and falling sales of image sensors. The entertainment, technology and services segment also fell, down 9%.
On a more positive note, Sony shipped 4.9 million PS5s during the quarter, up 1.6 million consoles from a year ago. For those doing the math, Sony has already sold more than 46.6 million PS5 units since the console launched in 2020. The company expects to sell 25 million PS5 consoles by the end of this year, which means it has 16.8 million units remaining for the remaining three months.
Sony’s goal is to sell 25 million PS5 consoles by the end of this year.
Last month, Sony released an updated PS5 Slim, just in time for the holiday season. Sony’s annual total sales now stand at $82.1 billion. The company expects strong sales in video games, music and imaging solutions.
Sony expects a strong sales performance in video games, music and imaging solutions.
