Sony Group has released its financial report, revealing a 29% decrease in operating profit compared to the same period last year, with a profit of JPY 263 billion ($1.74 billion). The decline is attributed to underperformance in the image sensor and chip divisions.
Despite a 8% increase in quarterly revenue to JPY 2.8 trillion ($18.5 billion) from 2022 values, chip profits have dropped by 37% due to rising expenses and declining image sensor sales. The Entertainment, Technology, and Services segment also experienced a 9% decline year-on-year.
On a positive note, Sony delivered 4.9 million PS5 units in the quarter, marking a 1.6 million increase compared to the previous year. The total shipment of PS5 units has now reached over 46.6 million since its launch in 2020. Additionally, the new Spider-Man 2 game has achieved impressive sales of 5 million units. With the introduction of the redesigned PS5 Slim and promising holiday season sales, Sony aims to hit a total sales forecast of JPY 12.4 trillion ($82.1 billion) with strong performances in its video game, music, and imaging solutions businesses.