The Japanese electronics and entertainment giant revised upward its sales outlook for fiscal 2023 to
For the three months through June, Sony's net profit declined by 16.7 percent from a year ago to
Sales of both game hardware and software increased in the first quarter of the current business year, the
Sony has been showing confidence in its game business, selling a record 19.1 million PlayStation 5 consoles in fiscal 2022. It aims to expand sales to 25 million units this fiscal year, while rival
In the April-June period, Sony sold 3.3 million units of PlayStation 5, compared with 2.4 million units a year before.
Sony also said it saw a jump in its music streaming service due in part to the smash hit "Idol," a song by popular Japanese duo Yoasobi.
While the overall outlook is positive, Sony said it expects its movie business to fare worse than initially anticipated as a major
The company also downgraded the sales outlook for its semiconductor business as it expects a decrease in unit sales of image sensors for smartphones in
"We will not hold excessive inventories while optimizing investment opportunities,"
==Kyodo
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