The latest Sony financial results: profit slumps 29% on chip weakness

Several readers reminded me that I missed the latest Sony financial result in the post I published last week (Sony cameras are listed under the Entertainment, Technology, and Services segment):

  • Profit at chips division slumped by 37%
  • Hit by higher expenses and weaker sales
  • Maintained PS5 sales target of 25 mln units
  • Sony sold 4.9 mln PS5 units in Q2
  • Spider-Man " has sold 5 mln units

"TOKYO, Nov 9 (Reuters) - Sony's (6758.T) operating profit fell 29% in the July-September quarter as the company was hit by a weaker performance at its image sensor and financial divisions.

Profit for the quarter was 263 billion yen ($1.74 billion). That compared with a 306 billion yen estimate from 10 analysts polled by LSEG.

Profit at Sony's chips division slumped by 37%, hit by higher expenses and weaker sales of image sensors, which are used in smartphones.

"The North American market shows a significant year-on-year decline and at this point there's no change to our view that a recovery in the market will take place from next fiscal year," Sony President Hiroki Totoki told a news briefing."

Additional information at CNBC: "Sony profit slumps 29% on chip weakness but maintains 25 million unit PlayStation 5 target".

The full Sony financial results can be found here.

The latest financial results from Nikon, Ricoh, Fujifilm, Canon, and Tamron

This entry was posted in Sony and tagged . Bookmark the permalink. Trackbacks are closed, but you can post a comment.
  • FCC disclosure statement: this post may contain affiliate links or promotions that do not cost readers anything but help keep this website alive. As an Amazon Associate, I earn from qualifying purchases. When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Thanks for your support!

  • Back to top