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