Sony Group released its financial report for the period ended September 30, and its operating profit fell 29% compared to the same period last year. Sony posted profits of 263 billion yen ($1.74 billion) as the company reported disappointing performance in its image sensor and chip divisions.
Quarterly revenue stood at 2.8 trillion yen ($18.5 billion), representing an 8% increase over 2022 figures. Chip profits are down 37% due to higher expenses and declining sales of image sensors, while the Entertainment, Technology and Services segment is also declining. down 9% year-on-year.
On a more positive note, Sony shipped 4.9 million PS5 units in the quarter, which is 1.6 million more consoles than a year ago. For those keeping track, Sony has now shipped over 46.6 million PS5 units since the console’s launch in 2020. Additionally, the new Spider-Man 2 game has sold a whopping 5 million units. Sony has a sales goal of shipping 25 million PS5 consoles by the end of this year, which leaves 16.8 million units for the remaining three months.
Sony launched a redesigned PS5 Slim last month just in time for the holiday season. Sony’s total annual sales forecast is now up to 12.4 trillion yen ($82.1 billion) with strong sales expected for its video game, music and imaging solutions businesses.
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