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    Sony reports healthy profits on strong sales of sensors and games

    By SHOOTNo Comments66 Views
    A logo of Sony is seen at the headquarters of Sony Corp. on May 10, 2022, in Tokyo. (AP Photo/Eugene Hoshiko, File)

    By Yuri Kageyama, Business Writer

    TOKYO (AP) --

    Sony’s profit rose 69% in July-September from a year earlier on the back of strong sales of its image sensors, games, music and network services, the Japanese electronics and entertainment company said on Friday.

    Quarterly profit was 338.5 billion yen ($2.2 billion), up from 200 billion yen in the year-earlier period, while consolidated quarterly sales edged up 3% year-on-year to 2.9 trillion yen ($19 billion).

    Tokyo-based Sony’s latest quarterly results were boosted by healthy demand around the world for image sensors used in mobile products.

    Sales also held up in its video games division. During the latest quarter, 3.8 million PlayStation 5 game consoles were sold globally, compared with 4.9 million units sold the same period a year ago.

    Demand remained strong for PS5 game software, according to Sony.

    The top-selling music releases from Sony for the quarter included “SOS” by SZA, David Gilmour’s “Luck and Strange” and Kenshi Yonezu’s “Lost Corner.”

    One area where Sony’s business suffered was its pictures division, including TV shows and movies, which was impacted by production delays caused by the strikes in Hollywood.

    Among the recent hit films from Sony was “It Ends With Us,” a romantic drama based on a novel.

    Sony, which also makes digital cameras and TVs, maintained its 980-billion yen ($6.4 billion) profit forecast for the fiscal year through March 2025, up 1% from the previous fiscal year.

    Tags:It Ends With UsSony



    What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?

    Thursday, November 21, 2024
    MSNBC hosts Rachel Maddow, left, Lawrence O'Donnell, center, and Chris Matthews take part in a panel discussion at the NBC Universal summer press tour, Aug. 2, 2011, in Beverly Hills, Calif. (AP Photo/Chris Pizzello, File)

    Comcast's corporate reorganization means that there will soon be two television networks with "NBC" in their name — CNBC and MSNBC — that will no longer have any corporate connection to NBC News. How that affects viewers of those networks, along with the people who work there, still needs to shake out. Their new corporate leader, Mark Lazarus, visited the set of MSNBC's "Morning Joe" as the plan was being announced on Wednesday and spoke to network staff members during a morning conference call to address concerns. Comcast is spinning off most of its cable networks, also including USA, Oxygen, E!, SYFY and the Golf Channel, into a separate company. That recognizes how streaming is considered the future and the cable networks are a drag on the bottom line. In the space of a lifetime, the networks went from upstarts aside a legacy operation like NBC to profitable superstars to castoffs. Questions range from the simple to complex Lazarus, chairman of the NBC Universal Media Group, is becoming CEO of the newly-formed company of cable networks, temporarily dubbed "SpinCo." Cesar Conde, who as NBC Universal News Group chairman had oversight of CNBC and MSNBC, will lose those networks from his portfolio, yet remain in charge of NBC News, NBC News Now streaming, Telemundo and the news operations of the NBC-owned local stations. The presence of Lazarus and Anand Kini, who will be chief operating officer and chief financial officer of SpinCo, is a good sign for the new company, said Jessica Reif Ehrlich, research analyst for the Bank of America. "You can't dismiss it as getting rid of the crappy assets, because these are talented executives," she said. At MSNBC, questions about the future range from the simple — will it even keep its... Read More

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