Thanks to the increasing sale of Playstation 5, Sony recorded more sales and profits at the end of the year. Apart from the gaming division, the music sector was also able to earn high profit, but the film business is again suffering. Despite the rising income, the group’s operations continued. Overall, Sony looks positively in the future and increases the forecast for the current quarter. The stock exchange is affected, the Japanese company’s share price continues.
Advertisement
It is not surprising that the game console is higher in the Christmas quarter than other sessions, but Sony is capable of selling Playstation 5 at the end of 2024 in late 2024. In the previous year, Sony’s PS5 sales figures were disappointed and had 8.2 million units, but now the mixed group PS5 was able to increase the sales of 16 percent to 9.5 million console every year. By the end of 2024, a total of 74.9 million Playstations 5 were sold.
It has a positive effect on the overall result Sonis’s financial third quarter Financial Year 2024. In the months of October to December 2024, the group increased its sales by 18 percent in the year, which is equivalent to 27.6 billion euros. At the same time, the operating result has increased by 1 percent to 469.3 billion (2.9 billion euros) as compared to the previous year. These numbers are vested According to CNBC The expectations of analysts were well expected, which was expected to be sold and 404.2 billion yen operating benefits with 3.77 trillion yen.
Explain gaming and music fields
Sony’s “Game and Network Services” has the biggest proportion of this result. The gaming division was able to increase sales in sales by 16 percent in the previous quarter for the sales and high demand of high PS5. The operating result of this group sector is 37 percent higher than the previous year and is now 118.1 billion yen (739 million euros).
Recommended editorial material
With your approval, an external survey (opinion GMBH) has been invited here.
Always load survey
Sony’s music shops are no less successful. During the year, Sony Music was able to increase sales by 14 percent for the sale of thanks to high streaming income. The operating result has also increased by 28 percent to 97.4 billion yen (609.2 million euros).
Weaknesses in film, photo and finance
In contrast, the film business is weak. Sony’s film business flopped in the last summer, and it continued. The film division has recently increased by 9 percent to 398.2 billion yen (2.49 billion euros), but the operating result fell 18 percent to 34 billion yen (212.9 million euros). Sony credited high marketing costs and low license revenue for TV and streaming series. Hollywood Strikes have also made themselves noticeable, according to Sony Cumming CEO Hiroki Totoki and led the change from films of Spiderman and Jumanji series, Write variety,
The sale of Sony’s photo division, which distributes camera sensors for smartphones, returned to 500.9 billion yen (3.1 billion euro) and the operating result also fell 2 percent to 97.5 billion yen (610.8 million euros). Sony credited low delivery for mobile devices.
Also read
Sony Division of Financial Services and Insurance Companies had increased by 130 percent of income, which increased to 718.5 billion yen (4.5 billion euro) by 130 percent, but the operational result broke 40 percent, 46.4 billion yen (290.9 million euros) Done. The group blames high expenses for insurance financing.
Sony share inspires a positive attitude
Nevertheless, Sony increases the forecast for the current financial year, which will be completed in March. The group expects four percent more annual trading than before, and the operating result should now be two percent higher. This is clearly well received by investors. The price of Sony share during the day was already attracted by 5.5 percent, further increased by 2.4 percent.
(FDS)
