Sony Sells 18.5 Million PS5 Units in FY 2024, Analysts Say GTA 6 Delay to Impact Sales in 2025

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Sony Group’s forecast for the upcoming fiscal year disappointed investors, primarily due to the significant impact of US tariffs. The entertainment conglomerate projects a ¥100 billion hit from the levies, resulting in an anticipated operating profit of ¥1.28 trillion.

While the company acknowledges that without the tariffs, their profit projection would be higher, it still falls short of analyst expectations, which averaged around ¥1.5 trillion. This lower-than-expected outlook suggests potential headwinds for Sony beyond just trade tariffs, hinting at other factors impacting their performance. The market’s reaction to this news remains to be seen, but the initial forecast has undoubtedly created a sense of uncertainty around Sony’s near-term financial prospects.



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Sony Sells 18.5 Million PS5 Units in FY 2024, Analysts Say GTA 6 Delay to Impact Sales in 2025



Sony Group’s forecast for the upcoming fiscal year disappointed investors, primarily due to the significant impact of US tariffs. The entertainment conglomerate projects a ¥100 billion hit from the levies, resulting in an anticipated operating profit of ¥1.28 trillion.

While the company acknowledges that without the tariffs, their profit projection would be higher, it still falls short of analyst expectations, which averaged around ¥1.5 trillion. This lower-than-expected outlook suggests potential headwinds for Sony beyond just trade tariffs, hinting at other factors impacting their performance. The market’s reaction to this news remains to be seen, but the initial forecast has undoubtedly created a sense of uncertainty around Sony’s near-term financial prospects.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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