Tag: $Sony

 Sony (6758.T), raised its full-year operating profit forecast on Thursday by 4% to 1.33 trillion yen ($9.01 billion), citing factors including expectations of a smaller impact from U.S. President Donald Trump’s tariffs.

Japanese consumer electronics giant Sony warned on Wednesday that this year’s profits won’t grow at all because of tariffs.

Sony has chosen long-serving finance head Hiroki Totoki as its next chief executive as the Japanese technology group overhauls its leadership while steering a multibillion-dollar push into producing more original content.

Sony said on Friday its operating profit rose 73% in the July-September quarter, with strong sales in its game and network business helping to offset weakness in movies.

Sony on Tuesday announced a price hike for its flagship PlayStation 5 console, even as the device enters its fourth year on the market.

Sony on Wednesday reported a 10% rise in operating profit in the April-June quarter, beating analyst estimates, boosted by its image sensors and games businesses.

Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, dragged down by a decline in its financial services division.

 Shares of Paramount Global rose more than 9% in premarket trade on Friday, after Reuters reported Sony Pictures Entertainment and Apollo Global Management were discussing a joint bid to acquire the media company.

LONDON, Nov 21 (Reuters) – Sony must face a mass lawsuit worth up to 6.3 billion pounds ($7.9 billion) over claims the PlayStation maker abused its dominant position leading to unfair prices for customers, a London tribunal ruled on Tuesday.

Sony reported a 29% drop in operating profit for its second quarter as the company suffered from weakness in its imaging sensor business.

Sony on Wednesday reported a 31% fall in profit in the first fiscal quarter as its life insurance unit dragged on its bottom line, but the company raised full-year sales forecasts on the back of expected strength for its PlayStation gaming business.

Sony signed a binding 10-year deal with Microsoft to keep the best-selling Call of Duty series available on PlayStation.