Tag: $Sony

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.