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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Sony Expects Profit to Slip Despite Record PlayStation 5 Sales

The Sony logo on a building in Tokyo, Japan, 28 April 2023. (EPA)

Sony Group Corp on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offsets gains from gaming, music and movies.

The Japanese company said it expects operating profit in the year to March 31 to fall 3.2% to 1.17 trillion yen ($8.65 billion), lower than an analysts' average estimate of a 1.275 trillion yen profit, according to Refinitiv data.

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