Sony expects fiscal 2020 net profit to fall 12.4% over pandemic

Business Aug 4, 2020

Sony expects fiscal 2020 net profit to fall 12.4% over pandemic

Sony Corp. said Tuesday its fiscal 2020 net profit is expected to fall 12.4 percent from a year earlier to ¥510 billion ($4.8 billion), as the coronavirus pandemic has hit its image sensor and movie businesses. Sony, which released its earnings projections for the business ...

Sony delays PlayStation 5 event amid unrest in U.S.

Business / Corporate Jun 2, 2020

Sony delays PlayStation 5 event amid unrest in U.S.

Sony Corp. on Monday postponed a streamed event at which it was to showcase games tailored for new-generation PlayStation 5 consoles, stepping back amid growing unrest in U.S. cities. The digital showcase of PS5 games had been set for Thursday. Japan-based Sony did not indicate ...

Video games see 35% sales jump amid pandemic

Business / Tech Apr 22, 2020

Video games see 35% sales jump amid pandemic

With large portions of the U.S. population quarantined at home due to the coronavirus pandemic, the demand for video games to provide entertainment is growing dramatically. NPD Group's monthly report for March showed that all game-related purchases — software, hardware and accessories — totaled $1.6 ...

Sony plans limited PlayStation 5 output in first year

Business / Corporate Apr 17, 2020

Sony plans limited PlayStation 5 output in first year

Sony Corp. plans to produce far fewer units of its upcoming PlayStation 5 in its first year than it had for the previous-generation console’s launch, according to people familiar with the matter. The Tokyo-based tech giant is limiting its initial production run in part because ...