You have not yet added any article to your bookmarks!
Join 10k+ people to get notified about new posts, news and tips.
Do not worry we don't spam!
Post by : Badri Ariffin
The Japanese technology leader, Sony, has increased its operating profit projections for the fiscal year ending March 2026 by 8%, reaching 1.43 trillion yen (approximately $9.48 billion). This adjustment underscores the expanding roles of its entertainment and semiconductor segments.
In the July-September quarter, the company saw a 10% rise in operating profit, totaling 429 billion yen. This surge was primarily attributed to strong performance in its music division, notably its popular anime title, Demon Slayer: Kimetsu no Yaiba Infinity Castle, alongside impressive sales in its chip sector, especially for larger image sensors utilized in smartphones.
Sony's shift from traditional electronics to a heavyweight in the entertainment and technology landscape is manifesting more clearly. The triumph of Demon Slayer has sparked considerable interest in anime, solidifying Sony's standing in the global entertainment industry.
In the gaming sector, the company encountered some obstacles, as profits dipped due to financial impairments linked to Destiny 2. However, PlayStation 5 sales saw a slight increase, reaching 3.9 million units for the quarter, demonstrating sustained demand for the console despite its launch back in 2020.
The overall gaming market remains buoyant, with Nintendo revising its sales expectations for the Switch 2 to 19 million units, while Take-Two Interactive announced a delay for Grand Theft Auto VI until next November—which could be beneficial for future PlayStation earnings.
Sony's semiconductor division has experienced growth thanks to rising demand for larger image sensors. Additionally, the firm has introduced a share repurchase plan aimed at buying back up to 35 million shares, valued around 100 billion yen, reflecting confidence in its financial trajectory.
The announcement of these results led to a 6% rise in share prices as investors reacted positively, applauding the company's strong performance across various sectors. With its innovative blend of entertainment and technology, Sony continues to reshape its growth narrative in an increasingly competitive global landscape.
Landfill Collapse in Cebu Kills Four, Dozens Missing as Rescue Continues
A massive landfill collapse in Cebu City has left four dead and dozens missing as rescuers race agai
Netanyahu Says Israel Aims to End US Military Aid Within 10 Years
Israeli PM Benjamin Netanyahu says Israel plans to gradually stop relying on US military aid within
Dhurandhar’s Box Office Roars On: Ranveer Singh’s Spy Thriller Shatters Records
Ranveer Singh’s Dhurandhar earns ₹3.6 Cr on Day 36, totaling ₹844.45 Cr in India. The spy thriller s
FCC Clears SpaceX to Launch 7,500 More Starlink Satellites Worldwide
SpaceX gets FCC approval to add 7,500 new Starlink satellites and upgrade frequencies, boosting glob
Indonesia Blocks Elon Musk’s Grok AI Over Unsafe AI Content
Indonesia temporarily blocks Elon Musk’s Grok chatbot due to unsafe AI-generated images. The move ai
PV Sindhu’s Malaysia Open Run Ends with Semifinal Loss to Wang Zhiyi
PV Sindhu’s comeback at Malaysia Open ends in semifinals as China’s Wang Zhiyi wins 21-16, 21-15. Si
