Sony Forecasts Double-Digit Profit Growth Amid PlayStation 5 Sales Slowdown and Memory Price Increases
Sony anticipates a double-digit rise in annual profit for the upcoming fiscal year, despite a decline in PlayStation 5 sales and a 30 billion yen hit from rising memory prices. The company plans to repurchase up to 500 billion yen in shares and reported strong revenue from its image sensor and music divisions.
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Topics: earnings memory prices profit forecast PS5 sales share buyback