Sony Aims for Profit Growth Amid PS5 Softness

Deep News05-08 21:12

Sony projects a 13% increase in full-year profit and has announced a share buyback program of up to ¥500 billion to counter the impact of slowing PS5 hardware sales in the fourth quarter. The company also noted that surging memory chip prices, driven by AI data center demand, will result in a ¥30 billion hit.

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