Gold’s profit rose 69% in the July- September quarter from a year earlier, the Tokyo- based Japanese electronics and entertainment company said on Friday. The growth was driven by strong sales of the company’s image sensors, games, music and network services.
Quarterly profit came to 338.5 billion yen ($2.2 billion), up from 200 billion yen in the same period last year. Consolidated quarterly sales rose 3% year over year to 2.9 trillion yen ($19 billion).
Tokyo- based Sony’s latest quarterly results showed the company benefited from strong global demand for image sensors used in mobile products.
Sales in the video games segment have also been determined. In the new quarter, 3.8 million PlayStation 5 game consoles were sold worldwide, compared to 4.9 million units sold in the same period last year.
Sony said demand for PS5 game software remains strong.
The quarter’s best- selling gold music releases include SZA’s “SOS,” David Gilmour’s “Luck and Strange” and Kenshi Yonezu’s “Lost Corner.”
One segment of Sonya’s business that has been settled is the movie segment, which includes TV shows and movies. The division has been affected by production delays caused by labor strikes in Hollywood.
Among Sonya’s recent hits is “It Ends With Us”, a romantic drama based on a novel.
Digital camera and TV maker Sony has forecast a profit of 980 billion yen ($6.4 billion) for the fiscal year ending February 2025, up 1% from the previous fiscal year.
Due to these good quarterly results of Sonya Company, it is seen that the demand of its products is increasing among the consumers all over the world. This increase in sales of image sensors has led to a strong financial position for the company. In addition, although the sales of PlayStation 5 in the gaming segment have declined slightly, the demand for game software has remained high, which The company’s earnings have remained strong.
Sonya has also done well in the music field. Popular music releases by SZA, David Gilmour and Kenshi Yonezu have brought additional income to the company. This success has strengthened the position of Sonya’s music division.
Although the company has recovered somewhat from the difficulties faced in the movies and TV shows segment, the overall result has been positive due to the company’s good performance in other segments. The success of films like “It Ends With Us” has helped fill the gap in this segment.
The Sony Company has also maintained its strong hold in digital cameras and TV manufacturing, which has led to a continuous increase in the demand for its various products. Due to all these reasons, the company has projected to increase its profit for the upcoming financial year as well.
Overall, gold’s excellent performance this quarter bodes well for the company’s future financials. The future of Sonya Company does not look hopeless due to the increasing demand of their products in the global market and the good performance they have shown in various segments. The company has proven its strength in various sectors and is expected to continue to do so in the coming years.