Sony drops after disappointing PlayStation sales and outlook


Lower than expected sales of the PlayStation 5 due to supply chain problems and competition from Microsoft in the video game sector dealt a blow to Sony's stock, plunging 8.6% in value. — AP Photo/File

Sony Group Corp. fell as much as 8.6% in Tokyo on Thursday after cutting its PlayStation 5 sales forecast and announcing weaker-than-expected results from its gaming division over the holiday period.

The company slashed its fiscal-year outlook by more than 3 million units to 11.5 million PS5 sales and also warned that supply and logistics challenges will persist through 2022.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Utility Entergy says revised Meta data-center deal to deliver higher customer savings
Sony to hike PlayStation 5 prices again as memory chip costs surge
NYSE-parent Intercontinental Exchange invests $600 million in Polymarket
SpaceX's listing stirs up social media frenzy, ticker bets
SoftBank secures $40 billion loan to boost OpenAI investments
Austria plans social media ban for children under 14
‘Life Is Strange: Reunion’ finally arrives this week
VW's software partnership with Rivian clears investment hurdle
Nearly half a million customers hit by Lloyds IT glitch that exposed transaction data, committee says
Apple plans to open up Siri to rival AI assistants in iOS 27 update

Others Also Read