TOKYO - Sony's operating profit fell 29% in the July-September quarter, below estimates, as the company was hit by a weaker performance at its image sensor and financial divisions.
The conglomerate is targeting sales of 25 million PlayStation 5 consoles this financial year but in July said it was resorting to promotions to juice slower than expected sales. Sony's movie division will co-finance and distribute a live action adaption of Nintendo's iconic "Zelda" franchise, leading to analysts raising the possibility of further collaboration between the two leading Japanese entertainment companies.
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