Sony Q2 profit falls 29%, hit by chips division

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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Sharon Stone Emotionally Recalls Sony Exec Exposing Himself To Her In The ’80sCurtis M. Wong is a Senior Culture Reporter at HuffPost. He has written for Billboard, The Prague Post, Passport Magazine, The Hartford Courant, Business Insurance Weekly, Abu Dhabi's The National and Ohio's Akron Jewish News, among other publications.
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