Is the consumer attention span getting longer? In recent years, shoppers have been waiting longer to replace their smartphones and cars. That trend is spreading to game console makers too: Ageing consoles, which traditionally meant a consistent decline in game company revenues, are still going strong for the likes of Sony and Nintendo. New developments in the industry will mean a further boost for the Japanese game companies. Historically, the lifespan of a gaming console was roughly five years.
Sales have been weak at its pictures segment on fewer series delivered in its television productions unit, partly because of production delays related to the previous strikes in Hollywood. Financial services segment sales have lagged behind, with a significant decline in revenue at its Sony Life unit. A growing net loss on investments have raised investor concerns.
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