An employee of the consumer electronics retailer chain Bic Camera works at the promotion display of the Sony PlayStation 5 game console and its gaming software, ahead of the game console's official launch, in Tokyo, Japan November 10, 2020. REUTERS/Issei Kato/File Photoon Wednesday said first-quarter profit tumbled due to weaker performances from its movies and financial businesses.
Once a consumer electronics giant, the conglomerate has transformed itself to focus more on entertainment, developing movies, music and games. It is also a leading maker of image sensors.of its financial unit, which includes life insurance and banking, as it looks to invest in its entertainment businesses.
Sony has said it expects to sell 25 million PlayStation 5 consoles this financial year, in what would be a record for a PlayStation device, following the easing of supply chain snarls.