Sony profit slumps 29% on chip weakness but maintains 25 million unit PlayStation 5 target

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  • Sony reported a 29% drop in operating profit for its second quarter as the company suffered from weakness in its imaging sensor business.
  • Sony attributed the significant drop in profit to weakness in its imaging sensor business, as well as declines in profit at its financial services and entertainment, technology and services units.
  • The company said on its earnings call that it expects its PlayStation 5 console to hit its target of 25 million units shipped in 2023
 
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