Sony's Operating Profit Falls 30% in H1, Movies, Music, and Games Units Grow Profits, Image Sensor and Financial Divisions Affected

Sony's operating profit fell 30% in the first half of the financial year ending March, reaching 516 billion yen ($3.42 billion). The company's image sensor and financial divisions were the most affected, leading to a weaker performance. However, Sony's Movies, Music, and Games units all saw profit growth in the second quarter. The chip business weakness had a significant impact on Sony's overall operating profit, which dropped by 29% in the July-September quarter. Despite this, Sony's Q2 revenue increased by 8% year-on-year to approximately $18.5 billion, and PlayStation 5 sales reached 4.9 million units, up from 3.3 million units in Q2 2022.