"Sony is facing challenges with US tariffs impacting profit forecasts, expecting JPY 100 billion ($700 million) in losses, with concerns about its PlayStation 5 sales."
"Despite a solid operating income of JPY 203.7 billion in Q1, Sonyâs new outlook is largely flat, with projections missing analyst estimates amid tariff impacts."
Sony Group's forecast for the upcoming year remains disappointing, primarily due to the impact of US tariffs, predicting a JPY 100 billion ($700 million) hit. Operating profit expectations fall to JPY 1.28 trillion, underwhelming compared to analyst estimates of JPY 1.5 trillion. Nevertheless, Sony plans a JPY 250 billion share buyback while preparing for a partial spinoff of its financial unit. In Q1, the company reported an operating income of JPY 203.7 billion and sold 18.5 million PlayStation 5 consoles amidst pressure to adjust pricing due to tariffs.
Read at Gadgets 360
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