Poor demand for "PlayStation 5" hangs over Sony sales expectations

Sony Group expected a 1.28 trillion Yen ($ 8.2 billion) operating income for the financial year ending next March, a number of less than the expectations of analysts, in light of the decline in the sale of the PlayStation 5 devices. The leading business in the entertainment industry, based in Tokyo, explained that it would buy up to 2.46% of its shares for 250 billion yen. In announcing the profits of the whole year today, it said that at the beginning of the first next October it will divide one shares into five shares. At the quarterly level, “Sony” indicated that the net revenue during the three months ending last March amounted to 189 billion yen, higher than the average estimates of 153.2 billion. Sales reached 3.5 trillion yen. “Sony” has shown that the commercial activity will have support during the current year through the music publishing units and the company’s smartphones sensors, and both benefit from the Japanese Yen exchange rate. In the music sector, a large amount of “Sony” income came from the broadcasting content that includes a business group, including activities by artists such as Yel Naz X and Michael Jackson. The company “Spotfai Technology” announced a 14% jump in the number of subscriptions paid during the past quarter, which increased the audience of these materials. Sony Investments recovery, Sony manufactures its own photosensors in Japan and selling them abroad. Smartphone markets returned to growth during the quarter that ended last March, as it helped consumers from China to recover. Mobile manufacturers again increase investment in new devices and components, after the inventory of unprotected devices has decreased. Sony’s shares suffered this month, as the growing speculation over the conditions of its $ 26 billion potential offer to the purchase of Paramount Global Company negatively affected the investor confidence. Investors are concerned about the costs associated with obtaining the ‘paramount’ library for films, television work and integrating business into the broader entertainment mire for ‘Sony’. “Sony” and “Apollo” were obtained by paramount in a $ 26 billion agreement. Sony bought ‘Columbia Pictures’ in 1989. The company is considered the Spider-Man and ‘Ghostbusters’, the owner of the only main studio in Hollywood who does not relax for a general entertainment service. The acquisition of “paramount” is expected to increase the “Sony” investments in the traditional TV channels, which has lost viewers for broadcasting companies online. The acquisition of paramount is one of the many transactions Sony is working on, as the Japanese company is also trying to expand its digital content. The merger agreement with the Indian “Zee Entertainment” in the current year, and “Sony” offers bid amid two private real estate investment fund “Blackston” and “KKR” to control the Japanese electronic portraits business “Infocom” in an agreement estimated at the company of approximately $ 1.3 billion. The Sony Games sector in terms of basic games activities, it appears that there are still the upcoming plans of the upcoming “PlayStation 5” matches around the upcoming plans, where “Sony” indicated that it would not make one of its biggest franchise rights like the game “God or War” or “Blood Borne” during the financial year. The executive officials of the company also said that the control unit, issued during 2020, is currently on their way to the sales of devices, which pave the way for issuing a possible speaker during the holiday period for the current year. ‘Sony’ sold 4.5 million control units of “PlayStation 5” console in the annual quarterly period. The number of active users dropped to 118 million during this period on the company’s PlayStation network. The exclusive “Fantasy VII rebirt”, similar to “Fantasy VII Rebirt”, such as the “Fantasy VII -rebirth” of the “Square Inx Holdings” business recently, did well, which asked the publishing companies similar to “Skin inix” to limit the content of it.