Sony Quarterly Profit Slides 31 Percent as Movie Business Disappoints, PS5 Sales Bring Relief
Sony, the renowned Japanese company, reported a significant decline in first-quarter profit, mainly due to underperforming movies and financial divisions. During the April-June period, operating profit plummeted by 31% to JPY 253 billion ($1.8 billion or approximately Rs. 14,907 crore), in line with expectations. The movies division experienced a staggering two-thirds decline in profit, with …