Sony upgraded its full-year net profit forecast on Wednesday, buoyed by the success of its latest Spider-Man movie and strong results in the gaming sector despite the global chip shortage. It comes as the Japanese tech giant battles for gaming supremacy with US rival Microsoft after its blockbuster acquisition of Activision. Sony already logged a … Read more
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, … Read more
Samsung Electronics warned its third-quarter profit would come in below market expectations and apologised for the disappointing performance with the tech giant lagging its rivals in supplying high-end chips to Nvidia in the booming AI market. The rare apology illustrates the challenges facing the company, which has been the world’s biggest memory chipmaker for three … Read more
Sony’s profit edged up 3 percent in the last quarter, weathering production setbacks from COVID-19 lockdowns in Shanghai and a trend away from video gaming as pandemic restrictions eased elsewhere. Tokyo-based Sony’s April-June profit totaled JPY 218 billion (roughly Rs. 12,96,000 crore), up from 212 billion yen a year earlier, the Japanese electronics and entertainment … Read more
Sony Group has nudged up its annual profit forecast, helped by a strong showing for its videogame division, and raised its PlayStation 5 game console sales target by one million units to 19 million for the year to March. The electronics and entertainment giant also said its chief financial officer, Hiroki Totoki, would become president … Read more
Shares in Japan’s Sony fell 6 percent in Tokyo trade after first-quarter profit tumbled, with the entertainment conglomerate reporting lacklustre performances by its movie and financial divisions. Operating profit slid 31 percent and comments by Sony executives over demand for its games and image sensors units also sparked concern. The PlayStation 5 console launched in … Read more
The crypto market reflected more gains than losses on Wednesday, May 28. Bitcoin price rose by under two percent in the last 24 hours on international exchanges. At the time of writing, BTC was trading at $108,898 (roughly Rs. 93.2 lakh) on global platforms. The most expensive crypto asset exceeded the mark of $111,500 (roughly … Read more
Sony Group Corp. nudged up its revenue outlook on strong music sales and a surprise boost from Chinese videogame hit Black Myth: Wukong to its PlayStation segment. The Tokyo-based company said it now expects net revenue of JPY 12.71 trillion ($83.2 billion or Rs. 7,02,023 crore) in the year to March, up slightly from its previous forecast. … Read more
Sony on Thursday raised its operating profit forecast for the year ending in March by two percent to JPY 1.34 trillion ($8.70 billion or roughly Rs. 75,67,538 crore) as it reported strong growth at its key gaming unit. Once best known for consumer electronics such as the Walkman, Sony’s business spans games, movies, music and … Read more