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Sony Group

Gettin’ Tough Out There – Sony Cuts Net Profit Outlook for Current Fiscal Year

August 2, 2022 by Ted Leave a Comment

Sony PlayStation 5 games

Late last week, Sony Group announced that they were cutting their net profit forecast for the current fiscal year, fiscal 2022 which ends March 2023. Why are they trimming their profit expectations? It appears that Sony is experiencing its version of a post-COVID Peloton/Netflix sales decline as video game sales are weakening and its costs related to a recent acquisition are rising.

See more on the declining profit forecast at Sony

[Read more…] about Gettin’ Tough Out There – Sony Cuts Net Profit Outlook for Current Fiscal Year

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Strategy Tagged With: forecast, PlayStation, profits, Sony Group

Long the Star of the Company, Sony Elects to Shift to a Supporting Role

September 9, 2020 by Ted 2 Comments

Sony ZV-1 Vlogcam

According to a new report out of Japan last week, analysts say that Sony’s business is shifting towards more services and events – and away from the electronics business, the division that built the company. For decades, the brand Sony was practically synonymous with electronics…but that identity may be shifting as growth in other company divisions surpass electronics.

See more on Sony’s shifting categories…

[Read more…] about Long the Star of the Company, Sony Elects to Shift to a Supporting Role

Filed Under: Brands, Management, Manufacturers, News, Strategy Tagged With: Sony Corp., Sony Electronics, Sony Group, streaming, Walkman

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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