Sony's Mixed Bag of Profits: Record PlayStation 5 Sales but Slip in Overall Profit.

Sony expects to sell a record 25 million PlayStation 5 consoles this business year, up from 19.1 million in the previous 12 months, but forecasts its profit will slip from a record high due to weaker financial services sales. The company expects operating profit in the year to March 31 to fall 3.2% to 1.17 trillion yen ($8.65 billion), lower than analysts' average estimate of a 1.275 trillion yen profit. However, the improved performance of its gaming unit will come as a relief to the entertainment and electronics conglomerate after it struggled to make enough PlayStation 5 game consoles to meet demand during the COVID-19 pandemic because of semiconductor supply chain disruptions.