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Sony's latest financials indicate that the company plans to make less profit per units sold on worldwide PlayStation 5 console sales due to regional mix.
Sony's Film and TV Profits Leap to $212 Million in Third Quarter
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Operating profits at the ‘Pictures Division’ of Japanese electronics and entertainment conglomerate Sony leaped to $212 million in the three months from October to December 2020. That compares with a $51 million operating profit in the equivalent period in 2019.
The parent company enjoyed a 9% local currency gain in revenues, which hit JPY2.70 trillion in the period, which represents the third quarter of Sony’s 2020-2021 financial year. Net profits at the group level were up 62% to JPY 372 billion ($3.54 billion).
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The group’s ‘Games & Network Services’ unit saw revenues surge from JPY632 billion ($6.02 billion) to JPY883 billion ($8.41 billion), delivering operating profits up from JPY53.5 billion ($509 million) to JPY80.2 billion ($763 million).