Sony Quarterly Profit Slides 31 Percent as Movie Business Disappoints, PS5 Sales Bring Relief

Sony Quarterly Profit Slides 31 Percent as Movie Business Disappoints, PS5 Sales Bring Relief

Japan’s Sony on Wednesday said first-quarter profit tumbled due to weaker performances from its movies and financial businesses. In April-June, operating profit slid 31 percent to JPY 253 billion ($1.8 billion or roughly Rs. 14,907 crore), in line with estimates. Profit at its movies division plunged by two-thirds due to…