ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Electronics

Sony cuts revenue forecast ahead of PlayStation 5 debut

Surge in image sensor demand supports rise in operating income

Weak sales of PlayStation 4 hardware has dented Sony's revenue forecast. (Photo by Yuki Kohara)

TOKYO -- Sony on Wednesday cut its revenue forecast by 200 billion yen ($1.8 billion) for the fiscal year ending in March 2020, blaming lackluster sales of PlayStation 4 hardware and gaming software.

Sony changed its revenue estimation for this business year to 8.4 trillion yen, a decline of 2% from its July forecast. However, it expects operating profit to rise by 4% to 840 billion yen.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more