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PlayStation Decade-Low Profit Margins Worry Analysts Amid Runaway Game Budgets

NewsTech

Published:

Reading time: 1 min.

Spider-Man 2

Sony’s most recent earnings report wasn’t a great one for the previously-strong-seeming PlayStation brand. As we reported, Sony downgraded their fiscal year 2024 (which runs from the beginning of April 2023 to the end of March 2024) target for PS5 sales from 25 million to 21 million. They also admitted that no major AAA franchise entries will be published over the course of this coming fiscal year. Needless to say, this wasn’t received that well, partly leading to a plunge in Sony stock that subtracted an estimated $10 billion from the Japanese company’s value. That said, a number of financial […]

Read full article at https://wccftech.com/playstation-decade-low-profit-margins-worry-analysts-runaway-game-budgets/

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