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Sony sees strong gaming growth despite weaker PS5 sales.
The Japanese entertainment giant is reporting an operating profit of 279.11 billion yen ($1.9 billion) for Q1 2024, up 10 percent year-over-year.
Most of that growth comes from its music and gaming software segments, the latter of which was driven by first-party games and PlayStation Plus subscriptions. Meanwhile, Sony sold just 2.4 million PS5 console units compared to the 3 million it previously estimated.
1/2Gaming software and music streaming have more than compensated for Sony’s dwindling PS5 hardware sales. Image: Sony
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