Sony’s New Guidance Implies That Peak Out of PlayStation 4 Will Be Fulfilled by Other Businesses
Sony’s operating income guidance for the new fiscal year is JPY 810 billion, which is essentially flat from the previous year excluding a onetime profit, and in line with our forecast of JPY 820 billion. The new guidance will encourage the market, as we believe investors were concerned that Sony will not be able to compensate for the sharp slowdown of PlayStation 4 and mobile games, which had dragged down Sony’s share price over the past few months. We believe that profit from PlayStation 4 plat...
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