According to the latest reports, Sony shares fell 8.6% in Tokyo on Thursday. Earlier, Sony lowered its PS5 sales forecast and announced that the gaming division’s Christmas holiday results were lower than expected.
Sony lowered its PS5 sales forecast for the current fiscal year by more than 3 million units and reminded everyone that supply and logistics pressures will continue into 2022.
Some losses were offset by a strong performance in the film unit and the image sensor business, but investors were cautious about the long-term prospects for Sony’s gaming unit.
“Even if there is no structural change in the industry, it will be very tough for Sony to improve its earnings numbers in the next phase, especially if we come out of the global lockdown completely,” the analyst said after Sony’s results. With subscriptions rolling out in the future, we’re seeing a lot of pressure on the profitability of Sony’s gaming division.