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HomeLatestSony Group revises up internet revenue forecast for fiscal 2023

Sony Group revises up internet revenue forecast for fiscal 2023

TOKYO, Aug. 9 (Xinhua) — Sony Group Corp. on Wednesday revised up its internet revenue forecast for the present fiscal yr ending March to 860 billion yen (about 6 billion U.S. {dollars}), up 20 billion yen from an earlier estimate.

The Japanese electronics and leisure big additionally raised its gross sales outlook for fiscal 2023 to 12.2 trillion yen in opposition to its April forecast of 11.5 trillion yen.

For the three months by means of June, Sony’s internet revenue slipped by 16.7 p.c from a yr in the past to 217.55 billion yen, as its insurance coverage unit skilled a lower in earnings.

Meanwhile, its gross sales grew 32.9 p.c to 2.96 trillion yen, as gross sales for the interval grew in video games and community providers, the music enterprise, monetary providers and imaging options.

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