Sony forecasts higher games profit but lower sales amid memory price surge

Sony forecast on Friday a higher annual operating profit but lower sales in its gaming business, with overall profit expected to climb 11% to 1.6 trillion yen ($10.20 billion) for the year ending March 2027.

While the PlayStation maker has received plaudits for its transformation into an entertainment powerhouse, market concern about the impact of artificial intelligence on its business and a perceived lack of growth catalysts have weighed on its ‌shares in recent ⁠months.