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Sony's Had the Year From Hell

Friday November 15, 2024. 06:34 PM , from Slashdot
Sony's Had the Year From Hell
Sony faces mounting challenges after a year marked by major setbacks in its gaming and film divisions. The company's $200-400 million gaming project 'Concord' sold only 25,000 copies before being discontinued, while PlayStation 5 sales targets were cut from 25 million to 21 million units.

Sony Pictures struggled with underperforming Spider-Man spin-offs and high-profile departures, including CEO Tony Vinciquerra. Over 1,200 employees were laid off across divisions, and profits fell 39% to $124 million in the latest quarter. Sony's stock dropped 5% over the past year while broader markets rose nearly 40%.

Read more of this story at Slashdot.
https://slashdot.org/story/24/11/15/1735220/sonys-had-the-year-from-hell?utm_source=rss1.0mainlinkan...

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