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Sony recorded record sales in fiscal 2022

Revenue from sales of goods and services by the group of companies in 2022 reached 11.53 trillion yen ($85.4 billion), an increase of 16% over the year.

The consortium of Sony Group companies recorded in fiscal year 2022 (ended March 31, 2023) sales volumes, which exceeded the mark of 10 trillion yen (more than $74 billion at the current exchange rate) in first time in its history. This is shown by the data released on Friday by this company, Trend reports.

According to the company’s financial report, revenue from sales of goods and services of the group of companies in 2022 will reach 11.53 trillion yen ($85.4 billion), an increase of 16% over the year. About half of sales are in the video game and network services categories, as well as entertainment and technology.

The company’s net profit rose 6.2% to 937.1 billion yen ($6.9 billion). Local analysts attributed the company’s success to strong global sales of its Playstation 5 flagship, games and peripherals, as well as the Japanese yen’s notable weakening in 2022, which also boosted Sony’s earnings, which focused in foreign markets.

Recall that earlier Sony introduced an updated pocket air conditioner.

Sony and Honda have released a joint electric car
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Source: korrespondent

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