DRAM price increase puts pressure, Sony's profit still surged by 22%, raises full-year guidance
Wallstreetcn·- Sony Group reported a 22% increase in operating profit for the December quarter to 515 billion yen, surpassing market expectations, while revenue grew slightly to 3.71 trillion yen. - The company's gaming division faced challenges with a decline in hardware sales and rising costs due to skyrocketing DRAM prices, expected to increase 90% to 95% this quarter. - Despite pressure on its gaming business, strong performance in music and imaging segments helped offset losses, with music revenue rising 12.6% and imaging solutions growing over 20%.