Sony Profits Fall But Reach Record High Thanks to Surge in Gaming Unit Despite PS5 Shortages

Sony's pictures division saw decreased sales and profits without a "Spider-Man" movie in the last financial year.
Sony Group Corp expects operating profit to fall 3.2% to 1.17 trillion yen ($8.65 billion) this year due to lower income from financial services.
Sony sold 19.1 million units of the PlayStation 5 (PS5) videogame machine last business year, up from 11.5 million a year earlier.
Sony expects profits at its gaming and network unit to rise by 8% to 270 billion yen this year, while profits from financial services are expected to fall by a fifth.
Sony's overall operating profit fell 7.3% to 128.5 billion yen for the three months that ended March 31, but its profit for the full year was 1.21 trillion yen, its highest annual profit ever.