Sony shares have fallen by $10 billion

Sony shares have fallen as much as 8.4%, resulting in a drop of $10 billion, despite having managed to sell 55 million units of its PlayStation console during the last quarter corresponding to 2023. The company had planned to sell 25 million PS5 consoles this fiscal year, but based on the latest results, it is very unlikely to reach that number by March, the planned date.

Because of this, the company has been forced to reduce this figure by 4 million to 21 million consoles. Hiroki Totoki, president of Sony and Playstation, announced that major titles like God of War will not be released in the next 12 months. This could affect the company's profits.

Regarding PlayStation's strategy this year, company president Hiroki Totoki announced that he is looking to be more aggressive in order to improve profit margins in the games division. Furthermore, the launch of Helldivers II has been a huge success, reaching over 400,000 concurrent players on Steam.

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