Sony Corporation: Expansion of smartphone market, mobile sensors & PS5 installed base!

Based on the Q3 consolidated financial results announcement for Sony Group Corporation for FY 2023, the company showed considerable resilience against some difficult market conditions. One critical highlight was the significant increase of 22% in consolidated sales for the quarter compared to the same quarter the previous fiscal year, reaching a record high of JPY 3,747.5 billion. Notably, the operating income and net income also increased substantially year-on-year and reached the second-highest level on a quarterly basis. Likewise, the adjusted EBITDA and nine-month consolidated operating cash flow witnessed significant growth.