Sony says cost of developing PlayStation successor will hit gaming profits
Fourth-quarter profit misses expectations amid impairments as $3.2bn stock buyback announced
Fourth-quarter profit misses expectations amid impairments as $3.2bn stock buyback announced

PlayStation owner wants its standalone ‘first-party studios’ to contribute more to revenue growth and take measured risks

Download purchasers over past decade could be eligible for compensation if class action succeeds

Region-locked version at 25% discount in move to boost domestic sales

Higher memory chip costs fuel fears of price rise for Switch 2 and cast shadow over console’s success

Earnings hint at growth trajectory despite increases in capital spending

Japanese group has an edge over its peers by owning content, platform and revenue channels