Sony is involved in the development, design, production, manufacture, and sale of a wide range of electronic instruments, instruments, and components for the consumer, professional, and industrial markets, including network services, gaming hardware and software, televisions, audio and video recorders and players, still and video cameras, mobile phones, and image sensors. It is also engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. With its headquarters in Tokyo, Sony is also engaged in various financial services businesses, including life and non-life insurance operations through its Japanese insurance subsidiaries and banking operations through a Japanese internet-based banking subsidiary.
In the Game & Network Services (G&NS) segment, the Sony Interactive Entertainment operates in product research, development, design, marketing, sales, production, distribution, and customer service for PlayStation hardware, software, content, and network services. During FY2022, Sony sold 1 million units of PS4 hardware and 11.5 million units of PS5 hardware. In comparison, it sold 5.7 million units of PS4 hardware and 7.8 million units of PS5 hardware, in FY2021. This increase in sales was primarily mainly due to the impact of foreign exchange rates as well as an increase in sales of hardware, partially offset primarily by a decrease in software sales, mainly from non-first party titles including add-on content.
In the Electronics Products & Solutions (EP&S) segment, it operates in TV and Audio & Video, Still and Video Cameras, and Mobile Communications. In Still and Video Cameras category, the Sony Corporation is involved in product research, development, design, manufacturing, sales, distribution and customer service for interchangeable lens cameras, compact digital cameras, consumer, and professional video cameras. Its Digital camera sales in FY2019 were 3.6 million units. Also, in the Mobile Communications category Sony sold 9.3 million units of Smartphones in FY2021. During FY2021, Sony spun -off its EP&S business including its imaging and mobile businesses into an intermediate holding company called “Sony Electronics Corporation.”
In FY2022, Sony sold 8.5 million units of TV as compared to 9.3 million units in FY2021 YoY. The reason of decline in sales was that Sony has been hard hit by both shortages of key component parts like IC (Integrated Circuit) chips, and logistics problems shipping parts and products overseas as well as fuel prices and other expenses have risen in the wake of COVID-19, the Ukraine War and other compounding global hardships.
In the Imaging & Sensing Solutions (I&SS) segment, it operates through SSS and its subsidiary Sony Semiconductor Manufacturing, which is involved in product research, development, design, manufacturing, marketing, sales, production, distribution, and customer services primarily for complementary metal oxide semiconductor (“CMOS”) image sensors.
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