<p>Tokyo: Sony's operating profit fell 29 per cent in the July-September quarter, below estimates, as the company was hit by a weaker performance at its image sensor and financial divisions.</p>.<p>Profit for the July-September quarter was 263 billion yen ($1.74 billion). That compared with a 306 billion yen estimate from 10 analysts polled by LSEG.</p>.<p>Sony has shifted from being the creator of iconic household electronics such as the Walkman to an entertainment behemoth straddling games, movies and music and a leading maker of image sensors.</p>.<p>The conglomerate is targeting sales of 25 million PlayStation 5 consoles this financial year but in July said it was resorting to promotions to juice slower than expected sales.</p>.Shell sues Greenpeace for $2.1 million after boarding oil vessel.<p>Industry observers were surprised by the recent announcement that gaming chief Jim Ryan will step down next March.</p>.<p>Rival Nintendo has scored a string of hits in recent months as the company continues to draw in gamers despite eschewing the cutting edge graphics Sony and Xbox maker Microsoft have pursued.</p>.<p>Sony's movie division will co-finance and distribute a live action adaption of Nintendo's iconic "Zelda" franchise, leading to analysts raising the possibility of further collaboration between the two leading Japanese entertainment companies.</p>.<p>"Sony's strong distribution network and publishing track record could make it a strategic move for Nintendo," Jefferies analyst Atul Goyal wrote in a client note ahead of Sony's earnings. </p>
<p>Tokyo: Sony's operating profit fell 29 per cent in the July-September quarter, below estimates, as the company was hit by a weaker performance at its image sensor and financial divisions.</p>.<p>Profit for the July-September quarter was 263 billion yen ($1.74 billion). That compared with a 306 billion yen estimate from 10 analysts polled by LSEG.</p>.<p>Sony has shifted from being the creator of iconic household electronics such as the Walkman to an entertainment behemoth straddling games, movies and music and a leading maker of image sensors.</p>.<p>The conglomerate is targeting sales of 25 million PlayStation 5 consoles this financial year but in July said it was resorting to promotions to juice slower than expected sales.</p>.Shell sues Greenpeace for $2.1 million after boarding oil vessel.<p>Industry observers were surprised by the recent announcement that gaming chief Jim Ryan will step down next March.</p>.<p>Rival Nintendo has scored a string of hits in recent months as the company continues to draw in gamers despite eschewing the cutting edge graphics Sony and Xbox maker Microsoft have pursued.</p>.<p>Sony's movie division will co-finance and distribute a live action adaption of Nintendo's iconic "Zelda" franchise, leading to analysts raising the possibility of further collaboration between the two leading Japanese entertainment companies.</p>.<p>"Sony's strong distribution network and publishing track record could make it a strategic move for Nintendo," Jefferies analyst Atul Goyal wrote in a client note ahead of Sony's earnings. </p>