The PS5, launched in November 2020, undersold its predecessor in its second year due to component shortages which have roiled the electronics industry

Sony's game, music and movie units contributed two-thirds of operating income in the year ended March, underscoring the group's transformation from consumer electronics maker into a metaverse-ready entertainment juggernaut

Strong game sales helped Sony more than double fourth-quarter operating profit as it encourages online game downloads and sign-ups for subscription services

Sony Interactive Entertainment will acquire Bungie, the creator of 'Halo' videogame and developer of 'Destiny,' in $3.6bn deal, the latest in a wave of consolidations in the gaming sector