Sony stresses PlayStation user engagement as hardware sales taper off

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TOKYO - Japan's Sony on Thursday emphasised the strength of user engagement with its gaming platform as sales of the PlayStation 5 console taper off and companies in the sector look for recurring revenue.

Sony has restructured the management of the gaming business, whose weak margins have concerned investors, with Nishino to become CEO of its platform business group from next month. The gaming sector is grappling with the cost of developing high-profile titles and weaker industry growth, with companies moving to lay off employees and halt projects.

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