"Sony's PlayStation Aims to Cut Development Costs and Boost Profit Margins"

Sony boss Hiroki Totoki acknowledges the need for improvement in cutting development costs within PlayStation studios, emphasizing the importance of optimizing business and increasing profitability. He also hints at exploring opportunities to release first-party titles on non-PlayStation platforms like PC and mobile to improve margins. This comes amidst concerns over rising development costs and increasing development schedules within the video game industry, as well as Sony's revised PS5 sales forecast for the current financial year.