Sony has projected a 6 per cent fall in annual gaming revenue to 4.42 trillion yen (approximately $28 billion), citing declining PlayStation 5 hardware sales as the console enters its sixth year on the market and the broader electronics industry contends with sharply rising memory chip prices. Despite the revenue dip, the Japanese conglomerate expects gaming profits to climb 30 per cent, buoyed by stronger first-party software sales and the anticipated release of Take-Two Interactive's long-delayed "Grand Theft Auto VI" in November. Sony also announced a share buyback of up to 500 billion yen, helping its Tokyo-listed shares reverse earlier losses and close up around 1 per cent on the day.