The PlayStation maker said Wednesday that profit jumped 10% to just over $3 billion.

But there's a shadow over its flagship PlayStation console, with the company slashing its full-year forecast.

It had targeted sales of 25 million consoles over the financial year.

But now it's cut that to 21 million units.

The number fell after Sony saw weaker-than-expected sales over the year-end shopping season.

It further expects a gradual decline in unit sales from the next financial year.

And said it has no plans to release any major franchise game titles in the coming fiscal year.

That's a contrast with rival Nintendo, which last week actually raised sales forecasts for its aging Switch console.

However, Sony did better across its financial, movies and music businesses.

Once known as the inventor of the Walkman, it has transformed into an entertainment and tech behemoth.

Sony does everything from making chips...

...to being the record label for stars like Lil Nas X and Usher.

And now it has big plans for a major move on shares.

It's planning to list its financial unit in October next year, and says it will retain a stake of just under 20%.