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华尔街小狼、
#索尼财报前瞻：游戏与音乐业务表现如何？
游戏：硬件退潮，PS5销量承压，营收偏弱；但利润指引大幅上调，靠PS Plus、数字软件及关税/汇率顺风。看点在上调后的利润能否兑现，风险是内存涨价挤压毛利。
音乐：流媒体与版权代理增长强劲，曲库收购增厚长期现金流，防御属性突出，大概率延续双位数增长，充当估值稳定器。整体看，游戏是弹性与风险点，音乐是稳定基本盘。
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