Sony Profit Jumps 22%, Lifts Full-Year Outlook
Sony Asia-Pacific News Sony Posts Profit Increase on Video Games, Music and Movies. The Sony Group said today that its quarterly operating profit surged 22 percent to 515 billion yen ($3.28 billion), helped by strong sales of video games, movies and music. The strong result, that received a boost with record profits in its music and imaging operations, has led the company to also upgrade its full-year profit outlook to 1.54 trillion yen. Its PlayStation operation is stalling amid slowing console sales and a looming “chip famine” for memory parts, but Sony’s wide-ranging business model spanning Snoopy merchandise to smartphone sensors is helping the tech giant stay ahead of the curve.
