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Friday, October 30, 2020

Sony Gets Lift From Stay-at-Home Demand Ahead of PlayStation 5 Launch - The Wall Street Journal

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TOKYO—Sony Corp. raised its forecast for its full-year operating profit by nearly $800 million, capping a strong run of results by Japanese electronics makers benefiting from China’s revived economy and pandemic technology trends.

Sony was hit by U.S. sanctions on Huawei Technologies Co. because it supplies camera parts to the Chinese smartphone maker, but overcame the blow to post operating profit of 318 billion yen, equivalent to about $3 billion, in the July-September quarter. It raised its operating-profit projection for...

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October 28, 2020 at 07:42PM
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Sony Gets Lift From Stay-at-Home Demand Ahead of PlayStation 5 Launch - The Wall Street Journal

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